Insurance [Merged 10-6]

[Playboy4ll23]

apparently...wont that cost like soooo much more!

 

[Catbox_95]

Yeah it would. Ask them if they can justify why they would do that to you. Do you still live at home? Hopefully. They should let you on their policy. They might as well make you start paying for your own health insurance too! :thumbdown

 

[CyberEye]

apparently...wont that cost like soooo much more!

probably

 

[Playboy4ll23]

yeah i live at home..the only good thing that comes out of this is i dont have to pay my insurance since im only 16 and i cant get a job during basketball season

 

[totalburnout]

If anything if they want you to pay, they should put you on their policy and pay what your insurance is otherwise you'll just have to spend far too much.

 

[totalburnout]

if u get in an accident on their policy u mess up their record.... and no ur parents aren't idiots... they r the 2 people that brought u into the world and sacraficed everything they had for u

...and to alleviate that problem, he can pay any cost in premiums that he causes. He'll still be paying for the insurance and it will still be cheaper for them. Its asinine to but a brand new young driver on their own policy, the policy is probably more expensive than the car.

 

[PaintMunky468]

Yeah, i agree. Im 16, just got my license a few months ago and im driven a 98' gs-t. If I wasnt on my dad's insurense as the secondary driver (paying through my dad) I would never have money to put gas into that thing! And no we r not richand I am not spoiled, I am paying for half of the car and insurense, and parts

 

[halik008]

it's called personal repsonsibility.....

You want to play, you got to pay.....

Actually u will still enjoy many of the beneftis since you will use the address of you parents house, so you will get lot of discounts....

Not only insuring your car under thier name is dangerous when u get in accident since it will raise thier rates for ur #### ups, it's also illegal.....

If YOU are the primary of the vehicle, the policy is legally to be under YOUR name...

halik

 

[ArticNemesis]

Exactly, why should they have to pay when you get tickets or get in accidents.. This way they can say, ohwell, guess you are going to slow down or you are going to pay for it..

It's pretty smart, that way it holds you responsible for your actions.

 

[96whgsx]

Well one reason as to why they want you to get your own plan is liability. If your parents own homes and you get in an accident, killing somebody, they can sue you for some rediculous amount and your parents will be forced to sell their possessions. If you stay on a separate plan and get in an expensive accident, you pay a certain amout of your paycheck to the victims. This is what my parents told me but they did allow me to be a part of their plan with something like a $1,000,000 spending cap that the insurance will spend if you get in an accident.

You should talk to them and try and convince them that you will pay the difference of the rate.

 

[Defiant]

Apparently it can be hereditary.

Have you asked them?

 

[totalburnout]

Exactly, why should they have to pay when you get tickets or get in accidents.. This way they can say, ohwell, guess you are going to slow down or you are going to pay for it..

It's pretty smart, that way it holds you responsible for your actions.

Its pretty stupid because they can make their son pay for any raises in premium on their insurance and he'll still be paying his own insurance and still be paying less.


Also, he can be listed as a primary/secondary driver of his car on THEIR policy, LEGALLY.

 

[boostaddictgsx]

If i was on my own policy with my GSX when i had it, i would have been forking over like 1000-1100 every 6 months for full coverage, but under my parents policy , i only had to pay like 662-ish for FULL COVERAGE!!!

it just makes sense, it saves money

 

[mntalon_05]

I'm 17 and my parents agreed to pay for my insurance while i'm still in school, because they know that if I had to pay insurance on top of gas, I'd have to get a second job and my grades would suffer, and trust me, they can't get much worse. My family is by no means rich, but we manage by having the family van with full coverage on it, an 83 omni with minimum, a 78 horizon with minimum. When we put insurance on the talon, it comes off the 78. We did the same thing when I owned my breeze. If one of the cars breaks down, we've got an extra that way and all we gotta do is call the insurance co. and put it back on one of the beaters. Not sure what they're gonna do when my sister turns 16, haha.

 

[FusionTalon]

i dont know what halik smoked but its gota something good casue it is legal to be on ur parents plan

U gota beg ur parents to get u on thier plan, my parents agreed to pay for my insurance for a bit n im on thier plan n they pay 700, i were to be on my own plan i d pay 1700-2000, cause the car is considered a sporty coupe, insurance companies hate the sporty part which usually equals to a teenage speeding ..the whole 9 just get ur self on ur parents plan n ur all set

 

[Just Nasty]

Being on your parents plan, yet still paying for insurance out your own pocket, won't make someone spoiled, or less responsible.

 

[halik008]

i dont know what halik smoked but its gota something good casue it is legal to be on ur parents plan

NOT if the insurance is under his PARENTS name, thus THEM being the OFFICIAL PRIMARY driver, and HIM being the actual PRIMARY driver.......

AS long as YOU are the PRIMARY driver of the vehicle, LEGALLY the policy HAVE to be under yuor name.....

People do this so often.....but it's still illegal....

halik

 

[psychlow]

NOT if the insurance is under his PARENTS name, thus THEM being the OFFICIAL PRIMARY driver, and HIM being the actual PRIMARY driver.......

AS long as YOU are the PRIMARY driver of the vehicle, LEGALLY the policy HAVE to be under yuor name.....

People do this so often.....but it's still illegal....

halik

No, no, no.

Who owns the policy has nothing to do with this. His parents can own the policy all they want and list him as a covered driver and his vehicle as a covered vehicle.

If they state that they will be the principle operator of the vehicle when he actually is, that's against the rules of the policy (and is probably illegal).

If they state that he is the principle operator of his vehicle, it is properly rated.

Who owns the policy is irrelevant, as long as he lives in their household.

 

[halik008]

No, no, no.

Who owns the policy has nothing to do with this. His parents can own the policy all they want and list him as a covered driver and his vehicle as a covered vehicle.

If they state that they will be the principle operator of the vehicle when he actually is, that's against the rules of the policy (and is probably illegal).

If they state that he is the principle operator of his vehicle, it is properly rated.

Who owns the policy is irrelevant, as long as he lives in their household.

In that case it will be no different then the policy being under his name and his parents address.....

The only way he can get the huge break is if the policy states that the parents are the primary driver.......which is illegal and might lead to the insurace carrier dropping his whole family.

If they say he's the primary driver....the amount will not differ any then it being under his name......

halik

 

[PaintMunky468]

Ok, Halik your wrong...I am 16 (as stated above) and I can by no means offord my own insurrense. My dad is ex-military and uses Geico, which means his rates are way low! Now on my old 98' eclipse rs, I was listed as the secondary driver. I sat there while my dad said he was the primary driver, and that I will drive it on occacion. Now only about 2 months after I got the car insurred, I crashed it. A new audi cut me off when trying to make an illegal u-turn from the right lane. Now even though I was the secondary driver on the policy, and I was the only one to ever drive the car, insurrense never even mentioned anythng about it. As a matter of fact, I was paid up from insurrense with minimal questioning. I just got my 98' eclipse gs-t and guess wut? I am again the secondary driver, and the accident did not raise the insurrense a large amount ( mostly due to the fact that it wasnt my fault). However, to make this easy, his parents could simply make a deal that if he crashes, he pays them to make up for the raised insurrense.

 

[Catbox_95]

insurrense = insurance

He may not be able to spell, but he is correct.

 

[totalburnout]

In that case it will be no different then the policy being under his name and his parents address.....

The only way he can get the huge break is if the policy states that the parents are the primary driver.......which is illegal and might lead to the insurace carrier dropping his whole family.

If they say he's the primary driver....the amount will not differ any then it being under his name......

halik

It is different.

They own the policy so its less.

My policy would have litterally quadroopled had I been listed on my own policy. My parents did it with both of their kids and talked to the insurance adjusters and agents all the while. Its perfectally legally, please don't spread misinformation.

 

[ran-o-matic]

Many insurance companies require parents to cover their children when they reach driving age.

 

[asexton6969]

I have a couple things to say. Its stupid to put a new driver on his/her own policy. Its gonna cost the kid so much money and instead of worrying about his grades, he or she is gonna worry about MONEY. If a kid is under their own insurance and they get in an accident. The kid's parents are gonna get sued. They are his legal guardians. Parents are responsible for their kid's actions. If you are twelve and you throw a rock that breaks a window. The twelve year old is not gonna get sued. His parents will. It's perfectly legal to put a kid as secondary driver even if he is the primary. My parent's insurance company suggested they do that in order to keep insurance cheaper for me and them. I pay them every time the bill comes. Its completely fair. My father even helped me get my car becuz he knows how much i love dsm's. Its pathetic considering my parents are not POOR but they are at the bottom of the middle class. Thats why i love my parents. They would do anything to make my sisters and i happy. That is why I will repay my parents when i get older and start my career. My dad loves fishing, so when i get a great job in the future im gonna buy my father a brand new fishing boat. Come on people, our parents bend over backwards for us, they deserve our gratitude. O and Dsm's are not sports cars, they are passenger cars...says so on the inside of the door.

 

[ArticNemesis]

. I sat there while my dad said he was the primary driver, and that I will drive it on occacion.

And while you are the primary driver, it could be considered insurance fraud. (It's hard for the insurance company to prove it, but keep reading)

Now only about 2 months after I got the car insurred, I crashed it. A new audi cut me off when trying to make an illegal u-turn from the right lane. Now even though I was the secondary driver on the policy, and I was the only one to ever drive the car, insurrense never even mentioned anythng about it. As a matter of fact, I was paid up from insurrense with minimal questioning. I just got my 98' eclipse gs-t and guess wut? I am again the secondary driver, and the accident did not raise the insurrense a large amount ( mostly due to the fact that it wasnt my fault). However, to make this easy, his parents could simply make a deal that if he crashes, he pays them to make up for the raised insurrense.

Hmm, so that's one wreck with you driving. Chalk up another one, or rack up a couple of tickets, and that is more time that you've driven the car that the insurance company knows about. (This is all a what-if situation, so don't blow up!) So now you've got accidents and tickets for this car that the insurance company is keeping notes on.

Of course, the insurance company won't say anything to you. They just make note of it, and then the one time you will really need your insurance to cover you, they will deny your claim on the account of insurance fraud.

I've seen it happen before, so don't tell me it can't.

And then there is the fact that while you are on your parents insurance policy so that "you won't have to worry about your grades". It doesn't quite add up.. You still can't spell worth a damn. :laugh: :laugh: :laugh: