Insurance Question - new driver

JohnE · 05-23-2020, 09:13 PM

My kids are turning 16 soon. I own an SS and a Honda S2000. Are there ways of mitigating insurance rates by disallowing them the use of these vehicles? First kid wants to get his learners permit in the next 6 months.

I'm assuming that if they are eligible drivers, the rates would go through the roof. Thanks for any advice.

supersportss · 05-23-2020, 09:20 PM

You're gonna get bent over.

thehartfive · 05-23-2020, 09:31 PM

Yes, I went through Grundy insurance & by clicking nobody under 25 will be driving it , the rates dropped

CamaroBody · 05-23-2020, 10:11 PM

buy a smart car and make it your primary

.

mikeman · 05-23-2020, 10:20 PM

If they live in the same household as you, your rates will be higher even if you don't have them listed as the primary drivers.

JohnE · 05-23-2020, 10:37 PM

Thanks. I have 2 minivans as well. Was going to sell one and buy some sort of stodgy 4 door that would be cheap to insure. Also wondering if maybe I can title the sports cars in a relatives name with me as a named insured. Would this work?

2SS Capt · 05-23-2020, 10:49 PM

I have 2 daughters, 16 and 20, both are insured to drive my 2020 2SS (however, they don't know that), there was no way to take them off of that car... (Farmers Insurance)...

JohnE · 05-24-2020, 12:19 AM

Quote:

Originally Posted by 2SS Capt

I have 2 daughters, 16 and 20, both are insured to drive my 2020 2SS (however, they don't know that), there was no way to take them off of that car... (Farmers Insurance)...

Thanks. Can I ask how much more per month you pay? Also, I assume girls are still cheaper to insure than boys?

Grumpy1 · 05-24-2020, 12:35 AM

You can exclude certain members of the (family) household from driving a particular car which will lower the rate. Basically you're signing a document stating that person won't drive it.
Just remember if one of those that are excluded drives the vehicle and gets in an accident you'll have no coverage no matter fault.

2SS Capt · 05-24-2020, 12:41 AM

Quote:

Originally Posted by JohnE

Thanks. Can I ask how much more per month you pay? Also, I assume girls are still cheaper to insure than boys?

Doh, honestly my wife pays all the bills, so I really don't know... I currently have 5 cars for 4 drivers...

2007 Hyundai Santa Fe (my 16 year old is the primary)
2012 Hyundai Sonata SE (My DD, I am the primary driver)
2016 Hyundai Sonata Sport (My wife is the primary driver)
2019 Hyundai Elantra Value Edition (My 20 year old daughter is the primary driver)
2020 Camaro 2SS (I am the primary driver (52 years old)

Yes, if Hyundai made a Camaro I would have bought it... The Hyundai's have been absolutely great, low maintenance, extremely durable and low maintenance and very low parts cost and easy to work on with a fantastic warranty...

My 2007 Santa Fe with 140k miles still burns less than 1/4 qt between oil changes... I had a 2002 Dodge Grand Caravan that went through nearly 5 qts between 3k oil changes (at 70k miles)... I will NEVER buy a Chrysler/Dodge product ever again... I was extremely leary the first time and should have known better...

dpevans · 05-24-2020, 07:46 AM

Why in the world would you let a first time driver in a SS. Buy a beater. But Dad I was only showing my friends what it would do.

Herewego · 05-24-2020, 10:08 AM

Quote:

Originally Posted by 2SS Capt

I have 2 daughters, 16 and 20, both are insured to drive my 2020 2SS (however, they don't know that), there was no way to take them off of that car... (Farmers Insurance)...

This, and yes you will get bent over. when I bought mine I had a 19 year old college student and it basically doubled my premium. It was a third vehicle at the time so he had to be a primary driver on one of them, which we put him on the beater.

Depending on your insurance company, you may be able to exclude them.

LT4Greg · 05-24-2020, 10:30 AM

Check with your insurance company about the rates and even shop around with other insurance companies to find the best rates that you and the family can afford.��

6sigma · 05-24-2020, 10:53 AM

I have a 17 and 18 year old (boy and girl) in the household. 4 cars and 4 licensed drivers in the household. When my son (younger one) turned 16 I had a newer 911 and a Camaro V6 in the fleet. My initial quote went up $500/month on top of what I was paying, because they defaulted my son on the 911 (most expensive vehicle). After some discussion we got that fixed! I no longer have the 911, but now have a LT1 which is classified as an SS according to insurance. I pay around $4000/year for all 4 drivers covered on all 4 cars. This is with Liberty Mutual and zero tickets or accidents by anyone. I am pleasantly surprised with those rates considering two teenagers and an SS on the policy.

I see you are in Chicago. I am sure that won't make it any cheaper. I suggest talking to your insurance company and see what the best configuration might be. If they won't work with you then shop around - it is definitely worth it. I did and changed insurance companies and it saved $1500/year. My previous insurance company couldn't match the rates.

05-23-2020, 09:13 PM	#1
JohnE Drives: 2016 Camaro SS / 1SS Join Date: Nov 2016 Location: Chicago Posts: 66	Insurance Question - new driver My kids are turning 16 soon. I own an SS and a Honda S2000. Are there ways of mitigating insurance rates by disallowing them the use of these vehicles? First kid wants to get his learners permit in the next 6 months. I'm assuming that if they are eligible drivers, the rates would go through the roof. Thanks for any advice.

05-23-2020, 10:11 PM	#4
CamaroBody Drives: Hyper Blue 2SS Join Date: Jun 2013 Location: CA Posts: 1,160	buy a smart car and make it your primary . __________________ 2SS, Hyper Blue, 8-Speed Automatic, NPP Exhaust, Magnetic Ride Control, Sunroof, Navigation, 5-Spoke Low-Gloss Black Wheels, Black Bowtie Emblems, Cargo Mat/Net Mods: XPEL - Hood, Bumper, Headlights, & Side Mirrors JWM - Side Markers ZL1 Addons - Deluxe Rock Guards & Red Lift Pads GM - Dark Tail Lamps MRR - Gloss Black M017s

05-23-2020, 10:49 PM	#7
2SS Capt 2020 Shadow Gray 2SS Drives: 2020 2SS - A10, NPP, MRC, CAI Join Date: Dec 2019 Location: SoCal Posts: 3,026	I have 2 daughters, 16 and 20, both are insured to drive my 2020 2SS (however, they don't know that), there was no way to take them off of that car... (Farmers Insurance)... __________________ 2020 SGM 2SS - A10, NPP, MRC, Red Calipers, Black Camaro Fender Badge, Footwell Lighting *Added after delivery:* - GMP CAI, GMP Black Strut Tower Brace, MRR017 1LE Wheels, SS Armrest, Black Fuel Door, Stainless Sport Pedals, SS Wheel Caps, Black Lugs/Locks, GM Splash Guards, DD Smoked LED Markers, Smoked Rear Reflectors, Mishimoto Catch Can, Xpel PPF - Full Front, SunTek 35% Tint, CeramicPro coating, RST Stainless Brake Lines, Castrol SRF, MSD Super Conductor Wires *Left: My "fun" ride. Right: My "work" ride: a Gulfstream G600. One's top speed is 180 Mph, the other, 620 Mph...*

05-24-2020, 10:30 AM	#13
LT4Greg Drives: 2017 Camaro ZL1 Coupe Join Date: May 2016 Location: Georgia Posts: 5,813	Check with your insurance company about the rates and even shop around with other insurance companies to find the best rates that you and the family can afford.�� __________________ ZL1 Coupe, PDR, Exposed carbon fiber hood insert, My Link with Nav, M6 6 speed and Silver Ice Metallic. Mods done: ceramic window tint, GM Accessories Camaro floor mats and Roto-Fab CAI.

05-23-2020, 09:20 PM	#2
supersportss Drives: 2019 SS Join Date: Apr 2020 Location: North Texas Posts: 259	You're gonna get bent over.

05-23-2020, 09:31 PM	#3
thehartfive Drives: 2016 Camaro 2SS SILVER ICE METALLIC Join Date: Oct 2016 Location: Michigan Posts: 123 View My Garage	Yes, I went through Grundy insurance & by clicking nobody under 25 will be driving it , the rates dropped

05-23-2020, 10:20 PM	#5
mikeman Banned Drives: 2015 Camaro Join Date: Aug 2018 Location: My Garage Posts: 1,125	If they live in the same household as you, your rates will be higher even if you don't have them listed as the primary drivers.

05-23-2020, 10:37 PM	#6
JohnE Drives: 2016 Camaro SS / 1SS Join Date: Nov 2016 Location: Chicago Posts: 66	Thanks. I have 2 minivans as well. Was going to sell one and buy some sort of stodgy 4 door that would be cheap to insure. Also wondering if maybe I can title the sports cars in a relatives name with me as a named insured. Would this work?

05-24-2020, 12:35 AM	#9
Grumpy1 Drives: 2018 ZL1 Hyper Blue A10 Join Date: Jan 2018 Location: Covington LA Posts: 646	You can exclude certain members of the (family) household from driving a particular car which will lower the rate. Basically you're signing a document stating that person won't drive it. Just remember if one of those that are excluded drives the vehicle and gets in an accident you'll have no coverage no matter fault.

05-24-2020, 07:46 AM	#11
dpevans Drives: 2024 Riverside Blue 2SS 1LE Join Date: Mar 2016 Location: Fort Wayne, IN Posts: 1,208	Why in the world would you let a first time driver in a SS. Buy a beater. But Dad I was only showing my friends what it would do.

05-24-2020, 10:53 AM	#14
6sigma Drives: rally green LT1 manual Join Date: Jul 2018 Location: Indiana Posts: 282	I have a 17 and 18 year old (boy and girl) in the household. 4 cars and 4 licensed drivers in the household. When my son (younger one) turned 16 I had a newer 911 and a Camaro V6 in the fleet. My initial quote went up $500/month on top of what I was paying, because they defaulted my son on the 911 (most expensive vehicle). After some discussion we got that fixed! I no longer have the 911, but now have a LT1 which is classified as an SS according to insurance. I pay around $4000/year for all 4 drivers covered on all 4 cars. This is with Liberty Mutual and zero tickets or accidents by anyone. I am pleasantly surprised with those rates considering two teenagers and an SS on the policy. I see you are in Chicago. I am sure that won't make it any cheaper. I suggest talking to your insurance company and see what the best configuration might be. If they won't work with you then shop around - it is definitely worth it. I did and changed insurance companies and it saved $1500/year. My previous insurance company couldn't match the rates.

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