Mine increased…but that is because the car was being garaged in a more urban area than ours. And was being driven more.
My increases were related to adding my kid to the policy/having a new driver on the policy.
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We faced a similar situation with our 19-year-old. Our car is also titled in our name and registered in our home state. We found that keeping our child on our existing policy was an option, but it required some adjustments to our coverage. It’s worth double-checking with Geico or even getting a second opinion from another insurance agent to see if there are other options available. Sometimes, staying on the parents’ policy can be less expensive, but it depends on the insurance company’s policies and the state regulations. Anyone else have experience with this?
We decided given “grey” area for students according to Geico customer service and state requirement to insure car in the state it registered at, that we keep all as is and make a student active driver.
There is nothing else can be done anyway.
I am not transferring title and reregister car to campus address…
Re-upping your insurance is a good opportunity to sit down with your kid and review “Mom and Dad’s insurance policy”. Nobody drives the car when intoxicated- nobody. Nobody drives the car with a minor in it unless it’s your kid with her 10 year old cousin who she’s dropping off at a gymnastics tournament as a favor to her aunt and uncle. Etc.
My kids did not have cars in college (or for many years after- until they could afford the car, insurance, maintenance, etc.) But I’ve heard stories of how the “communal car” (i.e. the car owned by the kid down the hall) was used and I wonder how the parents would have reacted knowing what was going on. Kid meets a HS girl at a college party… girl is too young to drive, so the “communal car” is the only way they can meet up/date/hook up. A gang of kids takes the car on a 200 mile each way trip every weekend- waterpark, beach, party at another college, etc.
We all trust our own kids. But letting them know the “terms and conditions” of automobile use on campus is a prudent thing to do. It lets your kid say to a friend, “I’m sorry, I can’t lend you the car. My insurance would get cancelled if the company found out that anyone besides me or my parents were driving the car and if the car was uninsured, it would end up parked in my family’s driveway until I graduate and get a job”. Or whatever. Do your kid a favor!
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