I checked with GEICO when my D started driving 3 years ago. It was super expensive, even with a good student discount. My husband and I have no accidents and haven’t had a ticket since 1994. My husband lives 300 miles away, and insurance on his car and mine went up when D was added (also got a 2005 vehicle for D). Annoys me that insurance on his Ford Explorer registered 300 miles away almost doubled in price when D would never drive that huge vehicle. It would be nice to just be able to exempt her from his vehicle altogether, but insurance companies have you over a barrel. Should be illegal.
@busdriver11 Made the switch to Geico after 30 plus years w/ USAA. Both my teens are away at school (over 100 miles with no car) and the discount offered from USAA was negligible. Their rates were virtually the same as if they were home driving year round! I still maintain USAA homeowner policy & other services, but was shocked at the difference in auto rates. I’m glad I took the time to shop around.
I wonder if there are just certain geographic markets that GEICO does not want to be in? And certain lines of coverage? As I commented yesterday, GEICO offered tremendous savings on our car insurance but had terrible rates for the umbrella policy.
I checked GEICO out of curiosity during lunch break. I put one of the cars currently fully covered under our family policy and just the young driver under a separate GEICO policy with the same coverage. Result: exactly double premium under GEICO. At least it did not take 2 hours on the phone to find out, I did it online. We must be the area they don’t want to be in. Most insurance companies don’t want to insure our house either.
I’ve had GEICO for 30 years, the last few with D driving. Even with an accident (hitting a parked car) it was still lower than other rates I checked, even though so much more than when it was just me driving. I’ve priced it out, and a separate policy for her and her car would make if far more expensive.
We gifted the vehicles to the kids and bought policies for each of them when we shipped the cars over. The policy for H and me for max coverage for 3 cars is $1000/yr or less. For each of my kids, it is about $1k/yr. I prefer not to have anything they do affect our premiums and this is the way to do that.
For us, it’s much cheaper to have auto insurance at whatever policy limits are needed for the umbrella and then get umbrella coverage instead of getting higher auto limits.
We have urged S to get umbrella coverage, as he has assets and income to protect.