Talk to your agent. Our policy had an option for this that essentially recognized that the kid would only have access to our cars 4 months of the year, so we got a big premium deduction. We had to submit a grade report as proof that he wasn’t at home, but this also qualified him for a good student discount.
DD is going 900 miles and will not be taking a car
My insurance company allowed me to remove my kids from the policy entirely when they were away at school. They were attending college in a distant state (opposite coast) which may have been a factor. My agent simply told me I would need to add them back on if they were ever home again for more than 30 days. My daughter never was, so once off the policy she never came back on.
Depending on what your insurance company allows or requires, this might be a good time to shop around for policies.
Amica only allowed us to remove S from auto insurance 2X a year back IN 2011. Not sure what policy is now, I would want to ensure if D rents/borrows/uses a friends car while away, that she is covered by our liability insurance. That is huge in my book. I am not worried about auto damage, but about potential lawsuits.
would want to ensure if D rents/borrows/uses a friends car while away, that she is covered by our liability insurance<<<<<<
It is not uncommon that under 25s are not insured to drive anyones car but those on the family insurance (other than work vehicles insured by employers etc). Do not assume your insurance would cover her in a friend's car, and rentals will have their own insurance premium for young drivers. Many students have cars under parental ownerships. I absolutely do not permit anyone other than my kids to drive our cars.
After shopping around it was cheaper for me to get my daughter her own policy. She has here own car and never drives my car.
My daughter was on our policy and we got the “away at school discount” which we later discovered was the same as her not being on the policy at all (it was dependent upon how many miles away she was) After she graduated and had a permanent out of state address and still no car, I removed her from our policy. She currently is not insured on any policy as she has no car and there is no “non-owner driver insurance” allowed in the state she lives in. At some point, she may move someplace where she needs a car and will get insurance at that time.
Our insurance company had an “away at school” discount that was $100 per year…for any kiddo attending college over 100 miles from home. Woohoo.
But get this…our kid was in the Peace Corps…in a third world country…no cars even permitted. No driving permitted,…plus our insurance wouldn’t cover there anyway. It took almost an act of God to get her removed from our policy for two years!
Insurance is on the CAR not the person. The premiums for the policy are calculated based on the primary driver(s), who else is licensed and lives in the residence of the primary driver (except for roommates, etc). If you want the student not to be on the car, the student can establish a permanent residence at college, get a state driver’s license in that state, register to vote, etc. Won’t change financial aid.
My kids who do not ever drive my car (manual transmission) are listed on my policy because it doesn’t cost much at all, and it does give them some additional coverage (I was told) if they drive someone else’s car who is under insured. I hope we never put that to the test. It is so inexpensive because they are students at schools more than 100 miles away.
I had another policy in another state and to have them on it was insanely expensive, so I took them off my policy, and they DID NOT DRIVE my car. Another person could drive as a ‘guest’ driver, no more than 12 times a year (like they’d know if this was #13?) but a guest couldn’t be someone whose primary residence was my house.
YMMV on what you posted above.
In my state, my kids cannot be taken off my policy as long as they reside here and have their licenses. No one really cares if they drive my cars or not. Clearly, my daughter in Africa was NOT going to be driving my car…and yet it took a HUGE fight with my insurance company to have her removed.
Also IIRC correctly, you have daughters…who are far less costly to insure than sons.
Same here. In NJ, the minute they get their license, they have to be on the policy. Can’t take them off till they permanently move out.
When S18 leaves in August, I think it will still be cheaper for us to list him as primary on the “kid” car than D20, who will be using it. Instead he’ll be listed as primary and she’ll get listed as occasional. By the time she leaves for school, S18 will take the car with him to school, so it won’t be an issue.
We got rid of the extra car when our oldest went to school and didn’t need one, so the primary drivers for two cars were just hubby and me. She was still listed on the policy and covered when she came home for visits as an occasional driver.