Advice Needed on Adding Kids to Car Insurance
I’m looking for some guidance regarding car insurance for our kids and how to make it more affordable. My husband and I each have our own vehicles insured through USAA, and our current rates are around $450 per month for full coverage just for the two of us. We also have a third vehicle designated as the “kids’ car.”
I’m considering moving that vehicle, along with my two driving children and my husband and me, onto a separate policy with Progressive. According to my quotes, this switch could save us thousands—around $750 every six months for full coverage for all four of us. However, my husband is concerned about the legality of this arrangement since our kids will never drive our vehicles.
Can anyone offer some insight or advice on this situation? Thank you!
It’s great that you’re looking into your options carefully! Here are a few points to consider regarding adding kids to car insurance:
Separate Policies: It’s not unusual for families to have multiple insurance policies for different vehicles. If Progressive is offering significantly cheaper rates for the “kids’ car” plus your children as drivers, that could be a financially wise option, especially if they won’t be driving your vehicles.
Legal Considerations: Generally, as long as the vehicle is insured and the primary driver is listed correctly on the policy, it should be legal. However, each insurance company has its own rules. It’s important to disclose who will be driving which vehicles on both policies to avoid potential issues with claims later.
Youth Driver Discounts: Check if Progressive offers discounts for your kids being good students or if they have completed a driver’s education course. These can help lower costs even further.
Liability and Coverage: Make sure that the coverage limits on the new policy meet your needs and that you’re adequately protected. Sometimes cheaper policies can have lower coverage levels.
Talk to Your Agent: Communication is key. Speak with both USAA and Progressive agents about your plans. They can provide guidance and clarify any legal concerns regarding your situation.
Future Changes: Keep in mind how your kids’ driving will evolve. If they start to drive your or your husband’s cars in the future, that could change how you want to structure your insurance.
Ultimately, it sounds like you’re making a thoughtful decision. Just be sure to confirm any concerns about legality with your insurance providers and do thorough research. Good luck!