I dont believe that it is the responsibility of the insurance company to police my sons actions in reference to his living location and or licence status.
2006-10-19 16:04:57 · 7 answers · asked by el_monarca1108 1 in Cars & Transportation ➔ Insurance & Registration
Unfortunately the companies know that if a kid takes a car to college there is less adult supervision and an increased risk of an accident.
That is the basis they use to justify their right to know the status of a driver living away from home. If he didn't take a car to college, make certain the insurance company is not charging you a premium for that higher risk.
There may also be a good student discount you should ask for as well as a discount for having the house and cars with the same company.
2006-10-19 20:30:02 · answer #1 · answered by FAT CAT 4 · 0⤊ 0⤋
An insurance company evaluates information about a driver and a vehicle to determine whether or not they will actually offer coverage and or what the premiums will be that they will charge.
If a driver has a suspended license in some states, they will not be offered insurance coverage. The location where a vehicle is kept is also a "rating factor" used to help determine how much premium should be charged. If you say that they vehicle is being kept in a rural area, but it is being kept in a busy college town where it is more likely to be in an accident, then the insurance company is not able to properly assess their risk.
It really just sounds like you've had some recent changes and you don't like the cost involved so you don't want to tell the truth, hoping to save some money.
The main thing to remember is that if you misrepresent information regarding the vehicle's location, you could cause any claims to be denied.
A humorous source for helping you understand risk would be the movie "Along Came Polly."
2006-10-20 03:34:52 · answer #2 · answered by purplepinkanddots 3 · 0⤊ 0⤋
Now, let's be logical here. If you represent to the insurance company information that will affect your rate, such as having good grades for a discount, or the fact that he is living somewhere which might be a lower rate and has the vehicle with him, you better be able to prove it or you're committing insurance fraud. I don't think they're asking you whethere he's in bed by 10, they don't care about that. However, other things that have to do with the policy rate they do care about and have a right to know.
2006-10-20 06:59:47 · answer #3 · answered by Chris 5 · 0⤊ 0⤋
No, it's not the "responsibility" of the insurance company, I would call it the business sense of that company. I would also check the policy that your son agreed to for coverage. It states there somewhere that address and license information must be updated by the policy holder.
2006-10-19 23:32:56 · answer #4 · answered by sfcjcl 5 · 0⤊ 0⤋
Yes, it's legal. It's all based on statistics, and let's face it, a college
aged male living away from home is a risky profile as far as the insurance company is concerned. Do you know that many company's also consider your credit score when determining rates as well?
2006-10-19 23:17:09 · answer #5 · answered by kstrucker69 2 · 0⤊ 0⤋
And what gives you the idea that it's not up to the insurance company to make sure that your son -- covered by their insurance -- is properly licensed?
2006-10-20 03:33:32 · answer #6 · answered by Bostonian In MO 7 · 0⤊ 0⤋
If they're insuring him, then they have the RIGHT to police his license status! If you don't want them involved, just exclude him for all coverage under your policy, and they'll back off.
2006-10-20 09:24:27 · answer #7 · answered by Anonymous 7 · 0⤊ 0⤋