2006-10-26 21:06:45 · 10 answers · asked by d jmagicjack 1 in Business & Finance ➔ Insurance
it depends on a lot of factors. does he own his own auto or drive yours? if he drives yours, some companies will let you list him as an occassional driver instead of a primary. the other option is to do his own policy, and thats just a matter of shopping around for the best rates. gmac is my best place to put a young driver at this time.
2006-10-27 01:41:55 · answer #1 · answered by Queen B 6 · 0⤊ 0⤋
Cheap insurance will be very difficult to do. What you can do is try to get the cost down as far as possible. Make sure your son has done a recognized driver's education course. Also ensure that he's done a defensive driving course. Does your son attend college? If his grades are high enough, he could qualify for a discount. Sometimes clubs or associations offer better-priced insurance to their members. Look at your own memberships and any memberships that your son has to see if this applies. The trick here is to look for every discount you can get. Other answers have rightly pointed out that usually your best bet is if your son is driving a car that you own, and you can list him on your insurance as an "occasional" or "secondary" driver. This will also allow your son to get cheaper insurance once he is on his own, as he will have an insurance track record. Also, more than one vehicle on an insurance policy will often qualify for a multi-vehicle discount.
2006-10-27 02:38:48 · answer #2 · answered by MoniqueLise 3 · 0⤊ 0⤋
You don't. Well, the BEST way is to have him driving a car that's 10 years old, the second best is to not have full coverage. Just liability is going to cost a ton.
I'm assuming that he's driving a new or nearly new car. That's a MAJOR mistake, I've told hundreds of clients that, but they never believe me. Anyway, if he is, make sure you buy GAP coverage. He WILL total the car, and you WILL be upside down on it. 20 year olds who drive new cars ALWAYS total them, and are ALWAYS upside down - ie, the book value of the car (what the insurance pays) is WAY less than what you owe on it.
2006-10-27 01:53:30 · answer #3 · answered by Anonymous 7 · 0⤊ 0⤋
If he lives with you, the cheapest thing you can do it to add it to your policy. That way you can get a multi car discount and possibly other discounts that you may be getting on your policy. Take a higher deductible, but don't make it so high that you can't get the car fixed if something happens. If he is a student, make him get a b average for a semester. As a GENERAL rules of thumb, american is cheaper than foreign, 4 dr is cheaper than 2 dr and 2WD is cheaper than 4WD. American made trucks cheaper than foreign makes. Again, this is a generalization and may not be in every case. Get a quote from your agent BEFORE buying him a car.
2006-10-27 03:08:42 · answer #4 · answered by mei-lin 5 · 0⤊ 0⤋
It's not totally impossible but you want to do some research,when it comes to a 20 yr old usually their best rate is on your own policy as long as they are in school, there are good student discounts available with a 3.0 GPA also some companies give discounts for driver improvement or training courses, others offer corporate and organizational sponsorship discounts like fraternities, honor societies, professional affiliations and alumni discounts.
2006-10-27 13:38:30 · answer #5 · answered by Tunka 2 · 0⤊ 0⤋
Each insurance company calculates rates differently. Obviously safety/security features on the automobile and any drivers safety courses will serve to reduce his premiums, but other than that, there is no definite answer.
Some companies may rely heavily on driving history, whereas some may rely more heavily on age or credit history.
The best solution is simply to shop around. Quotes are free, and you'll be able to find the company that provides the lowest rate based on his particular circumstances.
2006-10-27 03:47:27 · answer #6 · answered by Dave 2 · 0⤊ 0⤋
A 20 year old is not a boy, is a man, should learn responsibility on his own. These "men" thesedays have too many mommies who enable them, no offense, but really- let him go and learn about life. If he will take a drivers course, like a safe driver program through your OMV, his insurance will go down about 20% and if he still lives with you, and it sounds like he does, then put him on your insurance policy and it will be cheaper than on his own. I have a son who is only 3, but I am raising him without my ex's help on my own b/c his mommy never taught him how to do things on his own, she always enabled him, that's why I get a bit spastic when it comes to you mommies providing for and doing for these "men" you call boys. I will pray for you - then pray for myself that I may teach my son to be on his own by the time he is 18 so I will not be a hypocrite and eat my own words!
2006-10-30 13:09:51 · answer #7 · answered by Stefani 2 · 0⤊ 0⤋
State Farm can have low rates for young man. If you are in school (college too)with a 3.0 or better, they can save you 10% if you are not married and have no children that is another 5%. If you make less than $500 a month that is another 8%. (in Michigan)
2006-10-27 12:44:09 · answer #8 · answered by daisyw1980 1 · 0⤊ 0⤋
I had my kids on my insurance until they started to get settled in life, age 20. Ask your agent if your son can get a "spin-off" from your policy. Nationwide does that.
2006-10-26 21:10:23 · answer #9 · answered by mabell1025 3 · 0⤊ 0⤋
That's a joke.........right?
2006-10-26 21:09:22 · answer #10 · answered by MC 7 · 0⤊ 0⤋