I have a 16 year old step son who is anxious to learn how to drive. Before I put him behind the wheel and add him to our policy, I want to gather some facts on how doing so will affect our (my husband & my) clean records. Will his low gpa (grade point average) be a reflection on the policy as a whole? How will any violations he has impact our records and credit ratings? My husband and I are planning on building a house in a year or so and would like to know specifically what kind of risks we are assuming - insurance rating, credit rating and otherwise - so that we don't jeopardize are own hard work because of his negligence! Thanks!
2007-02-21 05:20:39 · 5 answers · asked by twofish 1 in Cars & Transportation ➔ Insurance & Registration
ok as far as his low gpa that is what some insurance companies use to give students a discount(high gpa).if he has an accident it will not affect your or your husbands personal driving recors but will affect the cost of your insurance as long as he is in the household(raise it). also by just putting him on it it will raise as he is an inexperinced driver and assigned to the high risk section of the insurance policy.your credit wont be affected as long as you make allthe payments on time.the violations will only go on his license but they will affect your policy(insurance) as long as he is in the household and has access to the vehicle.it is always a gamble to put teens on you r insurance but most cannoyt afford it on their own.your policy will go up.
2007-02-21 05:30:12 · answer #1 · answered by Anonymous · 0⤊ 0⤋
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2016-09-25 19:57:04 · answer #2 · answered by Elise 3 · 0⤊ 0⤋
Yes, all those things you stated will come into play. If he had a good g.p.a. they get a credit, boys always pay more than girls until they are 25 and married. His violations can come into play if there were a wreck,most states take licenses of teens away within the first six months if they get one ticket. States are getting stricter about teen drivers and have come up with some great laws that ire the teens,but protect them overall. One is that a teen cannot have other teens in the car with them, they have to have a legal age driver only. When my twins turned sixteen I thought of their excitement,and all the freedom that meant,how much I loved to get into my mom's 68Mustang and cruising. When the insurance agent told me how much it was gonna put me in debt, I thought there's no way! My rates quadrupled! I have one boy,one girl,average students,son had several tickets before 18. I was paying something like $1875 a month after adding the kids, whew, I'm glad those days are gone. Good luck, I know you'll want him to experience all those fun things driving offers.
2007-02-21 14:21:29 · answer #3 · answered by fisherwoman 6 · 0⤊ 0⤋
Don' t do it. For one he is to young. Wait until he is 18. Your rates are going to go way up. If they even accept him.Yes you will be on the losing end of everything he does. Is he even working?? If not how is he going to support the car,gas and insurance. And for that matter what does a 16 year old need with a car in the first place, If is grades are that low it seems to me he should be spending any extra time he has on school,not joyriding.
2007-02-21 05:29:30 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I am a parent of a 16 year old in Ohio. I cannot answer all of your questions, but what I do know involves his grades. There is no penalty for poor grades, only a benefit (in the form of a discounted premium, my agent said 10%) for a GPA of 3.5 or better.
Perhaps your current auto insurance agent or a driving school instructor (driving school is required for drivers under 18) could answer the questions for you.
2007-02-21 05:30:34 · answer #5 · answered by not yet 7 · 0⤊ 0⤋