Ok... Stupid me, trying to be nice and help my younger brother out... I did a "what if" quote with my insurance company and since he lives in the same house, they automatically put him on my policy, and i'm gonna be raped as far as rates. I told them to remove him or I'll drop them. They refused, so Im shopping around.
If I leave this dump of a company, and go with another company, is there any way for this new company to find out from my old company that I have a brother in the house? Is there any way for this new company to find out (aside from me telling them- WHICH AINT GONNA HAPPEN)?
This time Im keeping my mouth shut... I learned the hard way.
2007-03-23 10:17:10 · 7 answers · asked by Anonymous in Business & Finance ➔ Insurance
Ok, some of these answers on here are right. There is a way for an insurance company to see drivers in a household, but it's not always correct. You do have the option to exclude him from your policy so that there would be no coverage should he drive your car. If he were to get his own insurance, some companies just want to see that he has it and then won't charge for him. But it might be cheaper to have him on with you if there are multiple cars in the household. If there is an old car that only needs liability coverage, his rate won't be so bad. He can be rated on the cheapest car. It is the insurance company's job to know all of the licensed drivers in the household. There are so many people out there who don't list the young drivers because of the rates, but then when there is an accident, they want it to be paid. This type of fraud is just one of the many reasons rates are so high. You can choose to not disclose him, but should he have an accident, they can still pay out on it, but then they will definitely rate him after that. Remember the registered owner of the car is responsible, so if anything should happen, it can come back on you and your assets are at risk.
2007-03-23 17:56:30 · answer #1 · answered by daniellet_212 2 · 0⤊ 0⤋
I assume you are talking about your auto insurance.
Insurance companies ask because they want to know if there are 16 year olds driving the car. 16 year olds are statistically more likely to have an accident then 30 year olds.
You can not tell them. However, I would strongly suggest that you never let your little brother drive your car if you tell them there are no drivers under 25 in the household. If he drives your car and gets in an accident with it, they will go back and look at your application where you told them there were no young drivers and they will deny your claim.
You will likely find the same thing at the rest of the "dumps" of insurance companies. I have never known one yet that doesn't ask about young drivers in the household.
The only way to get around it is to specifically exclude him from the insurance. As I said, if you don't tell them and he drives the car and has an accident, that is grounds for denying the claim.
2007-03-23 10:50:25 · answer #2 · answered by Faye H 6 · 1⤊ 0⤋
Yes. What they do, is run a couple reports on you. When they run your MVR report, it asks for tickets and accidents on you - and on EVERYONE that the mvr shows as living at your household, or HAVING lived at your household, for the past three years.
So all licensed drivers at your address WILL show up, along with any of their tickets or accidents.
On the slim chance that a new company doesn't run that report (and I don't know of ANY that don't), *if* your brother would be in an accident driving your car, they don't have to pay out. They don't pay for your car, they don't pay for any injuries your brother does to anyone else. YOU pay for all that. If you have a loan on your car, well, you could be paying for 5 years on a car that got totalled.
So it's not a smart idea.
You CAN, however, sometimes find a company who will EXCLUDE your brother from the policy - like Leader Infinity Insurance or Progressive. That means, you both acknowledge up front, there is no coverage, whatsoever, if he drives your car, for any reason. And you don't have to pay for him.
2007-03-23 10:59:55 · answer #3 · answered by Anonymous 7 · 1⤊ 0⤋
what you need to do when talking to these people is tell them that if they give you a good price in comparison to other places you've talked to that you have several friends looking to leave this company as well, and bottom line is that means a better profit margin for them in sales, but if they do find out just tell them that he's only @ you house for vacation. most companies will jump @ taking another companies patrons.
2007-03-23 10:26:05 · answer #4 · answered by mac227@sbcglobal.net 3 · 0⤊ 0⤋
Yes your new company can find out. Yes you will be cancelled for non-disclosure if you do not inform your new insurer, and then you'll see what sky-high rates really look like. So unless you really want to see what learning the hard way really looks like, I suggest you be up front and honest with the broker/agent who you deal with or will be dealing with. Talk with them, be honest and see what the two of you can work out. Lie and be dishonest and they will do nothing for you.
2007-03-23 13:24:28 · answer #5 · answered by Gambit 7 · 1⤊ 0⤋
No, there's no way that they will know your brother was listed as a driver on your other policy.
2007-03-23 12:59:49 · answer #6 · answered by Chris 5 · 0⤊ 1⤋
i dont know how they can just add someone with out your approval.
2007-03-23 10:26:35 · answer #7 · answered by Mustng0021 5 · 0⤊ 0⤋