My son is 18 & getting his own car insurance policy with a company that is different then ours. I called my insurance company and told them I wanted my son off my insurance, they told me they need the company name & policy number that he is changing to. Do they have a right to know this information?
2007-06-20 04:23:03 · 11 answers · asked by Bobbie 1 in Cars & Transportation ➔ Insurance & Registration
Yes they can. They only do it with youthful drivers and they are protecting themselves against liars that will just call and say that to stop paying the premium for the child. Even though your son will have his own policy, as long as he lives in your house he is covered under your policy. They are just making sure you are being honest. I know it is hard to imagine that there are dishonest people in this world.
There is a ACCORD form that most companies use now. The new company should have you sign it and they should send it to the old company for you.
2007-06-20 06:49:05 · answer #1 · answered by PJ 5 · 2⤊ 0⤋
Usually when a driver is under the age of 25 the insurance company that you are with will ask for some information. If they are out of the household they will ask for the new address and phone #, if the young driver has other insurance they will probably ask for the new insurance company name, policy #, and effective date. The insurance companies do this to make sure that you aren't just taking the young driver off to lower your premium.
2007-06-20 07:51:43 · answer #2 · answered by mandymay 2 · 2⤊ 0⤋
You will need to call your insurance company. They will need the make model and VIN number of the new vehicle and will need a receipt from the DMV when you turn in your old tags. If you are buying the new car from a dealer, they should help you take care of all this. If not, call your Insurance company and make sure you have everything they need. If they have a website, it will probably have info there.
2016-04-01 07:44:37 · answer #3 · answered by Sandra 4 · 0⤊ 0⤋
Depending on the state or country you are in, there are laws requiring that insurance companies report to the DMV anytime a person cancels a policy. This usually just applies to states where mandatory insurance is the law. If that is the case, then they are just trying to protect their own butts by making sure he does, in fact, have new insurance. Hope that helps you.
2007-06-20 04:34:59 · answer #4 · answered by ? 5 · 4⤊ 0⤋
If your son is living at home, they will be asking for the information for their records. Any time a company is asked to remove a risk, they ask for proof of alternate coverage. No company wants to remove a risk from their records, then be sued and held responsible in court action. They are only protecting themselves. If you refuse to give them proof, they are likely to keep billing you until you do provide the proof. As a broker myself, I can tell you I have provided proof of coverage to other brokers, agents, and companies.
2007-06-20 10:04:10 · answer #5 · answered by Fred C 7 · 0⤊ 0⤋
From what I know, only the new company should ask for Prior insurance, so you can get a discount. But I never heard of the old insurance compnay requiring that you give them information on your new insurance company.
2007-06-20 04:45:56 · answer #6 · answered by Anonymous · 0⤊ 2⤋
the new company should be the ones to call the old company if information is needed between the two companies. and all you should have to tell the old company is that you are cancelling the policy.
2007-06-20 04:32:08 · answer #7 · answered by jen 3 · 1⤊ 2⤋
sure they do otherwise they can report them as having no insurance and their license will get suspended. I learned the hard way and Geico did it to me, Rat Bastards!
2007-06-23 11:52:51 · answer #8 · answered by cheri h 7 · 0⤊ 0⤋
I have never given them the new insurace information when I changed. That is weird that they would ask....
2007-06-20 04:26:36 · answer #9 · answered by Anonymous · 0⤊ 2⤋
no
2007-06-20 04:26:00 · answer #10 · answered by Anonymous · 0⤊ 3⤋