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Auto insurance for teenage son with accidents

kmoff77 1,839 334 August 16, 2016 at 08:59 AM in Finance (3)
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Last Edited by kmoff77 August 17, 2016 at 08:19 AM
My 18 year old son has been involved in 2 fender benders and we just received a letter from our insurance agency that we have to remove him from our plan within the month or we will be dropped. We have all of our automobile and home owners policy through the same company (Erie Insurance).

Does anyone recommend a company with your drivers? I am not sure where to start. THank you!

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#2
Probably going to have to go with your state's high risk insurance pool. It is called "MIAF" in Maryland. I doubt anyone will insure him.

Quote from dealgate View Post :
Probably going to have to go with your state's high risk insurance pool. It is called "MIAF" in Maryland. I doubt anyone will insure him.
FYI: You are probably looking at $500 plus per month for liability only for him and you may have specific riders on you and your husband's car that he is never allowed to drive it.
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Last edited by dealgate August 16, 2016 at 09:48 AM. Reason: Automerged Doublepost
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#3
Quote from dealgate View Post :
Probably going to have to go with your state's high risk insurance pool. It is called "MIAF" in Maryland. I doubt anyone will insure him.



FYI: You are probably looking at $500 plus per month for liability only for him and you may have specific riders on you and your husband's car that he is never allowed to drive it.
Thanks. They already told us that if we keep their insurance he won't be covered if he were to drive our cars.

$500 a month seems pretty absurd. I guess I should start shopping around now.
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#4
Quote from kmoff77 View Post :
$500 a month seems pretty absurd. I guess I should start shopping around now.
It is, but 18 year old males with a history of (I assume) at-fault accidents are a massive risk to any insurer.

Any chance you qualify for something like USAA?
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Quote from kmoff77 View Post :
Thanks. They already told us that if we keep their insurance he won't be covered if he were to drive our cars.

$500 a month seems pretty absurd. I guess I should start shopping around now.
In MD you would not have a choice. Once an insurance company drops you, you are black-balled and no insurance agency will pick you up. You are required to go through the state's high risk pool driving insurance fund. This happened to my sister when she first started driving and she was in MAIF (Maryland Auto Insurance Fund) for almost 2 years before she could get insurance with a regular carrier again.

Good luck he might want to consider a bike and public transportation! Being an 18 year old male with multiple accidents and has been dropped by his carrier his rate group will be the highest that they have. They expect to pay out more claims for him and this will be reflected in his rates.

If you are at all accountable for him you might want to look into a $1 mil rider insurance policy to cover in case he gets sued beyond the limits of his auto policy. Talk with an insurance agent these policies are typically not that expensive as they only pay out when the limits of another policy have been reached.
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#6
Your son is an adult now...he can shop for his own insurance.

Like someone else said...you may want to look for umbrella insurance for this misfit.
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Quote from kmoff77 View Post :
My 18 year old son has been involved in 2 fender benders and we just received a letter from our insurance agency that we have to remove him from our plan within the month or we will be dropped. We have all of our automobile and home owners policy through the same company (Erie Insurance).

Does anyone recommend a company with your drivers? I am not sure where to start. THank you!
Erie is a b*tch. They'll drop you in a heartbeat and their entire claims process is a nightmare from start to finish. Their rates are great though.

Anyway ... I would start with Progressive for your son. They'll insure virtually anyone. Without knowing what type of coverage you're seeking, what type of vehicle he's driving, etc. I wouldn't even try to guess at rates.
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Quote from ManUpOrShutUp View Post :
Erie is a b*tch. They'll drop you in a heartbeat and their entire claims process is a nightmare from start to finish. Their rates are great though.

Anyway ... I would start with Progressive for your son. They'll insure virtually anyone. Without knowing what type of coverage you're seeking, what type of vehicle he's driving, etc. I wouldn't even try to guess at rates.
Thank you for the helpful reply. He drives a 2007 Mazda Speed 3. There is no loan on the vehicle. I just did an online quote from Geico and it came back at $245 / month.
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Quote from kmoff77 View Post :
Thank you for the helpful reply. He drives a 2007 Mazda Speed 3. There is no loan on the vehicle. I just did an online quote from Geico and it came back at $245 / month.
Hopefully they allow you to buy the policy once they have all the information. Let us know how it works out!
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Quote from dealgate View Post :
Hopefully they allow you to buy the policy once they have all the information. Let us know how it works out!
I did mention online that there were 2 at fault accidents. It looks like they may require 6 months paid in advance and him to continue to maintain a B average in college.
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Progressive's online quote was $1250 for 6 month policy if paid in advance.
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Quote from kmoff77 View Post :
Thanks. They already told us that if we keep their insurance he won't be covered if he were to drive our cars.

$500 a month seems pretty absurd. I guess I should start shopping around now.
having 2 at fault accidents at age 18 says he is high risk/reckless/irresponsible. any company that insures him is taking a chance they will never profit from having him as a customer. would you invest in something that is very likely to cost you money?
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#13
Quote from kmoff77 View Post :
Progressive's online quote was $1250 for 6 month policy if paid in advance.
Progressive might be one of your best bets in terms of who will insure him. It's not great insurance in general but ya expect it to be crazy expensive. Out of curiosity what type of vehicle is this?
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Quote from LiquidRetro View Post :
Out of curiosity what type of vehicle is this?
Quote from kmoff77 View Post :
He drives a 2007 Mazda Speed 3. There is no loan on the vehicle.
2007 Mazda Speed 3
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You might want to consider if he has another small accident, to NOT go thru insurance and just pay out of pocket for all damages.
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