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mandevilletiger34
LSU Fan
Member since Dec 2010
847 posts

1st child will be getting his learners permit tomorrow
In speaking with our insurance company today, we have 1 year till he will need his own insurance. In preparing for this monetary addition, is there anything we can do auto wise to reduce the cost. Does value or age of a car matter when it comes to what he will be driving? Looking into a 2011-2013 Ford Explorer which is a little bit safer than my current car for him to use to learn and as my daily driver.

1st of 4 times with our boys...want to be prepared!


bayoubengals88
Wisconsin Fan
LA
Member since Sep 2007
10085 posts

re: 1st child will be getting his learners permit tomorrow
With four boys just go ahead and move out of state.


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221
DukeSilver
Houston Astros Fan
Member since Jan 2014
1074 posts
 Online 

re: 1st child will be getting his learners permit tomorrow
The majority of the cost is just going to be his age and the bulk of the cost will be on the liability coverage, which is mandatory.

The best you can really do is get him an old enough car/non financed car to where full coverage isn't necessary.


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21
Belly
LSU Fan
Member since Dec 2016
137 posts

re: 1st child will be getting his learners permit tomorrow
Prayers sent.

I have several years until I'm in this boat and it scares the shite out of me.


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10
cave canem
Mississippi St. Fan
land o sand
Member since Oct 2012
8183 posts

re: 1st child will be getting his learners permit tomorrow
My last of 5 just rolled off my insurance, was a glorious day in my life.

OP there are several "tricks of the trade" to minimize the impact and if your agent is worth a shite they will advise you on this.


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50
OysterPoBoy
LSU Fan
BR
Member since Jul 2013
12337 posts

re: 1st child will be getting his learners permit tomorrow
Luckily mine are 10 years away so by then robots will do all the driving.


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40
CajunTiger92
LSU Fan
Member since Dec 2007
1637 posts

re: 1st child will be getting his learners permit tomorrow
State Farm gave good grade discounts and a safe driver discount. You might want to ask your insurance agent if they do the same. The safe driver discount involved the kids watching a video of some sort. They also would send a rebate check every year on the child’s birthday.


pineveillj
Pineville
Member since Sep 2018
47 posts

re: 1st child will be getting his learners permit tomorrow
unless you are deliberately misrepresenting the drivers in your household, there are many situations in which you simply do not "Report" that you are adding a child driver to your policy. if there is a loss involving the child where they are found at fault, coverage would still be afforded since the child is not excluded. the insurer would be unhappy and make you add them to the policy going forward but they won't be able to deny you coverage. (again unless they asked you at some point if you had additional drivers and you misrepresented it.

i'm not advocating this, but do your research before adding them to the policy.


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14
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TigrrrDad
Member since Oct 2016
3215 posts

re: 1st child will be getting his learners permit tomorrow
When mine began driving, they were basing his rates on the family’s most expensive vehicle - even though it was a manual and he literally couldn’t drive that car even if he were allowed. We ended up going to 2 cars with 3 drivers since I rarely leave the house anyway. His insurance is $1,500/yr., whereas with 3 drivers/3 cars it would have been over $6,000/yr.for him alone.


mandevilletiger34
LSU Fan
Member since Dec 2010
847 posts

re: 1st child will be getting his learners permit tomorrow
quote:

State Farm gave good grade discounts and a safe driver discount.


We are with State Farm so I will ask about these programs.


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cave canem
Mississippi St. Fan
land o sand
Member since Oct 2012
8183 posts

re: 1st child will be getting his learners permit tomorrow
quote:

When mine began driving, they were basing his rates on the family’s most expensive vehicle - even though it was a manual and he literally couldn’t drive that car even if he were allowed. We ended up going to 2 cars with 3 drivers since I rarely leave the house anyway. His insurance is $1,500/yr., whereas with 3 drivers/3 cars it would have been over $6,000/yr.for him alone.


The cheapest option for me was buying them a beater and excluding them from everything else IF you can deal with that.

Not only kept the premiums down it kept them all out of my truck.


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10
foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
40020 posts

re: 1st child will be getting his learners permit tomorrow
Give them up for adoption. They're at the age when they think you're an idiot anyway, might as well.


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40
CoachChappy
LSU Fan
Boudin Capitol of the World
Member since May 2013
19198 posts
 Online 

re: 1st child will be getting his learners permit tomorrow
quote:

In preparing for this monetary addition, is there anything we can do auto wise to reduce the cost.


My grandfather sold eggs to his neighbors, so we were able to label my truck a light farm truck. That got the insurance way down. He said if I ever got in a wreck, I needed to say I was delivering eggs to someone.


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Tiger Prawn
LSU Fan
Member since Dec 2016
10050 posts

re: 1st child will be getting his learners permit tomorrow
Prayers sent.

quote:

Does value or age of a car matter when it comes to what he will be driving?
Absolutely. Also make/model makes can make a difference because of differing repair costs, vehicle performance, safety features, etc.

quote:

In preparing for this monetary addition, is there anything we can do auto wise to reduce the cost.
Ask about discounts for good student (usually 3.0 GPA) and for driver's ed/safety course. Consider buying him an older model car for cheap and just carry liability-only for to keep the insurance cost down and just hope he doesn't wreck it.


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TigerintheNO
LSU Fan
New Orleans
Member since Jan 2004
30413 posts

re: 1st child will be getting his learners permit tomorrow
quote:

In speaking with our insurance company today, we have 1 year till he will need his own insurance


I saw you posted that you use State Farm. I also have State Farm, when mined got her license she didn't have her own car. State Farm told me that I didn't have to add her until I got a 3rd car. Fast forward, now she is in college without a car, and has never had to pay car insurance. When she turned 18 we asked State Farm again they said no we good.


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thedentist45
LSU Fan
Louisiana
Member since Jun 2008
69 posts
 Online 

re: 1st child will be getting his learners permit tomorrow
Like everyone said. The car will make some difference but the bulk of the premium will come from the driver. Try to get 3.0 discount with school. Also check into a cheap Life Insurance policy for him. When I did this, it actually gave me a net savings because of the companion discount being greater than the cost of the life policy.


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Eightballjacket
LSU Fan
Member since Jan 2016
2688 posts

re: 1st child will be getting his learners permit tomorrow
Whatever you do, it's always worth it to shop around for insurance. I have teen drivers, but still felt that my insurer was raking me over the coals. After many years with that insurer, I switched to Geico and reduced my premium by 40% with the same coverage.


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