Mulligandog

So my 15-year-old daughter will be getting her license in a month, she's got a learner's permit now. There is no plan to let her drive the Corvette, she's only driven it twice with her Learner's permit. She will be driving my wife's 2015 Ford Escape to school and back.

I priced the insurance (USAA is our company and has been for over 20 years) and when it's line itemed out, our 2015 Ford Escape goes up $77/6 months. The 2014 Stingray goes up $1839/6 months, effectively tripling what I pay now. What I'm wondering is if anyone has had this issue and have found a way around it? Like moving the Vette to another company altogether? We tried pricing it with my daughter being primary driver on the Escape and that saved me...$4. I tried saying I'd buy her a 2005 Camry and it didn't change things much at all, like $100/6 months. I also said (gasp) 'What if I sold the Vette and got an F150'? Still not much change. Now I realize having a new driver in the house will raise my rates, but this seems extreme. Any help is appreciated.

GM'er

Subscribed. I'm going to have the same issue in about 6 months.

chefcg1

I had the same issue with my son several years back (he is now 20), i’m With State Farm and my vette insurance went up $100 per month and I pay $98 a month for his car a 2008 bmw 335i. If the vette is only an occasional drive you could try and insure it separate with a company like Hagerty.

Mcrider

Young female drivers are far worse accident risks than even young males and insurance rates reflect that.

Mulligandog

I drive it daily...but thanks for the idea.

JDSKY

Unfortunately there is no way around it. As you already stated taking the Vette off your current insurance does not change anything they will simply adjust the other policies to grab their cash. What was interesting for me was my son was less expensive to insure with State Farm than my daughter has been and he had a speeding ticket at the age of 19. Daughter is currently 19 and with a completely clean 3 year driving history. He is now 22 and has his own insurance but rates stayed the same when I recently removed him as a driver in the household.

As for the Camry experiment. What year was it? In my experience with any cars with full coverage on them it is less expensive to insure a teen as a primary driver on a newer auto with better safety features than an older one that is not quite as well equipped. The lowest possible price was to put them in something that does not carry any collision coverage just liability. Of course that is also very likely a much older vehicle and safety will not be up to today's standards. At the end of the day insurance companies don't lose.

LuisZ51

Man if this is the case I will have to sale mine in about a year when my daughter gets her permit!

rrsperry

Exclude them as a driver. Oh and no way I'd let a 16 year old drive a BMW 335, let alone the vette... Either will write checks they just don't have the skill set to cash.

But yeah, I'd have them from excluded from driving the vette.

bearphoto

I don't believe excluding them from driving the corvette will help. Just the fact that they are licensed living in the same house will bring you higher rates. With that said though you might check into the Corvette Museum insurance although they do have a few restrictions I don't recall paying high rates when my kids were licensed.

cowboy casey

My friend has 3 daughters, 5 cars and his insurance was low with state farm and USAA... its easy, insure the cars not the person... Him and his wife were the insured on all 5 cars.. Every time they called and asked about his daughters he said they were non of there business..

Phanni

What happens if one o those daughters has an accident driving one of his cars?
I suspect it wouldn't be pretty

V Vette

But who will pay for all the Geico and progressive commercials????

SoFloVette

We put our 18 year old on our policy. Just adding him as an additional driver raised my rate $210.00 a month.

jschindler

best plan yet...sell the daughter. Which classified section are you going to use?

speed4tu

Glad I don't have any kids so I don't have to worry about this disaster.

Vetteman Jack

When I faced this situation with my daughter, my insurance company allowed me to exclude her from the drivers listed on the Vette which effectively resulted in no real change to my premium on that car. You might see if your Ins company offers something similar.

JDSKY

I know people that work this angle as well. All I will say is that if you don't have much to lose take the gamble. If you do insurance for your kids when they begin to drive your cars at age 16 is just another cost of raising kids. I'm not about to risk everything I have worked to earn so far in my lifetime on one bad auto accident. In the olden days people were much more forgiving and assumed accidents were accidents. Today people work hard to blame everyone else and are constantly on the lookout for an easy payday. Lawyers have multiplied like rabbits and now everyone "has a lawyer" on standby waiting to take up the fight for their rights....

IPTV65

I'm all for this approach, but folks need to be aware that legally this doesn't fly in all states. Sucks to have an accident and find out that the hardball approach put a big ding in your checkbook....or worse your life savings.

NSC5

I will face this situation soon and hopefully I can exclude my daughter from the Corvette and put her on the ATS and Denali 2500HD pickup but if not as others have said it is just another one of the many costs of children and the benefits far outweigh the costs.

Taking chances with insurance is a very bad idea and trying to play stealth games with young drivers is not a good plan. I have good policies and a PLUP (personal liability umbrella policy) riding on top of the regular policies. No way do I want to see my investment accounts getting drained because of engaging in a game that the insurance company is going to win. At some point those investment accounts will be going to my daughter and not going away because of her.

TPAJETSKI

To the OP - I live in the same part of Florida. While I have no idea of your credit/driving record, etc, my daughter was added to my policy which consisted of a Cadillac ATS the Vette and I got her a little 15 year old Nissan. It raised my six month premium by about 1500.00 which she was responsible for paying. I use Geico. Recently, I put the altima in her name and she got her own policy.