When a kid goes off your car insurance post-graduation

[Anonymous]

wondering if anyone has a sense of how much car insurance will cost for a recent college graduate -

Assume a man living in Northern Virginia, a 2019 Toyota Corolla, no accidents.

Trying to give him a sense of what he will need to budget for post-college graduation.

[Anonymous]

Your son will get more realistic numbers if he calls insurance companies to request quotes.

[Anonymous]

Anonymous wrote:wondering if anyone has a sense of how much car insurance will cost for a recent college graduate -

Assume a man living in Northern Virginia, a 2019 Toyota Corolla, no accidents.

Trying to give him a sense of what he will need to budget for post-college graduation.

His new zip code will affect his rate. It depends where he's living.

[Anonymous]

Are you going to title the car in his name?

[Anonymous]

It’s so varied. It depends on zip code, car, driving record, deductibles, coverage limits, etc. But here’s what we found for DD who had a new Nissan Sentra to insure. It was $3-$4k a year with a clean driving record. We ended up keeping her on our policy and adding the car to ours which brought it down to 2k. She reimburses us monthly.

[Anonymous]

HE NEEDS TO DO THIS HIMSELF.

[Anonymous]

My kid's is $3,000/year. Geico. 2018 Honda Civic. Not the best driving record and a few accidents.

[Anonymous]

Age matters too. Most car insurance agencies will reduce the rate once they turn 25.

[Anonymous]

Anonymous wrote:HE NEEDS TO DO THIS HIMSELF.

"Kids" aka adult children are on parents' health insurance until near 30s, why can't they be on parents' auto insurance until then too?

[Anonymous]

Anonymous wrote:My kid's is $3,000/year. Geico. 2018 Honda Civic. Not the best driving record and a few accidents.

How does your kid already have “not the best driving record and few accidents”? Doesn’t that concern you?

[Anonymous]

Anonymous wrote:

Anonymous wrote:HE NEEDS TO DO THIS HIMSELF.

"Kids" aka adult children are on parents' health insurance until near 30s, why can't they be on parents' auto insurance until then too?

Well usually they aren’t driving the same car, right?

[Anonymous]

Anonymous wrote:

Anonymous wrote:HE NEEDS TO DO THIS HIMSELF.

"Kids" aka adult children are on parents' health insurance until near 30s, why can't they be on parents' auto insurance until then too?

This is a stupid question.

[Anonymous]

Anonymous wrote:HE NEEDS TO DO THIS HIMSELF.

Nobody asked for your opinion on this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My kid's is $3,000/year. Geico. 2018 Honda Civic. Not the best driving record and a few accidents.

How does your kid already have “not the best driving record and few accidents”? Doesn’t that concern you?

Nope.

[Anonymous]

Anonymous wrote:

Anonymous wrote:HE NEEDS TO DO THIS HIMSELF.

"Kids" aka adult children are on parents' health insurance until near 30s, why can't they be on parents' auto insurance until then too?

You can thank Obamacare (ACA) for the former.