My question involves insurance law for the state of: California
Our son just got his driver's license. His dad and I own two oldish cars, for which we carry liability only.
Now that he has his license, we called our insurer to add him, and learned that even with his good-student discount, our insurance rates will triple. Triple?
I asked the rep if there are any legal ways to do something cheaper, for instance, to exclude him as the driver for one car. No, they said. If there are more drivers in the household than cars, all drivers must be insured for all cars. Hm.
The other issue is that he is leaving for college in the fall. He will be home only for vacations. He is going to be able to drive for a small fraction of the year. And it doesn't seem like tripling our rates, so he can have the convenience of driving when he comes home to visit, makes sense.
Are there any legit solutions that might allow him to drive the cars occasionally, without tripling the darn insurance? For example, would it make sense to insure the two cars with separate companies, and add him as a driver on one policy only?
College costs being what they are, we need every cent for college, and tripling the premiums is not a wise use of our limited resources, but of course the kid just got his license and would like to drive occasionally.
Thanks in advance.