O.T. Teen insurance rates

Our insurance company says when daughter gets a driving permit they are going to raise all 8 vehicle rates including the semi truck, dump truck, all the CDL stuff along with the smaller trucks and car. Is this standard practice?

That is Shelter in MO.

I have no idea but I think I would shop around. Unless she has a CDL she wouldn't be driving the big trucks and they shouldn't be increased. Generally is more expensive to get a teenager their own policy but if you have to pay the increase in all the other vehicles would it be better to get her her own policy and car?

I did mention the CDL requirement and they did not seem interested in that fact. I plan on doing some checking for sure.

For sure do some shopping around.

That does not sound right, including commercial vehicles.

Typically they raise the price of the entire familys cars, under the assumption the new driver will be operating any and all of the FAMILY cars.

Obviously she won't be legally driving anything requiring a CDL.

Do you have a personal agent? If so a person to person visit would be in order.

If you don't have an agent, that would be a good place to start. Seek out a few local companies where you can actually talk person to person instead of whoever answers the phone or dealing online.

Insurance companies thrive on half truths and partial disclosure of information. If you don't ask, they don't volunteer!

I'd start shopping since the fact you cannot even get a CDL till you in your 20s. I know back when the step son was of that age my insurance rates did not go up

As others said shop around. Son has his permit. Our insurance co said rates would not change until he has his license. We have 4 vehicles, but the big truck and little truck are on a farm policy separate from the other vehicles. So insurance for the daily drivers only needs to know we have 3 drivers and 2 vehicles.

Around here State Farm wants $600 more per vehicle for my daughter (17) -- car or truck. She gets assigned to only one vehicle but can drive any of them. That's after all of the 'discounts'.

(quoted from post at 13:24:21 03/28/20) Our insurance company says when daughter gets a driving permit they are going to raise all 8 vehicle rates including the semi truck, dump truck, all the CDL stuff along with the smaller trucks and car. Is this standard practice?

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If all of you personal as well as business and or farm vehicles are on one policy, maybe you need to seperate them.

It use to be and maybe still is in some states it did not matter if your "of driving age" child had a license to drive or not, your insurance still went up just the same

Your insurance company sounds like they have the same policy.

moresmoke,

Our's insurance worked out to be like yours... ultimately NOT hiked UNTIL they actually became licensed drivers.

They did TRY to automatically hike our rates - but I called and asked them WHY our rates doubled, because our kids were not yet driving on their own (without us in the car). The insurance company then backed-off and said they would not hike prices until they became licensed drivers... but that we needed to notify them right away when that happened.

We have always listed our kids as drivers - to make sure we definitely hadcoverage, just in case of an accident while they were driving.

Shop around. Here it's the one vehicle they are listed as driver on. List her on the oldest cheapest vehicle you have. It's much cheaper.

My insurance agent has my kids one
Car and the rest in my name

My kids are on one car

When our kids became of age, we put each of them on their own policy with their own cars. This was cheaper than having them on our policy and in the event of an "incident" our rates did not go up. It worked for us, all three of kids totaled a (cheap) vehicle before they turned 21.

Thanks for all the comments. It is still awhile before we reach that age but I like to get the ducks lined up so I know what is coming down the tube at me. If Shelter won't handle this correct with a separate vehicle just for the teen and leave my big trucks alone I will find someone who will. I have talked to our local agent and then called the big office in Columbia, MO and just got someone who said the same with no real answers on the CDL thing. She said " Maybe the teen might be moving something around the driveway or something" Guess she meant you might get the tail backed out in the highway and get hit. They always got a line for you. When I became a teen my folks signed a paper saying I would NOT be driving anything they had and if I did there was zero coverage. Back then I rode a motorcycle and you did not have to have coverage for anything if you did not want to. I figured if I did much damage to anything I might not live to pay the bill so just rode the thing. I kid with no money would not be very interesting to a lawyer. I made it through those years and got insurance when I went to a pickup.

Shelter has another little quirk. When my dad passed away my mother had never drove. But she kept the car and we kids used it to take her to the Doc or things like that. When she turned 70, up went the rates. We said you can plainly see she is just the owner and can not drive it. NO matter. I'm sure there are a lot of widows who do the same. But your a higher risk owning a car in you older years. If we make it to a hundred who knows how high they might raise it. LB

In you can get a CDL at 18 but the 18 year old cannot cross the state border. My son has a 18 year old driving his feed truck, approved by his insurance company.

If you have an umbrella policy, you may not be able to avoid it. With my umbrella policy i had to insure vehicles that i didn't want too, to get the umbrella.
What happens if she buys her own insurance? Sure it will be a little higher but probably not a lot and certainly not as much as the rates on all of the other vehicles. Then you could "help" her from what you saved by going that route.
She would probably have to make the actual payments, to keep things separated liability wise.

Local fellow got into trucking. His driver was guilty of a multiple fatality. He failed to properly separate the farm from ALL trucking. Result he lost the farm!!!!!!!!!!!!

I have a 16 year old licensed driver in my house. I have learned a lot about insurance in the last year. A couple of questions for you. Do you have one policy with all vehicles listed or do you have a separate policy for all vehicles? Some companies (progressive) it is one policy. Other companies it is separate policies (State Farm, Farm Bureau). I would do A LOT of shopping and comparing before your child gets a permit. I do know, according to their agents State Farm and Farm Bureau do not raise rates until the child actually gets their license.

When you have employees, you have to set up your assets differently. If you are a sole proprietor there is no reason to separate as both you and your business will be sued. BTDT.