High Risk Auto Insurance Tamiami Florida FL

Reader’s Question:

I co-signed a lease for my teenage son’s vehicle when he was in college. A year later, he has moved out and is taking time off from college. He is still on my car insurance policy. What are our options? We live in Tamiami Florida.

Gene

Tamiami, FL

You have a couple of options depending on where the car stays everyday at the end of the day. If the car stays at your son’s residence, you should remove him and the car from your car insurance policy. Many insurance providers will not insure cars from more than one household – unless it is a student risk attending college in the same state from which the insurance policy originates. So, if you do this, I suggest that you make sure he satisfies the terms of the lease – because your credit may be at risk. Now, if the car stays at your household everyday at the end of the day and your son does not drive your cars with any frequency, you should remove him from your policy. To remove him from your insurance policy, you will probably need to provide proof he resides elsewhere. Another option is to turn the car back to the dealer – if you can. Ultimately, you will need to consult your insurance provider and the lease company to assist develop a plan that will meet your needs.

 

Tags: auto insurance, autos, high risk insurance, teen insurance, Young driver car insurance