Auto insurance question - this is crazy!!!!?

Auto insurance question - this is crazy!!!!?

My husband and I have insurance through a nationally known firm. When my son got his drivers license (he is 17) our insurance doubled (I knew that would happen). He has since then had his license taken away for 6 months. When I called the insurance company to have him dropped from the policy they said there would be no reduction in our premium. I asked why and they said as long as he lives in our home it will stay that way. I said that is crazy, he HAS NO LICENSE!. They said as long as anyone lives in our home and has no auto insurance, they are an automatic risk for us, they may take one of our cars in an emergency situation. I have never heard of this. They said Oh yes - if I came to live in your house and had no auto insurance

 

BEST ANSWER: Try this site where you can compare quotes:INSUREFOREVERYBODY.INFO

 

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Here's the situation. Before I start here, I will say I have never sold a car/transferred insurance in my life until now (I'm 37) and I'm panicking. (Please don't laugh; I am somewhat mentally disabled and have a hard time understanding business side of things). Please bear with me: I have a 2000 Chevrolet Malibu with 178,000 miles on it. Last Friday, my husband's brother decided to give his 2005 Hyundai Elantra (53,000 miles) to us as a free gift. We decided to sell the Malibu to some friends of ours (with whom we have been friends for quite a few years). My friends have already paid us and they have a Bill of Sale and next week we are getting a duplicate of the Chevy title in the mail (because we lost ours), at which time we will transfer. Here is where the confusion begins: My mother-in-law (who is a retired State Farm insurance agent) drew up a Bill of Sale that indicated as its last sentence at the end, Buyer will show proof of liability insurance at the time the car is received (or something like that; I don't have the Bill of Sale in front of me). We saw our friends today to get the Bill of Sale notarized (they already paid for the car; we're just waiting for the title for the Malibu to arrive via mail, as mentioned above). Their insurance agent is about 90 miles away, I find out, and will need pictures of the car. Our friends insist that my mother-in-law is just being a mom since we're new at such a transaction (our friends have owned and sold boats, cars, etc., so they are experienced at this, too), meaning that she's being overcautious by saying they need to present proof of liability insurance at the exact time I give them the keys to the car. So, once I give them the title and the keys, are they responsible for when they get the car insurance? My Hyundai is covered through my insurance agent (my mother-in-law called them and got coverage on it already), but she insists that I am not to get insurance verification on the Hyundai until the friends show proof of their insurance on the Malibu after they get possession of it. Is that correct, or is my mother-in-law just being overcautious? (I would think that once I switch the Malibu title to my friends' name and give them the keys, that would relieve me of any responsibility any longer to the Malibu). Help me, please. I am so confused; I have my mother-in-law telling me one thing, and my friends telling me another. Both sound correct. So would I be right if I did these (in this exact order): 1) switch the title over to their name & give them the keys to the Malibu. 2) call my insurance agent and report that I sold my Malibu, and ask them to type insurance vertification for the Hyundai. (would I have to be present in person for them to type the verification for the Hyundai? Also, would my report of me selling the Malibu mean that they would cancel the insurance on it immediately?) I am sorry this is so lengthy; I tried to explain this the best as I could. I just want to do what is correct in the eyes of the law.

 

 

Car insurance curious question?

On today i went to a car show in my area and when i was out their i seen alot of nice old school. As i was looking, i went to talk to a guy. he said invested 20,000 in his 89 chevy caprice. It had the Portable tvs, brand new engine and so on.. Then i was like man what if you wreck you vehicle, the insurance not going to pay for all that, besides you can get much for a 21 yr old car. He was like since he got full coverage and he happen to get into a accident and the car is total, he said the insurance company will reimburse him half of the money back on what he spent on the car. Is this true?

 

 

How much does your insurance go up when you get in a fender bender?

My brother got in a fender bender. He is 16 and got his license about 9 months ago. The other car wasnt badly damaged, just minor. We live in California. Anyone know about how much his insurance policy will go up?

 

 

Why is car insurance rediculous when I've never claimed and drive a small car?

I'm in my mid 30s, a female who has never claimed. My car is 1 litre and I don't drive many miles. I thought the companies would want my business but now I might have to give up driving because I can't afford the insurance.

 

Auto insurance question - this is crazy!!!!?

My husband and I have insurance through a nationally known firm. When my son got his drivers license (he is 17) our insurance doubled (I knew that would happen). He has since then had his license taken away for 6 months. When I called the insurance company to have him dropped from the policy they said there would be no reduction in our premium. I asked why and they said as long as he lives in our home it will stay that way. I said that is crazy, he HAS NO LICENSE!. They said as long as anyone lives in our home and has no auto insurance, they are an automatic risk for us, they may take one of our cars in an emergency situation. I have never heard of this. They said Oh yes - if I came to live in your house and had no auto insurance

 

Who has the best home insurance in georgia?

I am about to buy a house and I got to have Ins. I just need to get the best deal. Whats your opinion?

 

 

I need to find how much insurance would cost on a dodge charger, tune-up, tires etc including coupons?

what site should i go to..?

 

 

Do I need insurance for my license?

I live in North Carolina, and I just got my license a few months ago. I don't have a car yet, but I was told that I needed insurance in order to have a license. So, I'm paying $80 a month for insurance, just for holding a license. My car savings aren't looking too good at this rate, so I was wondering if anyone knew of any cheaper insurance companies I could go with?

 

 

Term Life Insurance Ownership?

My wife and I are in our 40's and 50's. We have created A/B trusts and transferred our assets to them, and expect to have estates that will benefit from the estate tax saving these trusts afford. We recently both purchased $1M 10-year renewable term life insurance policies that we expect to keep for 10 years. We chose not to use life insurance trusts because the purpose of the policies is to replace the lost income of the deceased spouse if one of us dies relatively soon, not to increase our final estate, and the trusts are somewhat costly. We each specified our own trusts as the beneficiaries, because we want the disposition of assets specified there to be used for this money. The trusts provide for the income, and principle if needed, to be paid to the spouse, and for the remainder to be paid to our child at the remaining spouses death. The question of ownership of the policies is less clear. My lawyer says that it doesn't make much difference who owns them, because the value (estate) taxed is only one year's premium, not the $1M. My accountant says that the $1M is taxed, and that each policy should be owned by the other spouse to avoid tax on that amount. A friend said that there's no way to avoid or significantly decrease the tax, so just leave the ownership as is (each spouse owns their own policy). A further fly in the ointment is that the insurance company (Massachusetts SBLI) makes some forms of trust ownership more difficult and costly. I'm confused. What ownership is the best? What is the benefit of that choice? Thanks for your time.

 

 

Insurance on Rx-8 for a 29yr old male?

I'm almost 29 and I'm thinking of buying a Mazda Rx-8, the 230bhp version. I've got 2 yrs no claims and was wondering if anyone of similar age has one and if they could give me an idea of what the insurance would cost in Ireland??

 

 

Insurance On A Supra For 17 Year Old?

How much would insurance be for a 17 year old in (Kingston, Ontario) Canada for a 93-94 turbo or non turbo Toyota Supra be? ALSO : If its under my dads insurance would it be cheaper for me to pay ?

 

 

Why is my car insurance quotes so high?

Hello, I'm 17 years old and have just pasted my ful uk license and am looking for a car and insurance. The car i want is a vaxuhuall corsa 1.0 litre 3door. My friend has a 1.1 litre and his insurance is 1,200 with his dad on it. But when i look with exactly the same details (locked garage, mileage, etc) with my dad on it (i also entered my friends post code to see if there is a difference) but the cheapest quote has been 4400. Help?

 

 

I know NOTHING about insurance, I'm looking for car insurance?

My friend sent me the link to this website http://quck-insurance-quote.com and I'm wondering if it is good information I should use?

 

 

Do I need to use an insurance broker to buy business insurance?

I run a small independent shop, and require business insurance. Does anyone offer this direct like household and motor, or do I have to use a specialist broker?

 

 

Does my financed car absolutely require full coverage?

Hi, i just put a down payment on a new car, and I've had it for about a month now; they told me that I have to keep full coverage insurance on it but I really can't afford it. But I read through the papers, and it says just to keep basic insurance on it. Is the car realty trying to make more money by making me think that I have no choice but to do premium insurance, or are they right? My boyfriend told me that if it's not stated officially in writing, they're probably lying. Im 21 and imI've never been in an accident or had a driving offense of any kind, and im in college so need to save as much money as possible. Please give me serious answers only!! Thanks!

 

 

Insurance Corp. refuse to pay for a stolen car....?

My friend's new Honda was stolen near his home. ICBC, a crown corporation, refused to pay because they said the car was thief proof. And they suspect may friend stole his own car then filed the insurance claim. Does anyone had such an experience with the insurance company? What should be done about it?

 

 

Cheap insurance companies for 17 year olds?

cheap companies that offer cheap insurance for males

 

 

What is the average cost of sr-22 insurance ??

i need to sr-22 to get my license back after 7 years w/o driving. i lost it in 2001 due to a dui, and haven't driven since. its finally time for me to start my life over, and this is a major step to do it. i learned from the dmv (ca) that i need the sr-22 + insurance, and just a 125.00$ reinstatement cost. i know there are a lot of factors to consider, but just an idea of the cost would be great.

 

 

Whats the cheapest auto insurance for someone in Texas?

Whats the cheapest auto insurance for someone in Texas?

 

 

How much is insurance??????????

i want to buy a used car/motorcycle but i need to pay rent and im scared my job wont cover insurance anyways how much would insurance be for 1 year? can i get a better deal also if we have a family plan thing or w.e i mean we got 3 cars and have insurance but i want my own car idk if my parents are up to pay but would it be cheaper if i put it under their name with the plan or w.e PS. WE DO NOT HAVE ANY DUI's OR CRASHES OR ANYTHInG WHATSOEVER that has to do with our cars getting hit or dmged or anything.

 

 

When i buy my first car (before taking test), i want to practise with sumeone, how do i go about insurance?

i know i just get insurance but for a provisonal licence holder only.. when i pass (hopefully) do i just phone the insurance company and 'upgrade' my existing insurance or do i just get altogether new insurance? and How long did it take you to pass.. from first lesson to passing? Cheers! 10 points for best answer =D

 

 

How can you get auto insurance after 2 DWI's?

How can you get auto insurance after 2 DWI's?

 

 

Saving on insurance...own or finance?

What is cheaper to insure a car that is being financed or a car that is owned? I haven't decided how to pay for my new car and since I am getting 0% it wouldn't cost more to finance, I do have the cash to buy it. I am just trying to see ways to lower insurance. If you know of any other ways to lower insurance I will take that advice too. Thanks

 

 

What is the best insurance company to work for?

I'm 19 and i have also thought getting into sales would be exciting. there is other reason but doesn't really matter. Anyway I'm hoping that there is a good Insurance company that has a good training program and allows entry level people to work hard and succeed. A company that wants people to succeed. So far every agent i have talked to has said their business is the one to be in so i just want some not so bias opinions. seems like all the insurance companies just want to get UN knowing teens ( like myself ) in and work them for 6 months to a year and suck them dry of all the money they have. i understand that you have to work and its not just six figures in the first year.

 

 

What does a term life insurance medical exam consist of?

And what companies do people recommend.

 

 

Insured vehicle in NY, and registered in CA, Is that legal?

I have lived in NY all my life untill 2 months ago when i moved to CA. Now I'm looking to get a second truck for transportation. My current and only car is still registered and insured in NY state, what will happen when if i buy this and want to add this for my second vehicle on my current insurance? Will registering it in CA and have insurance on it in NY work? thanks.

 

 

Is progressive car insurance cheap?

I had State Farm but they terminated my insurace because of to many tickets, i herd Progressive was cheap, what do you think? I am 19 by the way

 

 

Insurance for a newly licensed driver?

I'm an underage driver; do I need insurance if my parents are in the car with me? Or does their insurance cover me? I'm in TX btw

 

 

Any one know any good insurance for new driver that is only 18?

My mom tried adding me to her AAA insurance and it would be 1150 every sic month that too much anyother cheap insurances thanks

 

 

How does paying higher health insurance premiums and having to help pay the trillion dollar cost of Obamacare?

Make health care more affordable ? Is affordable now code for higher priced?

 

Auto insurance question - this is crazy!!!!?

My husband and I have insurance through a nationally known firm. When my son got his drivers license (he is 17) our insurance doubled (I knew that would happen). He has since then had his license taken away for 6 months. When I called the insurance company to have him dropped from the policy they said there would be no reduction in our premium. I asked why and they said as long as he lives in our home it will stay that way. I said that is crazy, he HAS NO LICENSE!. They said as long as anyone lives in our home and has no auto insurance, they are an automatic risk for us, they may take one of our cars in an emergency situation. I have never heard of this. They said Oh yes - if I came to live in your house and had no auto insurance

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