My Insurance Dilemma

[JZ67]

So the short strokes...

3 vehicles in family with 4 drivers, 2 of which are teenagers. 1 vehicle is only on the road in the summer and is NEVER driven by the kids. I pretty well drive it exclusively and do about 2500 km per summer. My wife will drive it occasionally - extremely rare circumstances. Basically, it sees the road on nice sunny weekends when I have the time.

Once it comes back on the road, I have to put one of my kids on it as a primary driver and pay outrageously expensive rates. My insurer (Co-Operators) will not allow me to sign an exclusion of the vehicle but rather on the entire policy. So, if I want my kids excluded from my rates on my summer ride, I have to exclude them from my policy.

I understand that you have to pay to play and I have no problem paying what is justified. Can I insure my summer vehicle with another carrier with the exclusion clause and pay a proper rate for the car?

 

[JamJam]

I haven't dealt with many different insurance companies but this is the first time that I have heard of them not letting you exclude household drivers from a policy. I know that my dads policy when I was younger excluded anyone under 25 from driving/being insured on the car. But that was for the whole policy so it should be an option if you insured it under a different company. I do know my boss has exclusions from his son driving the toy car and the wife's car which are all under the same policy. So I would say yes its possible. Maybe even look to switch insurance companies for all your vehicles and not just one

 

[DOHC1]

So the short strokes...

3 vehicles in family with 4 drivers, 2 of which are teenagers. 1 vehicle is only on the road in the summer and is NEVER driven by the kids. I pretty well drive it exclusively and do about 2500 km per summer. My wife will drive it occasionally - extremely rare circumstances. Basically, it sees the road on nice sunny weekends when I have the time.

Once it comes back on the road, I have to put one of my kids on it as a primary driver and pay outrageously expensive rates. My insurer (Co-Operators) will not allow me to sign an exclusion of the vehicle but rather on the entire policy. So, if I want my kids excluded from my rates on my summer ride, I have to exclude them from my policy.

I understand that you have to pay to play and I have no problem paying what is justified. Can I insure my summer vehicle with another carrier with the exclusion clause and pay a proper rate for the car?

Insure the 3rd vehicle with a different insurance company, and exclude the kids from that policy.

 

[TorontoBoy]

...My insurer (Co-Operators) will not allow me to sign an exclusion of the vehicle but rather on the entire policy. So, if I want my kids excluded from my rates on my summer ride, I have to exclude them from my policy...

I have also found this with Co-Operators, and it is puzzling, as they also lump motorcycle in with the car policy. As advised you need to insure the toy with another insurance company. Why Co-Operators would do this I do not know.

 

[PrivatePilot]

I haven't dealt with many different insurance companies but this is the first time that I have heard of them not letting you exclude household drivers from a policy.

It appears to be common practice from my experience. Because we have 4 registered vehicles in our house the second my son gets his G2 we *have* to insure him on everything, not just 1 vehicle because of the fact there's more vehicles in the house than there is licenced drivers.

Thankfully he doesn't seem to be too concerned whatsoever about actually getting his G2 (mainly because we told him he'd have to contribute towards the insurance costs when that day comes) so we're still getting off easy.

 

[hedo2002]

I believe as others have stated you will have to move your summer vehicle to another company under a seperate policy then exclude the kids on that policy. You have two other vehicles insured so you will still qualify for your multi line discount on them but the summer car won't be eligible, on a stand alone policy.

I would assume not permitting the exclusion on ony one vehicle would be standard operating procedure, as the companies want to keep everything simple and easy for them, not you..lol