Automotive

Lease and insurance for my 18 year old daughter

  • Last Updated:
  • Oct 27th, 2020 11:13 am
[OP]
Newbie
Oct 25, 2020
2 posts

Lease and insurance for my 18 year old daughter

My daughter is looking at leasing a new Honda civic, insurance are crazy high for her, almost more then the monthly lease.... should I lease the car myself and add her as secondary? Right now I am co-signing the lease.
15 replies
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Jul 26, 2007
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You can have her on secondary if this will be the only car in the house. If there is already your car and the 2nd car you wanted to lease, it will automatically goes primary for 2nd driver and only saving here would be multi car discount. Unless you involve your wife without a car, who shares the 1st car with you currently then you can put your daughter on occasional driver on 2nd car, but now your wife would be main driver of 2nd and would be paying for wife + daughter which may come out to little cheaper if your daughter getting her own insurance.

Do you really need a civic or a corolla? Best you get non popular model car for inexperienced driver because some insurance on different car for example a hatchback is half of civic or corolla which are usually most expensive cars to insure. Use an online insurance quote system to see what cars are cheaper. I used belair online quote last year because it was easy to switch out cars to find out corolla hatchback was a lot cheaper then the sedan.
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Jul 30, 2007
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Maybe ask insurance to see if you are to buy used (say 3 yrs old) and whether it will make any differences in premium. Perhaps, also increase your deductible may help a bit as well.
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Jul 29, 2014
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KevinM56081 wrote: An 18 yo doesn't want a Sienna or Odessey Face Savouring Delicious Food
unless they're a baller!
GRAMMAR: The difference between "Feeling you're nuts." and "Feeling your nuts."
[OP]
Newbie
Oct 25, 2020
2 posts
My wife and I already have a car each, and with the youngest daughter starting to drive, 2 kids on 2 cars, is getting hard, looking for my eldest to get her on wheels, I like getting new to ensure we have less hassles with break fix, but now wondering what are options... if I buy/lease the third car I can’t be primary on it but still be owner, would that work?
Jr. Member
Jun 4, 2020
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Clarington, ON
RichardAlexandreB92192 wrote: My wife and I already have a car each, and with the youngest daughter starting to drive, 2 kids on 2 cars, is getting hard, looking for my eldest to get her on wheels, I like getting new to ensure we have less hassles with break fix, but now wondering what are options... if I buy/lease the third car I can’t be primary on it but still be owner, would that work?
You can - it's not going to provide any benefit for insurance though as the 18yo will still need to be a primary driver on something
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Oct 30, 2008
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This is just a right of passage. Same thing happened to me. Parents already owned their own vehicles but got lucky since my dad’s primary one was commercial.

When I bought my own car at 19, a hyundai accent, finance was $350 a month and insurance was $450. But damn I really needed to drive!
Please don’t confuse my kindness for weakness.
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Nov 29, 2011
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RichardAlexandreB92192 wrote: My wife and I already have a car each, and with the youngest daughter starting to drive, 2 kids on 2 cars, is getting hard, looking for my eldest to get her on wheels, I like getting new to ensure we have less hassles with break fix, but now wondering what are options... if I buy/lease the third car I can’t be primary on it but still be owner, would that work?
Be aware you'll need to disclose that second dependent as well if you're all in the same household. If the younger one will not be driving the elder daughter's car, you might need to confirm that in writing with insurance, but she'll literally never be allowed to drive that vehicle.

If your household has 4 licensed drivers and 3 vehicles, each vehicle will need a different primary driver, and all 4 drivers will need to be listed on your policy, even if still on G1/G2 licenses.
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Jan 17, 2009
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evosero wrote: Be aware you'll need to disclose that second dependent as well if you're all in the same household. If the younger one will not be driving the elder daughter's car, you might need to confirm that in writing with insurance, but she'll literally never be allowed to drive that vehicle.

If your household has 4 licensed drivers and 3 vehicles, each vehicle will need a different primary driver, and all 4 drivers will need to be listed on your policy, even if still on G1/G2 licenses.
That's only if they're G2 or G. A G1 driver can't be the primary driver on a vehicle policy (they can only be secondary). You can notify the insurance company of a G1'er but you don't legally have to and it doesn't change your policy. The G1 driver is required to be accompanied by a qualified driver who has insurance and is giving them permission to drive their vehicle so they are always insured. With a G2 you are required by your insurance company to notify them and add them to your policy if they live in the same household as soon as they get their G2. At least that's how it was with TDMM, but I assume all are the same.

But yeah if you have more cars than people each person with a G2/G license needs to be a primary on a car. My dad went through this when me and me sister were young as we had more cars than people registered at our address (even though some of the cars my sister and I were not allowed to touch lol). As soon as me and my sister got our G2's we had to be primary's on cars. Drove him nuts. If you have less cars than people then put yourself down as a primary and her as secondary it'll be way cheaper, but usually this isn't possible.
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Jul 29, 2019
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Ecsta wrote: That's only if they're G2 or G. A G1 driver can't be the primary driver on a vehicle policy (they can only be secondary). You can notify the insurance company of a G1'er but you don't legally have to and it doesn't change your policy. The G1 driver is required to be accompanied by a qualified driver who has insurance and is giving them permission to drive their vehicle so they are always insured. With a G2 you are required by your insurance company to notify them and add them to your policy if they live in the same household as soon as they get their G2. At least that's how it was with TDMM, but I assume all are the same.

But yeah if you have more cars than people each person with a G2/G license needs to be a primary on a car. My dad went through this when me and me sister were young as we had more cars than people registered at our address (even though some of the cars my sister and I were not allowed to touch lol). As soon as me and my sister got our G2's we had to be primary's on cars. Drove him nuts. If you have less cars than people then put yourself down as a primary and her as secondary it'll be way cheaper, but usually this isn't possible.
You can also put the third car or more on fire & theft so you reduce the number of cars that can legally drive down to 2 cars. The issue here is OP needs the use of at least 3 cars. If OP is looking to buy a used/new car, it is definitely worth it to get something that is not popular and have the latest standard safety tech such as Honda Sensing, Toyota Safety Sense, Subaru Eyesight. I do know that Subaru vehicles are typically good for insurance as they are not as popular and you got the Eyesight. Maybe take a look at a Subaru Impreza for OPs daughter and see how that affects your insurance compared to a Honda Civic/Toyota Corolla.
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Aug 11, 2008
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if you have 3 drivers, 3 cars, each driver must be listed as primary on a vehicle. Even if your daughter did not live in the household, it will clearly show on the autoplus that you have 2 cars, 2 drivers already, so if you were to try to place yourself as primary on a 3rd vehicle, this would clearly show misrepresentation to the insurance company as they will clearly see what you're doing. Best to start off with an older vehicle so that she can make it more affordable.

RichardAlexandreB92192 wrote: My daughter is looking at leasing a new Honda civic, insurance are crazy high for her, almost more then the monthly lease.... should I lease the car myself and add her as secondary? Right now I am co-signing the lease.
Last edited by COSMIC5 on Oct 27th, 2020 10:43 am, edited 1 time in total.
RIBO LICENCED INSURANCE BROKER, over 35 years experience
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yes, if the vehicle is registered to you, you can add it to your policy, receive the available discounts; but the daughter will be listed as primary on one of your vehicles
RichardAlexandreB92192 wrote: My wife and I already have a car each, and with the youngest daughter starting to drive, 2 kids on 2 cars, is getting hard, looking for my eldest to get her on wheels, I like getting new to ensure we have less hassles with break fix, but now wondering what are options... if I buy/lease the third car I can’t be primary on it but still be owner, would that work?
RIBO LICENCED INSURANCE BROKER, over 35 years experience
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The only saving buying is you can forgo comprehensive coverage to save a few bucks

But you probably don't want to skip comprehensive coverage on a new car either.

18 year old, buy a reliable used car and skip comprehensive coverage. There is gonna be a lot of body damages for new drivers. Kinda hurts when you buy new unless that new car is under $20K.

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