Is it beneficial to have all members of household under 1 car insurance policy?
Currently my husband, 2 sons, & 1 stepdaughter are all on one car insurance policy,under my name. The kids are adults, 24, 24, & 21. My stepdaughter recently was involved in an accident (her fault). Would it be better for my 2 sons to get their own policy? What is the benefit, if any, of keeping everyone on the same auto policy. Our policy expires November 2. Can I expect an increase in all our premiums? A: You should only expect an increase on your daughter’s policy since she was the one at fault. There are several benefits of keeping everyone under the same policy until your children are married. For example, if you have a home policy with your current auto insurer, every auto policy should be receiving an auto/home discount. Your children would not be eligible for that elsewhere unless one of them is a homeowner. Also, if they each got their own policy, they would lose the multi-car discount that they’re receiving since all these autos are listed together. Finally, most insurance co
