My daughter last year at 18 needed her independence. So she rented a room in a house 10 miles away. Signed a 6 month lease. At that time, she got her own auto insurance since she moved out (Geico). While I agreed to sign the title over, she never got around to taking it to the courthouse so the car stayed in my name (this matters in the 3rd paragraph)
FF to this August. Lease is up. Her permanent address is my house. She is going to college out of state and leaving the car at home. But didn’t want to keep paying $150/mo on car insurance.
I called my agent, assuming this meant I may have to put her back on my policy. Apparently I don’t. She can have her own non-owner policy. She doesn’t own a car and will borrow one occasionally (either zip cars on campus or one of our cars at home). It costs $40/mo.
So, if you find yourself in a situation where your student signs a lease (maybe a summer rental, or next year). You might inquire if this deal would work for you.
Notable details. We live in TX. Her 6 month lease was in TX She will school in IA in a dorm. Geico wrote her non-owner policy for $40. But my insurance (Progressive) also quoted a similar price.
FF to this August. Lease is up. Her permanent address is my house. She is going to college out of state and leaving the car at home. But didn’t want to keep paying $150/mo on car insurance.
I called my agent, assuming this meant I may have to put her back on my policy. Apparently I don’t. She can have her own non-owner policy. She doesn’t own a car and will borrow one occasionally (either zip cars on campus or one of our cars at home). It costs $40/mo.
So, if you find yourself in a situation where your student signs a lease (maybe a summer rental, or next year). You might inquire if this deal would work for you.
Notable details. We live in TX. Her 6 month lease was in TX She will school in IA in a dorm. Geico wrote her non-owner policy for $40. But my insurance (Progressive) also quoted a similar price.