Kids and Car Insurance....Need input
My son gets his license next week. He has a car already courtesy of grandpa for completing his Eagle Project. Our insurance is going to go up about $30 a month. Not a big deal and we do have completely separate finances. DH pays this one and I pay for all the cell phones. It evens out. So it is not about the money. But, here is the question... He said that when BS16 goes to college we are not paying for his insurance. I said we will and we will pay for it until he is out of school. Rates are very high for boys and I think that is my responsibility. Unless of course tickets or accidents cause problems. Then we will discuss it. But, he is a good kid so I think it shouldn't be too much of a problem.
DH had a fit when I said this. BS plans on medical school so we are talking a long time for us to pay this.
How long have you paid for the kids/skids car insurance? My parents paid mine through about half of college. I had some accidents and they took me off. I had some vision problems and didn't figure it out until a couple of fender benders.
Originally I wanted BS15 to get a part time job to pay his insurance, but with his AP classes and activities, there is no time and I don't want his grades to drop. I will not pay for gas or maintenance on his car. That is up to him. I don't give an allowance anymore either. Stopped that when he got the truck. I had to pay for title and insurance and emissions. That ate up his allowance for two months. So I think I am still teaching responsibilities, but I don't think he can afford for us not to pay for his insurance. If he maintains B average in college, why shouldn't we pay?