We are now empty nesters and I'm getting new insurance quotes including auto. My husband volunteered to give up his license when I became concerned about liability should he get in an accident. I talked to an agent yesterday who said in order to exclude him form the policy I would need to send in his driver's license to the state. Have any of you done this- or did you leave your spouses on the policy even after they gave up driving? I assume if I send it in I will need to get him a picture ID.
As soon as DH stopped driving, I notified my agent and they took him off the policy AS A DRIVER. He still has his license - they expire next year and I will turn them in. From what I've read, insurance companies handle this in different ways.
I removed my DW from our auto insurance policy and figured that I would probable save some money too as I would be the only driver for our two cars and motor home. Figured wrong! The insurance company raised my rate due to loosing the multi driver discount.
Since you know my driving story, you know how much I envy Bob's ability to make that decision. We went to the license bureau; Sid turned in his license, and it was replaced with a State ID. Followed by 2 years of screaming, ranting, raving, threats, and insults.
Insurance go down????? Not on your life. I am actually paying more than I was before.
DH had a minor accident way before I had decided he shouldn't drive - although he didn't drive much then either. Of course, our insurance went up slightly - then that's when we removed him from the policy - and they dropped the rate back to what it was before the accident. All companies do things differently.
Charlie's license expires on his birthday on October 4. I plan to remove him from the policy then. Driving has not been an issue for him in over 3 years as he gave it up on his own but I wasn't sure what the procedure would be to get him off the policy while he still had a license. As for the rates, guess I will find out when I remove him.
That's the advise I got also. When you are 82 like me you don't want to rock any boats. My DH retired from the company we are with and I know he sometimes told his customers who were older to let things stay like they were. Heck, he even told older people who wanted to change their polices with other companies to his company not to. Your age and your driving record is important when you make changes.
I had my dw turn in her license for a state ID in June, and my insurance premiums dropped about $30/month. She had two accidents two years ago, and we were paying for that...but I could not drop her off the policy until I received a form from the state showing that she had turned in her license..also, she still has the keys to the car, but it is one of the smart keys....it does not have the chip, so the car will start, but will stop as soon as it gets out of park......\ my kids often forget that the key is a non driving key, and sometimes they take the car and it just stalls....so I get a call and we all share a good laugh.
Thanks everyone. I may just get quotes with both of us on the policy and compare pricing. I hate the thought of going to the DMV to turn in his license. Years ago I had to wait in line for hours with both kids to obtain their drivers permit, not sure I'd want to do the same for a picture ID. Fortunatly my husband quit driving before he had any accidents or tickets.
DH's younger brother (who also has EOAD) had four accidents (including two hit and runs) the last year he drove! Even though BIL's doctor told him not drive he did not listen. It was only after three court appearances that the Judge finally pulled the license. It was a blessing my BIL did not injure anyone.
I called to Have DH removed also thinking the price would go down and in fact it went up, then the agent said, that cant be right so she did somthing and then said ite rate would stay the same. I am a little worried about that though not sure if he is on or off.
All I did was call my insurance company (The Hartford, through AARP) to have my wife removed as a driver. They told me that there would be no drop in premium and did not request that we mail them her license. However, we did end up going to DMV to 'exchange ' her license for a state ID card that looks very similar to a license.