Will my son's car insurance rate rise after I totaled his car?

My son and his car are on my insurance policy. I recently got into a single-vehicle accident and totaled his car. My son's insurance rate is already quite high, and I'm worried that he'll be penalized with a higher rate if I file a claim.

Answer
“In this situation, since you were driving the car at the time of the accident, the accident will be filed under your name. So, technically speaking, any future rate increases will fall on your shoulders, not your son’s.
So, for example, if your son buys his own car insurance policy within the next few years, the accident won’t impact his rate because it will be filed under your name.
If you file a claim and your son stays on your policy for a while, then yes, he’ll face a higher overall rate, but so will you. “
Carol Chung
Answered on Apr 23, 2021
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