Can parents get car insurance for their adult child's car

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  • BenutzernameMoneyland User Questions
  • Status Member
  • Registriert seit1/27/17
  • Beiträge2142

Good day,

Our adult daughter (23) wants to insure her car but car insurance premiums for young drivers are just insane in Switzerland. Talk about milking the cow for all it's worth!

Is there any way that we (the parents) can insure her car to get around the penalties for young drivers?

Thanks for your help with this

  • BenutzernameMoneyguru von
  • OrtSchweiz
  • Status Expert
  • Registriert seit8/4/15
  • Beiträge4017

Hi there,

Many insurers allow you to add a grown child to your car insurance policies. In this case, premiums are based on who drives the car most frequently and covers the greatest distance.

Making completely accurate statements is key to stying properly insured. Clearly stating exactly how much your child will use the car will help the insurer determine the premiums you must pay. As long as you use the car signifiantly more than your child does, then premiums will be based on your age, driving history and insurance record.

If, on the other hand, the insurer determines that your child used the car more than you stated on your declaration, they may refute an insurance claim when an accident occurs.

Some insurers offer discounts when you do not add young drivers to your policies, and you may lose these discounts by adding your child to your policy.

If your child drives more than you do, having them get their own insurance will work out better for both of you.

Best regards from Moneyguru

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