G2 and insurance

by Teresa
(Toronto)

My 19 year old son has earned his G2 and has completed an approved driver-training course. He will also be moving out of the family home which is in Toronto, to Waterloo, Ontario to continue his university education. He is in a co-op program and will be returning home and moving back to Waterloo depending on the co-op. For example,his co-op landed him a job in Toronto this summer, therefore he was home for the summer and now will be gone for 8 months etc. What bearing will this have on his insurance rate. Does he have to pay full insurance premiums? He earned his G2 yesterday. Our insurance company is aware of his G1 status. Will they know he earned his G2, or do I have to inform them and when should I inform them. He is leaving for Waterloo tomorrow(Sept 1). Should my insurance company be informed now. My insurance comes due in October. My son will not be at home until Thanksgiving weekend. Should i wait until then and just pay for a full year, or does my insurance need to know of the status change right away.

Thanks,
Teresa

Answer re Son with G2 away at University

Hi Teresa,
Ontario Auto Insurance companies expect to be notified when an insured driver gets their G2. So by all means call your insurance company.

At the same time, let them know that your son will be away for school. Some carriers will adjust rates for a child away at school while keeping him on the policy. It is good for your son to be listed on the policy as it builds his insurance history.

Be sure to let your car insurance company know that he did driver training as that should improve his rates substantially as well.

Hope that helps! If you find that your rates go up at renewal, try shopping around here:
FREE Auto Insurance Quotes

Ask another question at Ontario Auto Insurance Questions and Answers

Visit car insurance in Ontario Canada for more information.

Note: Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind. This insurance information is general in nature and the policy wordings always take precedence. Make sure you review the "please read" page.