one family (2 parents 2 kids) 6 cars 2 owners how to assign coverage


(Toronto Ontario)

I own 5 cars (3 summer 2 winter) child adding one will total 6 at residence (1st child will own that one)

I have 2 kids that live at home. At any one time I have 3 cars on the road.
In the summer I am principle on car 1
Wife is principle on car 2
1st child in principle on car 3 (doesn’t drive it insurance said we had to list them this way)
2nd child is secondary on car 2

1st child is getting their own car and own insurance. How will this affect us? I’m guessing 2nd child will be now be listed on principle on car 3
Does 1st child have to get 2nd child listed as secondary…….we all have access to all cars but always drive as I have listed. Are 1st and 2nd child still listed as principles or secondary on different carriers and policies? Potentially I can have 4 cars on the road fully covered during the summer not including 1st child new car.

3 of my cars are high end and the kids never drive them. I have not excluded them as there may come a time where it may be convenient or an emergency may arise where they need to drive one of the cars for that incident. Insurance company said drivers in the family that have licenses must be listed on cars……..will we as parents need to be listed on kids separate policy….seems like we are getting stiffed coming and going. To add to this we change things in the fall we go back to winter beaters and carry fire and theft on the summers in storage (drops premium to $2300 for winter). During the summer with no kids on policy no tickets no claims our premium is a modest $3000 . With the kids it is $6900

Cars and Kids


Hi there,
Your question got put aside for quite some time. Sorry ...

This is a bit of a messy situation. I do think you have a good handle on it and have probably had good conversations with insurers. Your best option to save money is to shop around at renewal. All insurers will insist that each car has a different principal driver until all drivers are listed.

Please be sure to discuss this further with a licensed insurance representative. Oh, and by the way, you can check rates here:

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Note: Always speak with a licensed insurance professional about your specific situation. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility.

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.  Make sure you review the "please read" page. Always speak with a licensed insurance professional about your specific situation.

Always speak with a licensed insurance representative about your specific situation.

This site is general in nature and there may be errors or ommissions

Please Read

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