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Your family have 3 cars for 3 persons each person was assigned to drive 1 car although 3 names on all three policies Now your son sold his car should your premium goes up because 2 cars for 3 persons?
Wiki User
∙ 15y ago
if there are three names on all three policies then the premium should go down if one car is sold. Usually it is the vehicle that is insured, not the number of drivers. You need to check with a couple of insurance companies as their rules may vary on this. The expectation is that there will be fewer total miles driven as well as fewer assets to protect.
Wiki User
∙ 15y ago
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