patrick.net

Your existing policy already has liability coverage. If you're worried he'll kill someone that has the resources to hire lawyers who will seek damage beyond your insurance limits get yourself an umbrella policy too. They are usually cheap - probably a few hundred for a couple of million in coverage.

As far as title etc ... I think you're over thinking this. However, buying him a beater until he becomes proficient is not a bad idea if you have the ability.

You're not the first parent to have these thoughts. Teaching my daughters to drive was the scariest thing I've ever done.

stfu says

Your existing policy already has liability coverage. If you're worried he'll kill someone that has the resources to hire lawyers who will seek damage beyond your insurance limits get yourself an umbrella policy too. They are usually cheap - probably a few hundred for a couple of million in coverage.

As far as title etc ... I think you're over thinking this. However, buying him a beater until he becomes proficient is not a bad idea if you have the ability.

You're not the first parent to have these thoughts. Teaching my daughters to drive was the scariest thing I've ever done.

Our insurance limit is 300k. I have been thinking about increasing it to 500k.

gabbar says

So, my kid is learning to drive and I am concerned that we would get sued if the kid gets involved in a traffic accident, irrespective of who is at fault.

I drive like a geezer and lecture my 3 kids 11, 12 & 13 every time I drive. That's better than any insurance. My oldest in the last month alone witnessed two incidences where two cars blew a stop sign and would have t-boned us. One was probably going 70mph on a country road.

I don't touch my phone. I don't put on the radio. I just drive. They also have my wife as a poor example.... She just hit a mail box last week. Need a new headlamp, hood and quarter panel. I'm convinced phones are exponentially worse than drinking and driving. Just like a seatbelt, hammer it home no phones while driving.

Back to the OP, I'd definitely do $500k. That's what I've always done since I was an adult and that was advised by my dad who was an attorney. It's more money, but when you need it, you'll be thankful. I usually get it for travel and have to use that once. Paid for itself for the rest of my life.