Can the car insurance be in your parents' name?
Yes, It can be in your parents name if you are still a minor, a dependent or are still a household resident So long as "YOU" are also a scheduled driver on the parents policy. Failure to schedule your self as a driver is a common form of Insurance Fraud.
So whether the policy is in your name or your parents name, as a regular driver or with regular access you are required to be listed as a driver on the policy.
I most U.S. states. A minor can buy a vehicle. However, due to the limitations of contract law where minors are concerned, A parent or other legal guardian would either have to provide the auto insurance or countersign the application for the Insurance Policy to be a legally binding contractWhether you live in the same residence as your mother or not, you bring up an important issue when you say "we're thinking this will be the most inexpensive way for me to drive."
Most carriers will allow your mother to carry insurance on both the vehicles, though there could be a problem if you live in a separate residence and keep the old car there. However, all carriers would require that you be listed as an insured driver, particularly if you're the main driver of your mom's old car.
Not adding you to the policy, and then admitting that you thought it would be the most inexpensive way to drive, is essentially material misrepresentation. Your mother pays for herself as a driver, but her rates wouldn't have you factored in. Most insurance carriers would promptly deny coverage in such a scenario if you were to have an accident. Of course, most people wouldn't admit that they were just trying to save money, which of course is insurance fraud (difficult to prove, but a mess when it is).
So, have your mom add you to her policy. Her rates may go up, but in the end, it probably is cheaper than you buying your own policy. It would be best for her to maintain ownership of her old car, as well, to avoid confusion about what a covered vehicle is.
Insurance companies now use the term "household". As long as the child (married or unmarried of driving age) lives in the same house as the parent, he or she is considered a household member, therefore needing to be in the policy. The only way to exclude a household member (of driving age) from an auto policy would be for the following reasons:
1. That person has his/her own insurance policy. 2. Never been licensed
Insurance companies usually deny excluding a spouse from a policy, unless a divorce decree has been issued.
It should be pointed out that in some jurisdictions the owner's name on the car registration must match the name on the insurance policy. If the car is in your name then your name should appear on the policy to avoid registration problems. The "insured" (name of the owner on the policy) must have an insurable interest in the property.
Is it possible to have your name on your parents insurance policy if the car loan and the registration are in your name?
This is not a good idea. You need your own insurance policy. There are coverages you do not have by being on your parents policy. You want to be a "named insured". This means that you control the policy and not your parents. If you want to loan your car to anyone you can, if you are on your parents policy you cannot do this. Also if you need to rent a car, you are…
If your parents put your name on their car insurance, that is you as a named drived you will be able to drive their car. This is often a cheaper way of insuring you to drive a car than having you as the person that takes out the car insurance. You will not be covered to drive other cars however. Their are some insurance companies now aimed at insuring young drivers which is something that…
Can you be covered by your parents' policy if you are over 18 live with your parents out of high school and the car is registered in your name?
Is it possible to have a car in your name and have it under your parents insurance plan with you as a driver with out the car being owned by your parents?
If you are in the UK, then yes, this is fine. A few years ago this used to work out cheaper for getting an insurance quote, but the insurance companies have caught onto this, and the quote you get will be pretty much the same as if you were to insure in your own name. Anyone can own a car, and anyone can be insured on a car. In my opinion, it would be best…
Can you insure a car whose title is under your parents name and then change the name on the insurance to yours if they transfer the title to you?
Probably a state law issue. We have one car where the insurance is ion my wife's name and the car is in my name and nobody ever said anything. I would guess that in some states you can insure the car in your name and have it registered in your parents name but why? Just switch both at the same time and avoid a problem later. DMV and insurance regulations are really nasty in some…
Can you get Insurance in your name even though your parents are on the tiltle and are financing the car and you are the main driver of the car?
Insurance Coverage on a Parents policy? Yes, So long as you are also listed by name as a covered driver on your parents Policy and your parents have an insurable interest in your vehicle. If you are a minor or a dependent still living at home then you might be able to get insurance cheaper through your parents than you could seperately. You "by name" would need to be added along with your vehicle to…
How do you get insurance if you are the primary driver for a car registered in your parent's name in another state?
You should be able to get insurance on the car no matter who it is registered to. If the company asks paperwork all you should have to do is tell them its in your parents name. Everytime I've gotten insurance I don't think I've ever had anyone ask for more than the VIN number and a car inspection and money.
If you drive your parents car but you don't live with them and you get in an accident will their insurance cover you?
Sometimes. Sometimes insurance covers whoever is driving a particular car, and sometimes insurance covers a driver no matter whose car they are driving (as long as they have the car owner's permission). You should probably check with your insurance company to be sure, or have your parents call and ask them.
Does a 20 yr old son who NEVER drives a parents car need to be on the parents insurance in the state of pa?
How can you pay your share in the car insurance directly to the insurance if your car is insured under your parents name?
If a 16 year old lives apart from parent and has a car and insurance in her name can parents be liable?
Can you insure and register a car under your name even if the title is under a parents name if the parent on the title is not a driver?
Your son almost 20 bought his first car Does he have to get his own car insurance which is expensive or can the parent get car insurance for him and just add him as a driver?
That really depends on the situation. Most car insurance companies allow parents to pay for their son's car insurance IF he is living together with his parents AND that the car is garaged with them. If his son is living independently with his own car and has his own home where he can garage his car, then he will be paying his own car insurance. Any wrecks resulting in claims or ticket points will be…
This isn't really enough information to answer your questions. If you still living with your parents and are under 18 the vehicle really needs to be titled in your parents name and then it can be insured in their name as well with you are the driver. If under 18 you are not an adult and cannot sign legal contracts. Have your parents contact your insurance company for their recommendation as well. Most companies want…
If your name is on the insurance for the car and you have a valid driver's license, technically no one can legally prohibit you from driving a vehicle, unless your parents report the car stolen or you are driving at a time that is legally restricted by the city or county (city-enforced curfews on minors).
If a young adult gets a ticket before being added to their parent's insurance will the parents insurance rate go up when the child is added?
If you normally drive a car belonging to your parents then you should be added to their insurance policy. Many policies now contain language that may allow the insurance company to deny coverage if a driver is not listed in order to obtain lower rates. I usually recommend that they title the car in your name once you reach eighteen and that you have your own insurance. This prevents the attorneys from suing them if…
Who is responsible for the insurance if a car is financed in your name but your sister is making the payments and driving it?
Would it effect the insurance he could get for his own car if my friend crashed my car with a learner's permit?
I wouldn't worry about your friend and his insurance, but your own. If you are a minor your parents owe for damages that your friend did to the other car. If you allowed him to drive the car without your parents permission that is a problem too. That was not smart allowing someone to drive your car.