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Can your daughter provide insurance for a car if the loan and the registration are in your name?

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2015-07-15 18:26:27
2015-07-15 18:26:27

There are so many potential scenarios in this situation.

Are you wishing to insure it via the daughter because she has a better record, thus better rates? That would, of course, be considered fraud, and is not advised. Additionally, they are going to rate the policy based on all drivers in the house, so the rates may not improve anyway.

Does the daughter live in the same residence? Most other family members would also be covered, IN MOST CASES WITH MOST COMPANIES, but most also require a DMV check on each driver in the house. The company can also list a specific 'named driver exclusion'. I.E. Seventeen year old Johnny has already received three violations; carrier will continue coverage but require a named exclusion for Johnny. They will cover NO accidents or incidents in which Johnny is the driver.

If she is NOT in the house, is not a regular driver of the insured vehicle, and has no legal relationship to the vehicle financially, but is better able to meet the financial obligation of the premiums, then you should simply have her give the monies to you each month.

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