How not to leave my parent’s car insurance?
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Question by don’tyouwannaknow: How not to leave my parent’s car insurance?
I am currently under my parents car insurance. I am trying to buy my own car. My question is, how do I stay under their policy? Do I have to have my parents as a coborrower for my car loan or also on the title or both?
Best answer:
Answer by firebobby
You get them to guarantee the loan, which means they pay up if you default,plus they could insure it with you as a named driver. Could save you money
What do you think? Answer below!
Hello
Simple answer
You Can’t
You were added as a named driver on your fathers policy as your Fathers policy was for the car for him to be the Main Driver, Your Mother was covered as his Spouse (Wife). You had to be added as you are a higher risk group.
When you get your own car it will have to be insured with you as the Main Driver. Your Father would have to be added as a named driver.
If you bought insurance on your car in his name and you named as a named driver that would be Illegal and if caught would null and void the insurance and leave you both open to prosecution.
This is to stop exactly what you want to do.
Andy C
If your under 18 I would say that you will have to have your parents co-sign for you to get the car loan and their name will probably be on the title also.
No, you can just add your car and ask to be the rated driver on your car. As long as your insured on a vehicle you can remain under your parents policy
I am not gonna say that I am totally sure about the answer.it is really depending on the personal feelings.thus it would better for you to try to find the best answer yourself.Here http://www.AutoInsuranceIdeas.info/auto-insurance-free.htm is a good resource for reference though.