Can my mom insure a car that will be registered under my name?
I just had this issue. In KY you can't insure a vehicle that you have no insurable interest with. So say you're the only one on the title then you're mom couldn't insure it because to an insurance company she has no insurable interest (look up the definition of that) no I'm not an insurance agent but I tried buying a truck and having it on my moms insurance because it was cheaper and my out of state dad cosigned and he wanted on the title, therefore leaving my mom off of any ownership of the vehicle so she could not insure it. Just have your mom on the title? No big deal. Just have it written as Your Name AND Moms name. Requires both your signatures when dealing with a matter such as transferring and it allows her to insure the vehicle. Different states may very but just had this same issue I described.
Do you still have to be added to your parents car insurance if you just borrow their car?
It really depends on your living situation. If you live at home with mom and dad most insurance carriers will REQUIRE each family member with a driver license to be either "Included" or specifically "excluded" from coverage. It that case you MUST be listed as an authorized driver. I you live on your own, and only use your parents car on a casual basis, with their permission, you don't need to be listed on their policy.
Does your car insurance and registration have to be under the same name?
Yep, you'll have a problem. For one, the DMV won't be able to match the two names, and those plates will look uninsured - which in many states, will get them cancelled. For another, if you don't own the car (and if the car is registered to your mom, you don't), and you have it insured, the insurance company doesn't have to pay you. You don't own the car. It's called "insurable interest", and that's what keeps people from insuring other people's cars that they don't own, to make money from their accidents. The name on the title, registration, and insurance policy all have to match.
Is it illegal to insure a car in one state and have it registered in another state?
The main issue seems to be that you need proof of financial responsibility (such as insurance) to drive your car. The question is, does your out-of-state policy provide that?My personal auto policy states that if my vehicle is temporarily taken out of state then the liability coverage will be expanded to the minimum amount required by law in that state if necessary.The policy does state that it can be cancelled for material misrepresentation or fraud, and that you must notify the insurance company if the primary location where the vehicle is garaged or your address changes. Of course if your primary address is out of state, they may cancel your policy and tell you to get one in that state.Interestingly I did not see anything in there about the policy being void if the vehicle is not registered (or not properly registered). Technically when you buy a vehicle you need insurance coverage immediately (before driving away with the vehicle), and then you need to register your vehicle (you may be given a temporary registration at purchase), and in some states have a safety inspection within a set period of time.Of course you need to check your own policy for terms and conditions and probably want to contact your insurance agent about the issue.
Can I drive my parents car under their insurance?
Yep, you can drive under your dad's insurance and it's totally legal. As long as you've got the owner's permission, your butt isn't breaking any laws. Everyone knows the "gotta have insurance" rule, but very very few people actually know how it works. No kidding, this stuff confuses the living hell out of people. I've got 15 years of experience doing insurance for a living, and even I get confused by it sometimes and have to look up the answers. But back to your question, and here's what you need to know... As a driver, you only need certain things to be legal to drive someone's car. You need a valid licence, the owner's permission to drive, and the vehicle itself needs to have valid plates / registration and insurance. If you've got all of that, you're good to go and totally legal. If you don't have all of them, you're in serious trouble. So make sure you have permission, and make sure all the required paperwork is with you. The owner, however, has a few more obligations to deal with. That's because the owner (not the driver) is legally responsible for their vehicle and any damage it causes, even if the damage happens while they're not driving. That's why in California (and every other state and province) the owner puts insurance on the vehicle. Insurance is there to cover the owner's costs if an accident happens. If your dad lets you drive his truck and you crash it, the damage is legally his problem and not yours. And if his insurance company refuses to cover the damage because he didn't provide them with complete information (which they can do), that's also entirely his problem. He's the one who decided to let you drive the vehicle, and he's the one who agreed to let them know about any drivers in the house when he signed the contract, so he will have to explain to the insurance company why he didn't complete his side of the agreement. But here's the good news, for you at least: None of that is on you. All you need is a valid licence and the owner's permission, and you have that, so your butt is off the hook. Dad might have to pay for the entire accident himself, but that's his decision and his problem if it happens.
Can you keep the same car insurance from one state if you move to another state?
You may be able to keep the same insurance company, but you’ll likely need to obtain a new insurance policy.Auto insurance (as all insurance) is regulated at the state level. Each state has it’s own laws regarding the coverages and limits required as well as the policy language that is approved.The Motor Vehicle Laws of the state will determine:Where your vehicle must be:TitledRegisteredInsuredThe DMV laws will dovetail with the state’s Insurance Departments regulations outlining:The auto insurance coverages required (see map below)The limits of coverage requiredMost states will allow a new resident a certain period of time to transfer their insurance to the new state. That period of time may be 30 or 60 days following the time you declare residency.Check with your state’s Department of Motor Vehicles for specific information on their requirements. A Map of the US DMV’s can be found here on ww.dmvnv.com.Thanks for the A2A.
Can I have a car in my name under my parents insurance?
The answer to the question is dependent on the State in which you live and your parents Auto Insurance company's guidelines.Purchasing and insuring a vehicle involves three basic steps:Title - Document showing the owner's name of the vehicle.Proof of Insurance - Normally in the name of the owner, but in some situations does not need to be exactly the same.Registration - Shows to whom the cars is registered for the purpose of obtaining license plates.There can be numerous scenarios with regard to what is acceptable - or - not acceptable with the: Insurance Company - Companies have underwriting guidelines that are tied to how an insurance policy is written, insurable interest in the vehicle and what they consider generally acceptable. In this scenario, it is your parents policy that is in question and at risk. Their best interest and standing with the insurance company should be a major consideration.DMV - The State Department of Motor Vehicles will have specific rules governed by statutes regarding how a vehicle can be Titled, Insured and Registered. It would be best for you and your parents, to contact your local auto insurance agent and/or your state's DMV[1][2]to determine the best configuration of the three documents above, prior to purchasing a vehicle.Best Regards.Footnotes[1] State DMV List, vehicle registration list, driver license list, dmv locations, forms, and publications[2] DMV.org: The DMV Made Simple
What are the pros and cons of registering a car under my parent’s name to pay less for insurance?
If you register the car under your parents’ name, you will then be driving “their” car but keep in mind, you’d have to title and register the vehicle in their name(s) as well. You can’t register a car in one name and then insure it another. As Ms. Barlow stated, there would be no insurable interest in something you do not own.“Youthful operators,” i.e. males and females under the age of 25 drive vehicles owned by/titled to their parents all the time to save money on car insurance.The pros are: 1.) your premiums are less because the vehicle you drive would qualify for a multi-car discount assuming your parents insure their car(s) on the same policy ; 2.) if you don’t drive a specific vehicle owned by/titled to your parents exclusively, you may be rated as an “occasional” driver rather than a “principal” driver which would cost less than if you were listed as a principal driver under their policy (or your own policy); 3.) you would have the benefit of the coverages and limits of your parents’ policy which may be much higher/broader than the coverages and limits you would select for your own policy in your efforts to save as much money as possible, e.g. buying minimum liability limits.The cons are: 1.) if you end up having accidents and/or violations, the premiums on your parents’ policy could go up dramatically in which case they would be penalized for having you listed as a driver on their policy. In a worst-case scenario, your parents’ insurance company might want to cancel or non-renew their policy because of your driving record; 2.) you’d have to find out from your parents’ insurance agent the amount of the premium attributable to having you on their policy in order for you to reimburse them for having you and the vehicle you drive listed on their policy. You would then have to keep track of how much and when you have to pay for your share of their car insurance premiums. It creates a bit of a bookkeeping task for you and your parents.Hope this helps and please drive carefully no matter who your car car is registered to/insured by!!
If I am under 26, can I stay on my parents' health insurance if I live in another state?
If you live in another state, your access to health care will be super limited if your parents have a plan elsewhere. Your other options for getting insured include:Getting a plan through your school or employer.Signing up through HealthCare,gov or your state’s exchange (where you’ll probably get some financial aid to help pay for premiums).Enrolling in a catastrophic plan, which provides minimal coverage for a reasonable monthly premium cost. (Note: You can only stay on this kind of plan until you turn 30.)Signing up for Medicaid if you meet the income requirements.This article has more details on your options. Good luck!
Can my mom add me to her car insurance policy if I go to school in a different state, and financed the vehicle in the state I attend school at?
If you are still a member of your mom’s household and the vehicle is registered, titled and insured in her state of residence, where the vehicle is financed s likely not an issue.The variables that will dictate whether or not you can be added to a parents policy include:Are still considered a member of their household (resident of their state)?Yes? - chances are greater that you can be added to mom and/or dad’s policy.Titled ownerSome insurance companies will require that the parents have an incident of ownership in order to add the vehicle to their policy. Others may allow the car to be titled to a son or daughter if a member of the household.RegistrantThe registrant rules will likely be driven by the state in which you live. In some states the registrant and the titled owner can be different. Other states may require the parties be the same.A call to your agent or company representative should yeild direction on what is permissible with your mom’s insurance program. The desire to add you on to their policy may require coordination with your state Department of Motor Vehicles as well.