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can i be on my parents car insurance if the car is in my name?

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Can I be Added to My Parent's Car Insurance Policy if the Car is in My Name?

Searches related to can i be on my parents car insurance if the car is in my name
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do i have to add my child to my car insurance

asked Mar 3, 2017 in Cars and Transportation by realtor.sailor

2 Answers

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It depends on your parents car insurance policy. In most cases, insurance companies prefer that the car being insured is owned by the policyholder. There are exceptions to this rule though so check with your parents insurance company regarding their guidelines and policies. There are ways around this. Selling the vehicle to your parents for a nominal sum, or having their names put on the title will allow you to add it to their insurance policy. Another consideration is that if you have a loan on the vehicle, often the financing company will not accept your parents policy as proof of insurance.
answered Mar 3, 2017 by Ianab
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Can I have a car in my name under my parents insurance?
answered Mar 3, 2017 by Tammy
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 to determine the best configuration of the three documents above, prior to purchasing a vehicle.

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