Can i bring back my own auto insurance if my father bought me a motor within his nickname?
he is financing it in his name, but i want to put it beneath my own auto insurance policy, not his. is this possible? i am over 21 fyi. thanks for any helpul advice.
Answers:
I know that in New York, where I live, if a human being A finances a car then entity A has to insure it in his baptize. In some instances, using out-of-state insurance companies, Person B can insure it if they either have written say-so from Person A OR they are a co-signer on the finance lien.
It will depend upon your insurance company's guidelines. If the vehicle isn't registered to you, some companies will not add it to a policy in your heading. Also, whatever company your father is financing the vehicle through may require your name to know that you're the driver. Make sure he checks next to them first because they may not accept proof of insurance in your cross only. I'm sorry this is not a simple answer. Unfortunately, it can be a process just depending upon both companies' requirements. I hope this help! Source(s): I'm an Insurance Agent
Sure, you can. Just be sure to list the bank/loan company as the lienholder and send the checks within on time.
You can bring insurance into your own name to drive any car. However you would not be the primary insurer.
This would be a subsidiary insurance coverage as you are not the registered owner of the car and the DMV requires the registered owner of the car to enjoy insurance.
yes
Buy your own car for $800 settle cash for it and get liability insurance for it. That's the SMART method and 5 times cheaper.
Of course you can, but you'll be working freshly to pay for the insurance bill.
This is what is ruining people's lives in the USA. It's resembling a honeypot for flies. Source(s): http://get-smart-about-motorcars.moneysa…
Yes you sure can!
yes you can, but you might want to consider the option of putting it under his because it will predictable be cheaper for you. Being that he already has insurance, he has biddable credit (assuming, being that he's helping with your car) and he have a history with his insurance company which often lead to reduced rates and multi-line discounts. (discounts for having multiple things insured with a given company). You could still be primary driver on your saloon even if it's under his name and his policy. Just something to ponder about to save yourself some money until you receive your car paid past its sell-by date, maybe even help you achieve it paid off faster.
Related Questions:
Answers:
I know that in New York, where I live, if a human being A finances a car then entity A has to insure it in his baptize. In some instances, using out-of-state insurance companies, Person B can insure it if they either have written say-so from Person A OR they are a co-signer on the finance lien.
It will depend upon your insurance company's guidelines. If the vehicle isn't registered to you, some companies will not add it to a policy in your heading. Also, whatever company your father is financing the vehicle through may require your name to know that you're the driver. Make sure he checks next to them first because they may not accept proof of insurance in your cross only. I'm sorry this is not a simple answer. Unfortunately, it can be a process just depending upon both companies' requirements. I hope this help! Source(s): I'm an Insurance Agent
Sure, you can. Just be sure to list the bank/loan company as the lienholder and send the checks within on time.
You can bring insurance into your own name to drive any car. However you would not be the primary insurer.
This would be a subsidiary insurance coverage as you are not the registered owner of the car and the DMV requires the registered owner of the car to enjoy insurance.
yes
Buy your own car for $800 settle cash for it and get liability insurance for it. That's the SMART method and 5 times cheaper.
Of course you can, but you'll be working freshly to pay for the insurance bill.
This is what is ruining people's lives in the USA. It's resembling a honeypot for flies. Source(s): http://get-smart-about-motorcars.moneysa…
Yes you sure can!
yes you can, but you might want to consider the option of putting it under his because it will predictable be cheaper for you. Being that he already has insurance, he has biddable credit (assuming, being that he's helping with your car) and he have a history with his insurance company which often lead to reduced rates and multi-line discounts. (discounts for having multiple things insured with a given company). You could still be primary driver on your saloon even if it's under his name and his policy. Just something to ponder about to save yourself some money until you receive your car paid past its sell-by date, maybe even help you achieve it paid off faster.
Related Questions:
- Can I return with full coverage auto insurance on a sports car that be once totaled?
- Auto insurance for 18 year matured ?
- Can you abet me find cheap auto insurance ?
- I hold a ask about auto insurance and my 17-year-old son driving beneath a learner's area monopoly near parent
- How does Wachovia Auto Insurance contest up too the like of geico, Progressive, or allstate?