Age for coup¨¦ insurance?
I have heard that you cannot capture your own car insurance policy untill you are 18. Is this true for new york state?
Answers:
Insurance policies are written to the titled owner of a vehicle. If you are sixteen and have your motor titled in your name next you will be written a policy for that vehicle in your name. Most insurance companies write the policy to game the title of the vehicle not the age of the driver.
its a lie, buy your own insurance. don't mosquito off parents.
Whomever the vehicle is registered to wants to take out the insurance. If the car is registered through the state within only your name, consequently you need to take out the insurance, regardless of your age. The problem is that the purchase of a vehicle (therefore getting the registration surrounded by your name) needs to be in writing, and a minor is not competent to enter a contract for a vehicle purchase. The courts sometimes will grant a minor the ability to enter that contract, but it desires to be considered a necessity-and there aren't too many teens who NEED a vehicle. Taking out insurance on a vehicle is also technically a contract, and it is within writing which you need to sign. I wouldn't say it's impossible to transpire, but very unlikely that someone under 18 would hold a vehicle registered in their name singular, and therefore having their own insurance policy. It would be much cheaper to hold the vehicle and the insurance in your parents names until you are just about 21. Source(s): Licensed agent in NY
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Answers:
Insurance policies are written to the titled owner of a vehicle. If you are sixteen and have your motor titled in your name next you will be written a policy for that vehicle in your name. Most insurance companies write the policy to game the title of the vehicle not the age of the driver.
its a lie, buy your own insurance. don't mosquito off parents.
Whomever the vehicle is registered to wants to take out the insurance. If the car is registered through the state within only your name, consequently you need to take out the insurance, regardless of your age. The problem is that the purchase of a vehicle (therefore getting the registration surrounded by your name) needs to be in writing, and a minor is not competent to enter a contract for a vehicle purchase. The courts sometimes will grant a minor the ability to enter that contract, but it desires to be considered a necessity-and there aren't too many teens who NEED a vehicle. Taking out insurance on a vehicle is also technically a contract, and it is within writing which you need to sign. I wouldn't say it's impossible to transpire, but very unlikely that someone under 18 would hold a vehicle registered in their name singular, and therefore having their own insurance policy. It would be much cheaper to hold the vehicle and the insurance in your parents names until you are just about 21. Source(s): Licensed agent in NY
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