When buying car insurance is it better to have your dad own the car and put you as the additional driver to s

Question

When you purchase car insurance is it better to have the car under your parent's name for ownership and add your self as an additional driver for your own policy to save money even when you'll be driving most of the time?

Answer 1

It would be cheaper to add you in dad's policy.

And you can easily check how much you will save on quotes - in internet, for example here: http://autoinsurance.noneto.com

Answer 2

It might work , but on your dad's insurance policy that he pays there is a line that he has to fill out that he states there is no driver in the household under 21. If there were his insurance rates would go up- it's extremely hard to beat the system.

Answer 3

This is an old 'trick' and insurers are getting increasingly wary of it. they've always known it went on... but they're now stamping down on it.

If you are the 'main' driver it should be insured that way, not with you as an additional driver which is really an option for a more 'occasional' driver or where there is little difference in the risk profile, i.e. husband & wife of same age and driving experience.

You might get away with it, but if the insurer gets picky they are quite entitled to refuse to pay out, personally I wouldn't take the risk.

Answer 4

That really depends on the kind of car, how old you are, and how long your parents have had their current insurance. The best way is to get quotes from insurance companies in both instances, and to quote adding you onto your parents policy.

Unless you have a particularly older car, and/or only getting liability; you might benefit more from having the car on your parent's policy. They would get a multiple car discount so they'd pay less, and you could always pay the difference. You may or may not have to change the title to their name, be sure to ask.

Answer 5

You should go for a proper program with an expert's help for a better  management. Check out here for some useful info and tips.http://car-insurance.online-tips.info/au...

Answer 6

If you respect your family, please do not do this.

The greatest danger is that there will be an accident.

If an accident occurs, this can really harm your family, especially if the insurance does not cover the incident (all policies can have exclusions).

  

One horror story occurred when an uninvolved woman loaned money to a nephew to purchase a car.  He had an uncited accident.  The passenger sued.  He won just under a million dollars.  It devastated the aunt.  Her life savings were promptly dissipated.  Imagine how easy it would be for a lawyer to seize your family's home and other assets if the nexus is even greater.  

Please do not put your family at risk.

Lawyers have a reputation.  

They have earned that reputation.

Answer 7

no,there is no rule like this you can have your policy in your name no problem in that

Source:http://www.insuranceplan4u.com