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If i finance a car does the insurance need to be in my name? If i finance a car does the insurance need to be in my name?
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Old 05-07-2007, 10:47 PM
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FakePlasticTrees is on a distinguished road
Default If i finance a car does the insurance need to be in my name?
This is my first time financing a car, just wondering can my boyfriend insure the car in his name? Thanks!
Last edited by shayne54; 05-08-2007 at 01:18 PM.
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Old 05-08-2007, 01:02 PM
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No I don't think so.
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Old 05-08-2007, 01:48 PM
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Redcat is on a distinguished road
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Yes as long as it's full coverage which most lenders request.
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Old 05-08-2007, 02:25 PM
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Elo Fudpucker is on a distinguished road
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You can do what you want, but if you ever make a claim on this insurance, THEY DON'T HAVE TO PAY.........Insurance fraud is a felony.............Nuf Said
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Old 05-08-2007, 03:16 PM
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jozlilnanjos is on a distinguished road
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No, cause if the bank finds out the car is not in your possession they will send someone to repo it,you could always put both your names on the insurance...
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Old 05-08-2007, 03:42 PM
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riskyrubberduck is on a distinguished road
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depends on the state and such. He might be able to just list you as a driver of the car. You very well could be liable if he were to get in an accident and the other party wanted to sue you for damages since the car would be in your name.
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Old 05-08-2007, 04:52 PM
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edgar r is on a distinguished road
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yes, when i got a car my first time i got it under my dads name but the insureance was under my name.
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Old 05-08-2007, 05:40 PM
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yes but his insurance rate will be high and you will have to be added as a second driver
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Old 05-08-2007, 11:10 PM
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biznitchil is on a distinguished road
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YES. you can put anyone insured on your veh, but it might cost more
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Old 05-09-2007, 12:08 AM
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I dont see why not. I have seen teenagers buying and owening cars and still under their parents insurance.
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