Is it possible to take out car insurance in your name on a car owned by your sister?In: Auto Insurance |
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If you borrow my car I lend my insurance
No, to insure a car, you must show an "insurable interest" --- like an "owner." She could sell you the car for next to nothing so as to save on sales tax, then transfer it into your name if she trusts you.
Another thing your sister should consider. As long as the car is titled in her nwme, she will be named on the lawsuite when you go out and mess up. If this car is *not* listed on *her* auto insurance, then she will have no insurance company to represent her in the lawsuie.
The best way to handle this situation is to change your address to her address, and add you as a driver to her policy. Then, if you have a wreck, there is no confusion whos insurance will pay and who will have representation by the insurance company at the insuing trial.
First answer by ID1185775079. Last edit by ID1185775079. Question popularity: 16 [recommend question]
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