Does the car insurance need to be in the name of the person who is on the title and the lien?
After a recent accident, I purchased my first car. On my old car, I was an additional driver on a policy with my mom. My mom was the lien holder and the only one on the title. This was our only car. I purchased the new car. Can I keep my old insurance and still be on as an additional driver if we still plan on sharing the car? I would hate open a new account. I love my insurance co. But what are the real rules? I know the cost will go up. Its a more expensive car.
Yes, the name on the title, registration, and insurance must all be the same. Most of the time, the name on the loan must match the name on the title.
Also, a good place to check is…
http://www.knowledged.info/go.php?link=insurance
All the best to you.
City Car Share – Gas and Insurance
