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Do you have to purchase insurance if you co sign for a vehicle. And your not driving the vehicle?
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Do you have to purchase insurance if you co sign for a vehicle. And your not driving the vehicle?


Additional Details
I'm helpping someone get a loan for a car but their name will be on the title. Do i still have to get insurance.


    




ir_mabcab
My father cosigned for my first car and I was always on his insurance policy. He told me that because the loan was in his name, it had to be on his insurance. Hope that helps.


sanjua m
Rating
please try this
<a href="http://www.anrdoezrs.net/click-174... target="_top">help!</a>


provider
I think you must... You can try to consult on some car insurance site about this problem. You can park on this site http://www.blogtunnel.com for some insurance useful information.


sensible_man
Rating
Doubtful you can get insurance for someone elses vehicle or even on the policy if you are not related and living in the same house. You had better make sure they keep the insurance current though since you co-own the car. If it gets wrecked, you still are obligated to pay for it.


james m
Rating
No,the registered owner has to buy Ins.


no1flcloser
It is my understanding that the person who is driving the vehicle and who parks the vehicle at their address must purchase the insurance. As a co-signer, your responsibility is to pay for the car if the other person on the note does not. All other automobile ownership responsibilities falls on the primary owner/driver.


Katherine
no, but the primary signer probably needs to add you to their policy... some insurance companies are strict on that and some don't care. When I cosigned for my car my dads insurance said i had to be added as a primary driver.





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