Help me with my car insurance question!?

Queen B

if you put the title of the car in your name, you have to be a named insured on the policy, not just a driver. the rates depend on if you are carrying just liability or full coverage and if you are still going to be listed as a secondary or primary driver. if the title goes into your grandfathers name, you can just call your agent and have them switch out the cars.

Selvam S

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Shut up Children

Well, if it was paid off (old car) than it probably only had liability. If you get a new one, you have to get full coverage which can be costly, depending on car and driving record. I believe you can still be a secondary driver on the new car if your G-pa is primary and you should get a discount for having multiple vehicles (if he has any of his) on same policy. Student discount helps too....good luck

Curiosity Killed Your Cat Not Me

Well since its the same insurance company and you haven't had a break in your insurance you should be good. The insurance agent should be able to give you quotes on both situations so that way you can see for yourself which would be the best way to go. But it sounds you may just have the same premium if you switch over to your own policy with the same company. Also they will look at the new car when determining your premium. Is it a SUV or sedan, new or used, sporty or safe, secure or easy to steal. Your age can make a difference too. Good Luck.

Jazzi 757

It depends, for instance, how old are you? Which state are you in? It is likely that your insurance will increase immensely. It may be cheaper to have the title in your grandfathers name until you are at least 25.
But it gets tricky if you don't live with him and you have the car at your place of residence this is considered fraud. You need your own policy. An insurance company can NON-RENEW his policy or refuse to write the policy if they find this out.

Tom K

The insurance will have to be in the same name as the registration in most states. That is not necessarily the owner.

You are the owner, however, and I can't see how an insurance company is going to consider you as a secondary driver in that situation. Yes, your insurance will go up, disregarding any finance company requirements. How much varies by company and location withon the country.

mbrcatz

They might have "given" you the car, but it's still in his/their name. So it's not REALLY yours.

If the new car is in your name, then the insurance must be in your name, too. The title, regsitration, and insurance name must all match.

You're going to have to get real, live quotes to see how much the insurance will go up, in your name, with your credit score, with a BRAND NEW CAR.

I would NOT put it in your grandfather's name. First of all, if there's a loan on the car, the lender won't allow it. If there's NOT a loan on the car, and your grandfather dies, legally, it's HIS CAR. Any debtor can take it to pay off a debt of his estate, and whoever inherits his estate, gets 'your' car.

â™¥ Uwish â™¥

You would just need to call your agent. Tell them you sold the car and it needs to be removed from the policy.
Tell them you purchased a new car and it is in your name. The agent will be able to let you know if they can just add the new car to the current policy, or if you have to get a policy in your name bc the vehicle is in your name. It all depends on the company and what their underwriting policy and procedures are.

All you have to do is call your agent and give them the new car's VIN number. They may ask a couple of questions as to the type of car, and some of the safety features available on it (ie, anti-lock breaks). They should be able to give you a new quote on price depending on how different it is from your old car. Your grandfather is probably getting multi-car discount on his policy with you on it. If you separate, you will probably have to pay more because of this. However, you can't go wrong calling you agent and asking them. My agent gave me an excellent deal with my good driving record and student grades.

bob shark

You better buy your own insurance.
Secondary insurance has nothing to do with car ownership...only driving amounts.
If you are listed as secondary driver on your grandfathers car, but you are the only driver, the insurance company could refuse to honor any claim made by you....that means you are UNINSURED..and a fraudulant claim follows you around like a bad credit rating.

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