My father doesn’t have credit history because he never used credit card or anything. My credit is way better than him. I’m getting an car loan but worrying about the insurance problem. I’m only 21 in college my insurance will be extremely high so i’m just wrondering can i buy a car with my name and buy insurance with my dad’s name? Are we allowed to do tat?
http://michelle-obama.cn/car-insurance.html
March 11, 2010 @ 2:54 am
In most states the person who owns the car is the person liable for damages, and therefore the person who MUST be insuring the car. Your finance company will also want to see insurance in your name. You may be able to get lowered rates by getting an insurance policy with both your dad and you listed – lower rates for you, and all the legal requirements are still met. I would call agents in your area and ask for quotes; they should be able to run quotes for you showing prices if you had your own policy alone as well as if you had a policy with your dad included. Good luck!