Can I carry car insurance for a car if the title is not in my name?
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Asked November 10, 2014 by Lauren Lockett
In general, it is possible to carry car insurance for a car if the title is not in your name. However, the specifics can vary depending on the insurance company and the state you live in. If you are insuring a car that you do not own, you will typically need to have what is called an "insurable interest" in the vehicle. This means that you will need to have some financial stake in the car, such as if you are the primary driver of the car or you are making payments on the vehicle. Insurers will typically require you to demonstrate your insurable interest in the car before allowing you to purchase insurance coverage. Additionally, if you are not the legal owner of the car, the owner of the vehicle will need to give their consent for you to insure the car. They may need to provide some information to the insurance company, such as their contact information and the nature of their relationship with you. It's important to note that if the car is involved in an accident, the insurance company will typically only pay out claims to the legal owner of the vehicle. If the car is not in your name, you may need to work with the owner of the car to ensure that any claims are handled properly. In summary, it is generally possible to carry car insurance for a car that is not in your name, as long as you have an insurable interest in the vehicle and the legal owner of the car gives their consent. However, it's important to understand that the insurance company will typically only pay out claims to the legal owner of the vehicle in the event of an accident.
Answered February 19, 2016 by mziarnik