Can i have an insurance policy on a vehicle if i am listed as the cosigner and the actual owner does not have a license?

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My boyfriend bought said vehicle and registered it, I got the ins from Geico and now they are refusing to continue to insure

Asked July 18, 2017

1 Answer


With any auto insurance, the person who is primarily driving and or is on the loan for a vehicle must be listed on the insurance. Since you also have your name on the loan you have invested interest in the car, there for, have a reason to be on the insurance. Considering he bought the vehicle, I assume he has intentions to get his license and begin driving it. The company should not be fighting you on the matter of having your name on the insurance, since you co-signed. Where they might be having issues, is the fact you are carrying the insurance but he is driving it and also owns it. Insurance companies must rate all drivers within the household in order to give the proper rate. By giving them all applicable drivers, you allow yourself to be properly insured and the company to provide you the correct amount of coverage. This is one of the biggest reasons auto insurance is going up. Parents do not add other drivers such as children or spouses to the policy and when they file a claim for an accident they have to pay out but were never rating you appropriately. Then the company pays out thousands of dollars and loses money on the claim, which in return makes auto insurance rates go up. If they fight you on having you on the insurance, I would shop around for a new agent.

Answered July 19, 2017 by ailee44

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