How do I transfer a vehicle to my daughter and switch insurance coverage from my policy to her own?
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Asked July 1, 2015
Transferring title of a vehicle to a family member is no different from transferring to a stranger. All that’s necessary is to sign on the back of the title where instructions tell you to sign. From that point, it is necessary for your daughter to take the signed title to the Department of Motor Vehicles (which may go by a slightly different name in your state) and apply for a new title, paying for required fees and providing proof of insurance. If she is continuing to pay for the car, you will want to be listed as a lienholder, which will result in you receiving notices of any changes in the insurance policy.
Insurance is required in most, if not all states before a vehicle title may be processed. To acquire insurance, your daughter must have a valid driver’s license. If she resides in your household and will continue to do so, you need only add her name as driver-owner of that particular vehicle to your own policy. If she does not, and will not reside with you, she needs to apply for her own separate policy, whether with your company or another of her choosing. If she has been previously insured in your household, that policy will help her with getting reasonable rates. Do not cancel her coverage in your household before she acquires a policy, as any period of being uninsured will increase her premium.
Once she has insurance, the vehicle must be registered in her name within thirty days unless you carry it on your household policy. Thus, in most cases, insurance needs to precede registration and title transfer. In most cases, the DMV agent and the insurance agent will be happy to walk you through the process, which is not at all difficult.
Answered July 10, 2015 by Anonymous
my dad got me a car and can I be put on the regs.
Answered July 8, 2015 by kjdecamp