Can you get car insurance on a friends car?

Answer 1

Insurance for a Friends car.Yes you can so long as you also schedule the owner as an insured. State Law requires that all Operators of motor vehicles on public roads carry proof of Financial Responsibility. That creates an Automatic legal Liability Interest and requirement in you and the vehicle your driving. The owner and any permitted operator have an interest in the insured status of the car.

If You have permissive use from the owner of a vehicle, then obviously you have an insurable interest. However, Only the Legal owner of the Property or the designated agent of the owner can receive compensation for the property in the event of a covered property loss.

Avoid any problems with legalities, the insuring contract or vehicle registration and inspection renewals, address owners and drivers. you should list both yourself and the proper owner and any lien holders as insureds on the application. Insurance Company underwriting guidelines require it.

We have Customers regularly buy insurance for vehicles of relatives and friends. Just honestly disclose your situation up front. Don't misrepresent, honestly disclose all risks and insure all the interested parties. You may have to make 2 or 3 calls before you find an Insurance Agent who knows how to appropriately address the risk but you should have no problems obtaining the appropriate coverage.

Failure to properly disclose all interested parties can void your insurance coverage.

AnswerNo. The owner of the car is the only one with insurable interest so they have to have insurance on it. Also, the local DMV requires the title/registration name to match the name on the insurance policy.