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If the father is primary and his college student child is cosigner who is responible for the insurance?
Updated: 9/15/2023
The answer will vary from state to state, loan to loan and insurance company to insurance company. However, in most jurisdictions the DRIVER is responsible for insurance, regardless of who owns/titles/leases the vehicle. If I understand your question, you are asking whether the principal on the loan or cosigner is responsible for insurance? Most insurance companies could give a rats donkey WHO carries insurance, so long as insurance meets the loans stipulations, but you would be best suited asking the insurance company.
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Earn +20 ptsQ: If the father is primary and his college student child is cosigner who is responible for the insurance?
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