Title: Seeking Advice on Insuring a Vehicle I Can’t Drive in California
Post:
I am disabled and don’t drive, but I’m looking to purchase a vehicle. Here’s my situation:
I got my driver’s license at 16, but after a car accident at 18, I now rely on a motorized wheelchair and need a wheelchair accessible vehicle (WAV).
My family initially bought a low-cost van that is registered in my parents’ name. Now, I’ve been working and have a good income, so I’m ready to buy a used WAV that costs around $80,000. I qualify for financing and can afford the payments.
My question is: how can I insure this vehicle as the owner but without being a driver? My parents, with whom I live, would be the insured drivers. Would it make more sense to have the vehicle purchased in my parents’ name rather than mine?
Additional Context: I currently own a vehicle and have auto insurance with myself listed as the driver, though I plan to sell that soon. Insurance costs me over $3,000 a year, which feels excessive since I can’t drive. I’ve had my license since my last renewal during COVID, but since I can’t really drive due to my disability, I’m not sure about its validity.
Any advice would be greatly appreciated!
It sounds like you’re navigating a unique situation, and there are a few options you can consider when it comes to insuring a vehicle you want to buy but cannot drive. Here’s a breakdown of your potential options:
Purchasing the Vehicle in Your Parents’ Name: This is a common approach in situations like yours. If your parents are the primary drivers and you do not plan to drive the vehicle, it may be simpler to have the vehicle registered and insured under their names. You can still be listed as the owner, but your parents will need to be the primary insured drivers on the policy. This could potentially lower your insurance costs as you won’t be paying for a policy that includes you as the driver.
Insurance Coverage: When you go this route, let the insurance provider know about your arrangement. They can help you find the best policy that meets your needs, and they will likely have experience with similar situations. You should discuss how to structure ownership and insurance to ensure everyone is covered in case of an accident.
License Considerations: Since you’re concerned about the validity of your driver’s license, consider reaching out to your local DMV to clarify your situation. If you are indeed unable to drive and your license is not valid under your current circumstances, it may be best to surrender the license to avoid potential legal issues down the line.
Consulting with an Insurance Agent: Given that you’ve had concerns about high insurance costs in the past, speaking with an insurance agent could provide you with tailored recommendations to find more affordable coverage. They can help you explore policies that take into account that you won’t be driving the vehicle.
Alternative Mobility Solutions: If you’re solely using the WAV for accessibility and organized transportation, you might also consider looking into local programs or services that assist individuals with disabilities, which might provide better alternatives for transportation without taking on the full responsibility of vehicle ownership.
Ultimately, discussing your unique situation with both a financial advisor and an insurance agent will help you make the most informed decision about purchasing and insuring a vehicle that meets your needs. Good luck!