Co-Owner on Car Title and Insurance
My husband purchased a car under his name, and we would like to add me as a co-owner on the title. Is this feasible? We are both international students with no prior driving experience. If I’m added as a co-owner, will this affect the insurance premium? We both plan to drive the car. Thank you!
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Yes, it is possible to add you as a co-owner on the car title, but the specific process can vary by state or country, so be sure to check your local Department of Motor Vehicles (DMV) or equivalent authority for the exact requirements. Generally, you will need to complete a form to add you to the title and possibly pay a fee.
As for insurance, adding you as a co-owner and driver might affect the insurance premium. Insurance companies typically consider factors like the driving history, age, and experience of all drivers listed on the policy. Since you mentioned that you both are new drivers, this could potentially result in a higher premium. It’s best to contact your insurance provider for a quote and to discuss how adding you as a named driver may impact the cost. They can provide guidance and help you find the best coverage options for both of you.