How do I insure a car that’s garaged in one state but registered in someone else’s name in another? I still owe money on it; it’s in my mom’s name, but I’m the one driving it. I recently switched my license and didn’t realize it would impact my insurance. Previously, we had been stating that I live with my mom, and if anything happened, I was just visiting from the neighboring state, which isn’t unusual since she lives near the border. We’re currently on the same insurance policy, but I’m looking for advice on what steps to take next. Would it be best to transfer the car’s title to my name and get a new insurance policy here? My credit is good, but I’ve heard some companies don’t allow loan transfers. Any suggestions?
how to insure a car if it’s garaged in one state, but the car is in someone else’s name in another?
It sounds like you’re in a bit of a tricky situation, but there are a few options you can consider to ensure that you’re properly insured while driving your mom’s car. Here are a few steps you might take:
Talk to Your Mom: Since the car is in her name and you’re both insured under the same policy, have a conversation with her about the situation. Transparency is key in these matters.
Check with Your Insurance Company: Contact your current insurance provider to explain the situation. They might be able to guide you on how to best handle insurance when the vehicle is garaged in one state while being driven by a licensed driver in another. They may have specific policies for these situations.
Consider Changing the Title: If it’s feasible to switch the title of the vehicle to your name, this could simplify a lot of things, especially if you’re the primary driver. However, you will need to check with the lender about their policies regarding transferring a car loan.
Look for Specialized Insurers: Some insurance companies specialize in policies for cars that aren’t in the name of the primary driver. Research companies that might offer this type of coverage. Ensure that the policy clearly reflects where the car is garaged.
Keep Insurance and Registration Consistent: Once you decide on a plan, make sure that the car’s registration and insurance policy reflect the same state – either in your name, your mom’s name, or however you agree to proceed.
Explore Alternative Coverage Options: If switching the title isn’t an option, ensure your current policy has the correct information. It might be worth looking into adding yourself as an additional driver on your mom’s policy, as long as that complies with the insurer’s rules.
Seek Legal or Financial Advice: If you’re concerned about complexities such as liabilities, consider consulting with a financial advisor or an attorney who specializes in insurance and vehicle laws.
Remember, maintaining accurate and honest information with your insurer is crucial to avoid any complications, especially if a claim needs to be made. Good luck!