insuring 2nd vehicle for my daughter
My daughter recently got her licence and is looking to buy a used car.
Would it be cheaper on insurance for me to buy the car (as a 2nd vehicle) and insure her to drive it or have her buy it and insure herself?
Daughters Car
It would probably be less if you bought the car and added it to your policy. However, keep in mind that if she has an accident, then it would affect your rates too. I'd get quotes both ways if I were you:
FREE Auto Insurance QuotesOther Pages of Interestcar insurance in Ontario Canada Car Insurance CanadaCar Insurance Quote CanadaAuto Insurance QuestionsOr Ask another question at
Ontario Auto Insurance Questions and AnswersNote: Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility. Make sure you review the "please read" page.
www.canada-insurance-source.com