Ownership of car different from person taking out the loan
My son is taking out a loan to buy a car, that he and I will both be using. My husband and I also have a van, currently in my husband's name. If I put the car in my name, but the loan is in his name, can I still put myself as the principal driver and him as the occasional? Principal DriverWho ever is going to drive the car the most can be listed as the principal driver. But if he owns the car, and will be driving it the most, he should be the principal. Please be sure to discuss this further with a licensed insurance representative. Oh, and by the way, are your rates too high? Check here: Other Pages of Interest car insurance in Ontario Canada Car Insurance Canada Car Insurance Quote Canada Auto Insurance Questions Or Ask another question at Ontario Auto Insurance Questions and Answers Note: 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. |