can I insure a vehicle I don't own? update: nope!
 

As of right now, I have full coverage on my Bonneville, and liability on my old lumina, through Progressive. My term ends the end of this month and it automatically renews. It is cheaper for me to insure both cars, instead of just my Bonneville because of the multicar discount. I sold the lumina weeks ago, but I have not told Progressive about it. Is it illegal for me to insure a vehicle not registered to me? The price difference between the two is signifigant, thats why I am wondering.

I think its fine. Its not like you're going to have an accident with it...nor will you be driving it at all, for all progressive knows, you still own it, but even if they found out, hey. maybe its your friend's car your driving. there is nothing that i know of that says you can't insure a car you don't own. but to be sure, i would call progressive and ask anonymously.

Dont think it will be a problem. I have a rich uncle that buys and sells cars all the time and always forgets to take them off his policy. He game me his 92 towncar at least 5 years ago and He only now had it removed from his insurance. To the insurance co money is money lol

This is sort of similar...once I knew I was buying the Bonne, I called my insurance agent and told her that it wasn't mine yet but I was going to buy it in the next week and I had it insured no problems...it was another 3 days before the car was "legally" mine, when all the paperwork was signed and stuff. IMO, I don't see how it would be a big deal, really. I do agree with WJ though, call anonymously and ask! What they don't know won't hurt them!

Good Luck!

Just being curious Andrew...

Would it be possible to have both your car and the GF's car on the policy as a Multi car discount?

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she is spoiled, her dad pays her insurance :?

wont you be liable then if the lumina gets in an accident? (assuming it was running :lol: )

Nope cars not registered to him

At least in Canada you can't. If there was a loss, they would have to pay you (for something you don't even own). The premium is also generally based upon the record of the primary driver. It is really no different than you taking out a life insurance policy on someone else. Although this is "seen in the movies" all the time, it doesn't happen in real life (parents taking out life insurance policies for their own children of course is different). As the insurance agent told me, you can't insure something you don't own.

It's been my experience that it's up to the Insurance company and state laws. Some will...some won't. In NYS, anyone can register a vehicle and have insurance on it, regardless of who is the owner (owner must sign the registration application and you need a copy of their drivers license). But my insurance company (Amica) will NOT insure a vehicle unless the person's name is on the title. ;)

why not buy some super cheap scrap car, park it in the driveway and put the insurance on that?

Make a grill out of the trunk and storage for lawn stuff from under the hood. Its still a car and you can still insure it.

Don't you still have the van somewhere? :lol:

It might technically be construed as insurance fraud.. I dunno how long I would run with it.. Find some $50 beater that runs, and have fun with it in the winter, and keep it as a 2nd vehicle...

And...

Keep up the ticket free streak ;)

Not sure about the differences, but did you know that I could take out a life insurance policy on any of you, and if you croaked, I get paid? If car insurance was anything like that, there'd be plenty of room for some creative business propositions...

:naughty:

im gunna insure all the white cars!!!! :lol:

I guess I'll call Progressive tonight.

I don't have room for a 2nd car at the new house, let alone a beater. If you drive anything older than 1990 you get a lot of weird looks in the neighborhood.

Now here is an enterprising individual....

I am insuring the Bonneville that I bought from James with USAA, but have not transdered the title and they know that.

I still don't understand how insuring two is cheaper than one. Should be more.

I had the lumina as my driver, and the multicar discount takes off a lot.

We'll have to find you an 89 SSE :lol:

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My company will insure a car that you don't own if you have care, custody, and control of it. If you no longer have an insurable interest in it and it is not titled to you, nor do you have care, custody, and control then you don't need to keep it insured. If you want to keep the discount buy another car to replace the lumina. If there is a claim with the lumina and the rightful owners there could be problems because insurance companies have a huge database that keeps up with who has what insurance and effective dates, etc.

Just do the right thing!

I don't understand it either but I go with it! I had full coverage on my Jeep and Comprehensive on the Bonneville because it was just being stored. The Bonneville's ins. cost $180/yr and the multi-car discount on the jeep was $230/yr. So if I had only insured the Jeep I would loose the multi-car discount and it would have cost me $50/yr more than the total of the Jeep + Bonneville.

It's just like airline tickets. Buying round trip is often cheapr than buying one way. Some things are unexplainable.

at one point I was going to drop the full coverage on the cars... And go to liability only...

after I found out the price difference, i decided to stay with Full coverage... And they are under a multi car discount.. ;)

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Once he mentioned the Bonne was secondary.. that explains it. ;)

I called Progressive last night. I talked to a lady anonymously and told her with extreme detail the predicament I was in. She explained that it was illegal, and gave me the exact name of the law, however, she said there is no real way to track it unless he gets in an accident, and even then, it would be very rare that it would come back to me. She said if she was in my shoes, she would take the coverage off of it. I agree'd with her and I went online and took the lumina off today. My insurance premium will increase $60 for 6 months now. Oh well. :P

all that was for only $10 a month? :lol:

give me $10/month and i'll gladly delete this thread ;)

^^^ :lol:

Hey, we learned something, that's worth $60 to someone.

Makes sense to me that it's illegal. It would be like claiming your adult children as exemptions on your tax return even though they are 40 years old and have their own family. It's basically fraud.