Sports car insurance... Wil it be cheaper if...?

Clinton Quant: It may be cheaper if the car is in your parents name but it will not be cheap. Read below for the rules on cars and drivers in the same household;Insurance companies want to know about all licensed household members (it does not matter if they are young or old) so they can calculate their potential risks for having you and these drivers covered by your insurance policy. When you purchase liability insurance (which every auto insurance policy has), there is a law that requires insurance companies to cover all household members who have a drivers license. Most all insurance companies will require that you either add licensed household members to the policy or exclude them. This is because as household members it is assumed they have access to your vehicles and may drive them at any time. These drivers are thus a risk/rating factor to be taken into consideration.Many state laws require it, and your policy contract has in it terms that say you must inform th! em of licensed drivers dwelling in your household, so that they can add him as a driver to your policy and rate accordingly or exclude him. Excluding anyone from your car insurance would mean that you are not paying extra on your policy to have him/her as a driver and thus they are not extended any coverage by your insurance policy if they were to drive your car and be in an accident, even if it were an emergency situation.So most insurance companies will require you to place the non-relative household member on your insurance policy as a driver if he is licensed. All licensed household members are normally required to be listed as a driver or excluded on an auto insurance policy by the insurance provider.If you have a licensed household member, whether a relative, roommate, etc, the insurer believes that the person will have access to your vehicle and thus is a rating factor that should be on your insurance policy. If the person really is not going to drive the insured veh! icle then there should not be an issue with excluding them. Wi! thout you signing off on the exclusion the insurance company cannot really believe that a licensed household member may not drive your car.State laws differ however. Typically, insurance companies are allowed to use classifications that reflect a possible exposure for liability on the part of the insurer, in the event that bodily injury or property damage occurs due to the operation of the vehicle by anyone in your household.The perceived risk for non-household members by an insurance company is different and that is why you can normally let a friend that does not live with you borrow your vehicle without adding him or her to your policy.A friend may occasionally borrow your car and be covered by your insurance because they do not have regular access to your car and thus are not rated as a risk factor on your policy. If you do have someone outside of the household that regularly drives your car then normally an insurance carrier usually would also want this person listed ! an occasional driver so they would be properly covered in an accident....Show more

Rebeca Mckin: You could be added to your parents' insurance, if it is okay with your parents, but it is still a sports car, and you will still be 18 years old, so it is still going to be a lot more than you were paying for insurance on your truck.You are in a higher risk age group, and you are driving a higher risk vehicle,There are many nice vehicles you could buy instead of a sports car if you can't afford the insurance. 43 years I have been driving, and have never wanted to pay the insurance premium on a sports car, even now with a claim free record and maximum discounts on both insurance and driver licence....Show more

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Foster Koopmann: Compare quotes from the best companies at! http://HELP.INSUREQUOTE.INFO/-mztizMD602RE Sports car insurance... Wil! it be cheaper if...? Well im 18 years old and still live with my rentz. I have a job and i make 1400-1600$ a month. I have only a few minor bills. Here in about 3 weeks im buying a 1996 pontiac firebird v6 coupe from a dealership. Before i buy the car i need some insurance info. Iv been to over 10 of the leading insurance companies and gotten rate quotes and there all 400$+ a month.. This is suprising because i only payed 120$ a month for my old car ( f150). So im wondering if my insurance will go down if my parents add me and my car to there insurance? If so how would i go about this? And how much of a price difference would it be? All answers are appriciated.. **No Spam Please**...Show more

Saran Stealy: Get and compare quotes from different companies at - INSURERATES.INFO-RE Sports car insurance... Wil it be cheaper if...? Well im 18 years old and still live with my rentz. I have a job and i make 1400-1600$ a month. I have only a few minor bills. Here in about 3 w! eeks im buying a 1996 pontiac firebird v6 coupe from a dealership. Before i buy the car i need some insurance info. Iv been to over 10 of the leading insurance companies and gotten rate quotes and there all 400$+ a month.. This is suprising because i only payed 120$ a month for my old car ( f150). So im wondering if my insurance will go down if my parents add me and my car to there insurance? If so how would i go about this? And how much of a price difference would it be? All answers are appriciated.. **No Spam Please**...Show more