"Some companies will list the young adult as the 'named insured' on the policy with the parents listed as having the financial interest," Newman says. "Some companies will only issue a policy to the legal owner with no exceptions. Other companies will insure the car, list the young adult driver and charge a rate based on the primary driver's [the young adult's] age, driving record, mileage to work, garaging location, etc."
Insuring A Car You Don't Own
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