Someone close to me, wants me to insure their car on my name. They also want the car registered on my name. The thing is I would, however, the person gets lots of traffic tickets and violations. On top of that he gets into an accident here and there. Now I know this will affect my insurance premiums, and I am fully aware that he will pay those premiums. So that is not the issue, however I'm worried about my driving record. Can his mistakes cause my driving record to slip, even though it is him driving, althrough the car and insurance is on my name? Can this effect me any way possible, other than the premiums? I want to become a professional driver one day for a certain job, and i know they check the driving records. So what should I do? And what effect will this have on me?
2006-11-13 16:25:25 · 9 answers · asked by wisdomprinze 1 in Cars & Transportation ➔ Insurance & Registration
They want to use you because they have already ruined their own record. of course it will ruin yours.
2006-11-13 16:31:25 · answer #1 · answered by stoneman 2 · 1⤊ 0⤋
Since you need to prove ownership of a car to get it registered under your name, you are basically saying that this will be your car that someone else is driving but they will not be on the insurance policy. If your friend crashes your car or gets a moving violation, you aren't going to get points against your license. Only their driving record will be affected. Parking tickets are against the owner of the car so all those would be your responsibility. If your friend doesn't pay the tickets, the city will enter a default judgment against the registered owner (YOU). Other than that, you're only risking destroying your insurance record.
There are other problems with this that involve the insurance policy. Most policies cover people that borrow your car if it's a random occurrence. If your insurer finds out that you are not the primary driver, they may claim that you provided false information on your application and deny any accident claims. Some policies may state that they refuse to cover any other drivers at all. As far as I know, all household members need to be on the policy, so if this person lives with you and gets in an accident you may be looking at a bigger problem when they find out you share an address.
You are going to regret this.
**I just read the question again. If this person gets numerous tickets/violations and gets into accidents then the insurance company is going to get pretty suspicious when they see you weren't the one driving each time. They're going to wonder why you haven't added this person to the policy as a 2nd driver. It may not take too long before they find out.
2006-11-13 17:55:27 · answer #2 · answered by Pico 7 · 1⤊ 0⤋
driving records are done by SS#'s so your records won't get confused.
but here is the problem.....the vehicle is in your name...insurance will be in your name....meaning you'll have to do the tags as well in your name....its great you want to help a friend but.....now that car is legally yours. meaning each accident, ticket, etc that he gets into.....you are responsible for it. if he doesn't pay them, show up in court, gets a lawsuit, etc.....you go down for him.
not to mention each ticket will drive your premiums up causing you to pay more and could get your insurance dropped and make it about impossible for you to get insurance again.
seems like this friend has many issues in this department and to lend a helping hand past advice or loaning of a few bucks....you are 100% gonna get screwed over.
he dug himself into this mess so let him be an adult and dig his way out. even if this means a buy here pay here car and high risk insurance rates.
2006-11-13 16:33:19 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It cannot effect your driving record as far as points against your liscense, However multiple violations made by another party in a car registered & insured in your name could one day make it difficult if not impossible to get an insurance company to carry you. That would mean you could no longer drive your own car legally. Just say no!
2006-11-13 16:37:35 · answer #4 · answered by antiekdilur 3 · 0⤊ 1⤋
Your quality shot is to visit a person like Bank of America or one of the most online bank card organizations and open a secured bank card account. You submit $250 or extra (as much as round $five,000 I think) and that's you credit score prohibit. After a while of publicity one of the entities (B of A) will provide you your deposit again and provide you an unsecured account and permit you to open a bank account. You are not looking for a bank account even though you probably have a bank card. Look at the Internet for "secured bank cards" and be careful for absurd curiosity charges ( 19%-24%) opt for cautiously there are a few with fair charges (14%)
2016-09-01 12:11:53 · answer #5 · answered by ? 4 · 0⤊ 0⤋
I dont know if it will hurt your records, but I was always told to NEVER get anything for anyone else put in your name! Obviously, they have wrecked their own. There are insurance companies out there that do insure wreckless drivers. Just look them up in your local yellow pages.
2006-11-13 16:35:48 · answer #6 · answered by prudentzeta 2 · 0⤊ 1⤋
NEVER DO ANYTHING THAT REMOTELY RESEMBLES THIS!!
All it will do is open up a can of worms you won't be able to close. Same with cosigning a loan, NEVER!!
If it hurts this friendship, so be it. It's better to hurt it a little now than crush it later with legal problems.
Remember, stupid is as stupid does.
2006-11-13 17:52:09 · answer #7 · answered by Anonymous · 0⤊ 0⤋
dont do it he will ruin your life
2006-11-13 16:40:48 · answer #8 · answered by doug b 6 · 0⤊ 0⤋
this is just asking for trouble, don't do it
2006-11-13 20:55:24 · answer #9 · answered by Anonymous · 0⤊ 0⤋