Teen car ownership and insurance
June 22, 2012 3:10 PM Subscribe
My 19 yo son is ready to buy a car. From an insurance perspective (cost and/or risk) does it matter if the title is in his name or mine?
posted by j810c to travel & transportation (8 answers total)
Details: state of IL, my driving record is excellent, he is newly licensed. He will be the main driver and will take the car with him to school in WI in the fall. I have my own car. We're splitting the cost of the car, and I am paying for the insurance. I want to spend as little as I can on insurance, obviously, but keep it legal and I don't know if there are any other risks.