Insurance Question (Who knows legal?)

[NRM]

Well, I'm finally moving out. But I need to figure some stuff out real quick about my car insurance. Currently, my folks are paying 5k a year on my for full car insurance on 3 2001+ model cars. It was a requirement by the insurance companies that I be on the list of EVERY car if I was still living under the same roof. Now that I'm moving out, I plan to cancel my car insurance since I won't need my car anymore.

But my question is, if I head back home for the weekend and take my car out and get into an accident, will it be covered if I don't live there? I thought that if you let your friend borrow your car and they get into an accident, it'll be covered under you because you made the judgement call to let them drive. Is that true? And if it is, is that true in my case also?

I probably won't be driving the car unless I come home for breaks and I don't really want to call up the insurance company and somehow work out getting insurance for just a week that I'm off. But at the same time, one accident could end my college life if I don't have insurance. Big questions.

Does anyone know anything about this or can help me out?

 

[Brad]

well if you cancel the insurance, then it is cancelled on the car. best way to find out would be to just call your agent.

 

[NRM]

Me and both my folks are registered on all three cars on the insurance. So I plan to just drop my name off the list. Still insured under their name though.

 

[Brad]

i would still call them. better to know now, than to find out the hard way.

 

[Protege52003]

you would be covered on their plan if you can prove that you don't live in their household but their insurance company would go after you if you had a plan i bet.....

i bet your rents have coverage for uninsured drivers on their plan if they own a house/s and have other assets.....

it is a touchy aspect with insuance companies in many states.....

i don't have my P&C liscense for NC so I am not 100% sure.....as stated above, call your agent.

-R

 

[NRM]

Yep called them up. Told them I'm moving out closer to school (90 miles away) to kill the commute. If I did borrow the car and anything were to happen, it would be covered under my parents insurance and I will be insured as well as long as I got permission to drive the vehicle.