I live with my mother in her household and have my own car currently, paying insurance. My parents are getting divorced. My dad has a better credit rating than my mother so I am getting a new car financed in his name. The new car would be registered in his name and I would no longer have my car.
The car would then have to be insured in his name, correct? What would happen with my insurance? Would I just have to call and tell them I am getting rid of my car? If so, what about my mothers car (I would still be licensed, I would not need to drive her car though)? Since I am not in his household I cannot be on his insurance, correct? So therefore he would be giving me permission to drive it and if something were to happen (ie: speeding ticket or accident) his insurance would sky rocket because I was driving?
Any thoughts? I am so confused on how to handle this with the insurance...
The car would then have to be insured in his name, correct? What would happen with my insurance? Would I just have to call and tell them I am getting rid of my car? If so, what about my mothers car (I would still be licensed, I would not need to drive her car though)? Since I am not in his household I cannot be on his insurance, correct? So therefore he would be giving me permission to drive it and if something were to happen (ie: speeding ticket or accident) his insurance would sky rocket because I was driving?
Any thoughts? I am so confused on how to handle this with the insurance...
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