Most carriers allow your parents to carry the insurance for more than two vehicles though there could be some problems if you both live in different residences. All carriers require you to be listed as an insured driver if you are the main driver of your parent’s car.
Do You Want To Feature?
The misinterpretation starts when you begin to think that not adding to the policy of your parent’s is the most inexpensive way to drive. If your parent pays insurance as a driver, his/her rates have absolutely no influence on yours even if you are added in. Most insurance companies deny such coverage in crucial scenarios such as accidents. It is, however, a very inexpensive way to deal with insurance policies. Though this could well be listed as insurance fraud, it could be too hard to prove anything. If you could ask your parents to add you in, there is nothing like it. The rates could as well go up, but it is always cheaper than getting a new policy.
Household Member
“Household” is an important term in insurance companies. If you, married or unmarried, are living with your parents, you are considered to be a member of the household. This means that you should be indeed registered in the policy. So, the only way to exclude a household member, such as you, from an insurance policy could be when you have your own policy or when you have never been licensed to drive.
Safe Play
The safest route of action for parents is to insure the car in your name. Placing the name of the car under your parent’s name is within the law but it calls for unnecessary investigation often. So, insuring a car in your name poses the least threat in all occasions. It erases all the kinds of suspicion rising from the mind of the insurance company.