Car insurance for a car not being driven. New driver.

MP3_SKY wrote: ↑ Insure it under your step mon's name, it is her new car anyway and assuming she has her full G License.
Insurance it for only theft, fire. No collision.

I'm surprise that your broker or your insurance agent didn't tell you that or you just prefer a RFD answer.

fusion2k2k wrote: ↑ Home insurance doesn't cover road legal vehicles. The current owner of the car, could they not just keep coverage on the vehicle until you have your G2, and at that point do the transfer, get your own policy, etc? Worse case scenario if the vehicle is parked inside a locked garage, the odds of a theft or fire are quite small, I would probably just go without if it was me.

CNeufeld wrote: ↑ Keep in mind that you can only transfer the vehicle once per 12 months (as an exempt vehicle).

Personally, I’d probably garage it if you have room and leave it uninsured. If it was outside, I’d put on the fire and theft, preferably under your step mother’s name (so you don’t have transfer it.

Or talk to your mother’s broker, as someone suggested.

C

petitepirouette wrote: ↑ Do you mean transfer the ownership or the insurance? If you meant the insurance, then that would mean that if I put it under my mother's insurance, then I would not be able to transfer it to my own for a whole year ... ouch. In that case I would have her place it under comprehensive only until November, then switch to full insurance with myself as the primary (still on her plan??) and I would just pay her the difference in her insurance costs.

It will be stored inside, and my step mother won't want anything to do with it once it's in my hands, but at least I have a back up plan.

vkizzle wrote: ↑ Fire and theft is cheap, in which I pay $81 for each stored vehicle.
Also, adding the vehicle to your mom's policy will qualify her for multi-vehicle discount.

petitepirouette wrote: ↑ My step mother would absolutely never insure it under her name. Maybe when the sun freezes over. My mother on the other hand would totally help me out by doing just that.

I don't have a broker or insurance agent. I came here first to gain some understanding on the topic, do some research, and once the stores open on Monday morning I have a bunch of phone calls to make.

I think, ideally, my mother would add it to her existing plan for comprehensive-only coverage, and I would pay her the difference in price until I can get my own insurance.

COSMIC5 wrote: ↑ the ownership will have to be in your moms name to add to her policy

CNeufeld wrote: ↑ So whoever owns the vehicle needs to get the insurance, but they can add anyone’s name to the policy?

C

petitepirouette wrote: ↑ I called an insurance company (BelAir) today, and they said that in my situation I would be allowed to get limited insurance under a G1 licence.
I would have to get comprehensive and liability together though and it would cost me about $78 a month.
In November I could then switch to full coverage for about $320 a month (subject to change at that time).

As you, COSMIC5, stated I would need to have the car in my name in order for the insurance to also be in my name.
I asked if it made sense to put the car in my mothers name and have her add it to her policy, and was told that she would probably have to pay a comparable amount and at least in my name I could start racking in experience.