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Posted in Auto Insurance
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Question By
jordonhumphreys2

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If I cosign a car for someone, can I put that car on my insurance plan
so If person A signs for the car to get their rate, and person B co signs, could the car go on person b's auto insurance plan

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Top Contributor
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No, no, no. Do not  cosign on the loan unless you can make all payments comfortably. You could only insure the vehicle if you're going to be on the title. If you're not the registered owner,  the insurance company considers this fraud. 

Reply by
jordonhumphreys2

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A friend of mins grandmother cosigned for her. She was allowed to put the car on her grandmother's insurance. So would this not apply ?

Top Contributor
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Perhaps the grandmother was your friend's guardian, but if said friend is an adult, this would still be a fraud and will eventually be found out and dealt with.  Frankly, only a fool cosigns for another. If someone needs a cosigner, they do not have sufficient good credit history to buy a car or house.

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