Insure a truck that’s not in my name.

Discussion in 'Questions From New Drivers' started by Louisianatrucker, Jun 20, 2024.

  1. Louisianatrucker

    Louisianatrucker Bobtail Member

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    Jun 20, 2024
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    Buying a truck from a friend but will have a balance on it…if still in his name until I pay full balance can I insure the truck under my insurance?
     
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  3. Judge

    Judge Road Train Member

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    you’d have to have him written on paperwork as leinholder or some such, if it’s wrecked he’d get the money for truck until you paid it off.
    I’m sure he’d want copy of insurance as proof…
     
  4. Louisianatrucker

    Louisianatrucker Bobtail Member

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    Jun 20, 2024
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    You do that through the insurance company or your state dmv? And do you know the process ?
     
    Rideandrepair Thanks this.
  5. wis bang

    wis bang Road Train Member

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    Talk to your insurance broker/agent to have the owner named as 'aditional insured' on your insuance certificate aqnd policyt
     
  6. Ridgeline

    Ridgeline Road Train Member

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    Go to the DMV and ask them about how to add a person on the title as a lein holder. The insurance company won't care, it isn't their problem. I would also get a contract written up by a lawyer for the sale and paying it off, this is to protect both of you.

    BUT do not keep it in his name.
     
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