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Old 08-17-2019, 02:03 PM   #1
CARMARK
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Default Can 15 year old buy and pay for his own insurance?

Can 15 year old buy and pay for his own insurance on a motorcycle and car?

Will insurers let him do it in his own name?

He wants the car now but can only start driving next year,

(he earned some money so he can afford it but...)
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Old 08-17-2019, 04:24 PM   #2
adjusterjack
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Default Re: Can 15 year old buy and pay for his own insurance?

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Can 15 year old buy and pay for his own insurance on a motorcycle and car?
As a practical matter, no. Minors can disavow contracts which is why businesses don't enter into contracts with minors.

I worked in the insurance industry for 35 years so my educated guess is that no insurance company will allow it.
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Old 08-18-2019, 08:59 PM   #3
CARMARK
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Default Re: Can 15 year old buy and pay for his own insurance?

Excellent.

I din;t knoe the reason but it just seemed not right to me!

Thanks!!
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Old 08-19-2019, 04:13 AM   #4
Lexus
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Default Re: Can 15 year old buy and pay for his own insurance?

Legally it is not possible for a minor to buy and pay for a car in his name and to take insurance.
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Old 08-19-2019, 08:27 PM   #5
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Default Re: Can 15 year old buy and pay for his own insurance?

Why can't the parent just buy for him with his funds?

Are you against what he is doing?

He sounds like a pretty sharp guy if he made his own money already.
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Old 08-20-2019, 10:00 AM   #6
Highwayman
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Default Re: Can 15 year old buy and pay for his own insurance?

Why does this stupid kid want to buy a car and pay for insurance when he an't even drive for another year?
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Old 08-21-2019, 07:38 AM   #7
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Default Re: Can 15 year old buy and pay for his own insurance?

Probably because the car is a great deal.
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Old 08-21-2019, 07:42 PM   #8
Highwayman
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Default Re: Can 15 year old buy and pay for his own insurance?

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Probably because the car is a great deal.
Useless speculation.
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Old 10-09-2019, 05:38 AM   #9
thomasben2296
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Default Re: Can 15 year old buy and pay for his own insurance?

No, you need to wait until 18 years to pay for your own insurance.
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