Can your insurance address have a different mailing address?

  • by Alejandro
  • Apr 04,2018
  • 9 answers

So my friend is thinking of buying a new truck but his insurance is thru the roof
He's willing to give me the money and buy the truck myself and insure it myself at my parents house address and just let him drive it. He won t be getting any tickets. And even then. They follow the license not the insurance Right?
We are also thinking of moving in to save rent money (close friends)
Can I change my mailing address to the new place and have my insurance at my parents?
Is there any way they'll find out? They don't open my mails
He would give me some extra money each month to help
What do you think?


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Insurance Answers (9)

mbrcatz 6 months ago

So, what he's talking about doing, is "insurance fraud". Not only is it illegal, but if there's a claim, the insurance company can deny the claim for fraud.
If the car is titled to you - that makes it your car, and that makes YOU legally responsible for any tickets and accidents. And with a friend like that, I'd bet there are a ton. Also, since the name on the insurance, the title of the car, and the loan all have to match . . . YOU will be the one responsible for paying the insurance. You ALSO have to disclose ALL DRIVERS OF THE CAR - which would mean him - which would make the rates jump up.
He CAN use a different "mailing" address on the policy, but he MUST disclose the correct "garaging" address on his policy - and pay the higher rates - if he wants the insurance policy to pay out if/when he has the claim.
Look, there's a REASON his rates are so high. Do NOT get involved in any kind of scheme he's trying to sell you on - it's going to be a disaster for you.

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g 6 months ago

You and your friend would be committing insurance fraud which is a punishable offense by law. Furthermore, if your friend did ever have to file a claim with the insurer it would be denied due to the fraud. So what would be the point?

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Flower 6 months ago

You are committing fraud with the insurance company. You dont know if he will get tickets. And if he has an accident and the car is insured with your parents, they are liable financially. Let your friend solve his own problem.

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lucy 6 months ago

If you do this, then in effect you will be UN-INSURED, since once insurance finds out that you lied on the insurance, it is called misrepresentation, in other words fraud.
Insurance must be in the name of the owner and insurance must know where the car is parked (residence) which is part of the cost of the insurance that could be higher/lower depending on zip code.
Even if you were to move in together, then insurance would want (both) of you listed on the insurance, since insurance knows that (all) licensed drivers that live at a residence, would have access to (any) vehicle parked there.
Now the owner is liable for any accidents, even if the owner is not driving, since insurance follows the car. Yes with a ticket and given by an officer would go against the driver, but if by a red light camera, then it would go against the owner.
Believe me, insurance will find out and when they do and the odds are will be due to an accident, then they will deny the claims for misrepresentation, thus the owner will be liable for all out of pocket costs, since insurance won’t pay.

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Insurance Pickle.com 6 months ago

I think the person who left their gloves off pretty much gave it to your straight made it quite clear. Best way to go through life is to imagine your actions will be posted in tomorrow's newspaper. If you don't like the headline...maybe don't do it.

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H. Marie 6 months ago

what you are suggesting is insurance fraud

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Eva 6 months ago

Never a good idea to commit insurance fraud. The registration and insurance should have the same address, which should also be the same as your license. You would be foolish to let someone else drive a truck that was registered and insured in your name. Any accidents would make your insurance go through the roof. Some tickets follow the registration. Your friend could take a defensive driving course to help get his insurance rates down. He also could buy a cheaper vehicle.

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Steve D 6 months ago

I think you are considering insurance fraud. You make the assumption he won't get into an accident in which there will be property damage or personal insurance and when they investigate they will deny the claim and you get sued, You probably also won't save that much on the insurance - location is only one of the factors involved (age, driving record, type of vehicle, etc are also weighed and these will not change). If your friend drives the vehicle regularly, you have to have him on the insurance so you won't see a savings there.
And last, your insurance follows you and the tickets get linked to your license and then to your insurance - so if your friend goes through a speed camera, guess what - your license gets his points and the insurance goes up when the ticket hits the system. Also, when you change addresses, your insurance goes with you, it doesn't stay at your parent's address.
All in all, there is no upside to this - if your friend can't afford the insurance, he can't afford the vehicle.

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David and Stephanie 6 months ago

So you are going to provide false information to an insurance company for the specific purpose of obtaining coverage at a lower price than you would get if you provided accurate information - that's insurance fraud. The insurance company could deny claims against the policy and you and your friend could both be charged with criminal insurance fraud.
There are plenty of other reasons why this is a downright terrible plan, but the fact that you could end up locked in a federal "Pound me in the ***" prison should be all you need to know.

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