Questions about car insurance agents.

Car insurance questions?

• okay im 19 livin in MICHIGAN. My driving record sucks, (2) accidents i got rear ended, (3) speeding tickets a total of 7 points license is restricted till jan, 2012. I want a car but its around 600-900$ a MONTH to insure me, 99 dodge neon to a 2010 mustang gt all the same price a month depends what insurance company. i cant be on my parents insurance because they excluded off their policy. I allso live in a apartment, so is it possible to buy a insurance policy in my moms name with her correct sos number and drivers license number and lie and say she lives with me in my appartment and put me as a secondary driver. but the car ill be fiancing so i need full coverage and the car is in my name . My questions are (A) my mom uses lifelock will she find out that i opened a policy in her name. (B) will the insurance company find out about that my mom doesnt live their or would they find out at all. AND MY MOM LIVES AT A ANOTHER ADDRESS. (C) is it legal to own and fiance a car thatS in my name but insurance is not" ill be listed as a seconday driver under my mom". (d) my mom WOULD NOT KNOW IM DOING THIS. I KNOW THATS FRAUD BUT U GOT TO DO WHAT U GOTTA DO how would anyone know what im doing and find out about it

• Answer:

  Talk about a mess you have. Now you know why car insurance is so expensive for young people, since most young people get tickets and have accidents. Will start with basics 1st. On any accident or any ticket, stays on your record for 3 years and then drops off. So as an example, your 85/70 you got in July 2009 will drop off in July 2012. So if the other points came after that, will drop off 3 years later, but it will be at renewal, not specifically on the month. Also, car insurance will not be much cheaper till age 25, so you have another 6 years of high premiums. With your 2 accidents, you state got rear ended and if so in both cases is in your favor, since those would be considered non fault accidents. But if one of them you were at fault, stays once again for 3 years. Even if both are rear ends, may "surcharge" some, since you were in an accident. Now here is what is really important that you must understand. When you buy insurance, you MUST list where you live, since depending on where you live, can cost more or less. If you list your mother living with you and she does not, they will find out. When you finance a car, you MUST buy full coverage till the car is paid off. When you take out a policy, they notify the insurance company, that they have a lien on the car, and if you forget to make a payment, the insurance company notifies the lien, then they put "forced" insurance on the car. The fact that your mother has you as an excluded driver means serious business. If you ever drive her car and if in an accident, they will deny ANY claim. If in an accident and when the insurance company finds out you lied when you bought insurance, then they call this "misrepresentation", and they will refund your premiums and in effect you are UNINSURED. So you would have to pay for YOUR car damages, any injuries to other parties and the other guys damages. Do you have anywhere from $50,000 to $100,000 to pay for all of this? Get the picture?