Teensurance by Safeco

[mjm2005]

Hmmmm...this whole legal age thing is interesting. Even though it doesn't apply to me.

I wonder if a person could set up a trust for their child and have the trust own the car. And have the insurance for the car be in the trust's name. Hmmmmm. Loophole?

Or, what if the parent (if they had the time/resources) were to-->

1) Open a business (one in which could own assets)
2) Have the business purchase and own the car
3) Have the business be the insurer
4) Add the teenager as a primary driver of the vehicle the business owns.