I agree with Scott and would like to add that in many states the owner of the vehicle is obligated to purchase insurance in their name. Often, companies limit policies to vehicles either jointly owned or owned by spouses residing in the same household. The other serious, financial consideration is that if you insure the car in your name, you become the legally responsible party for any injuries that may be caused by this vehicle. If a ticket is issued, such as to the vehicle beingparked illegally or driving through a "fast-lane" improperly, the ticket is issued to the registered owner which could be the parent. We have seen this cause points on parent's license when their child ignores inspection laws or parking rules. The parent receives the points. If a parent chooses to insure a car for their child, they should be sure to purchase good liability coverage and be sure the child is named as the Primary operator of that vehicle. Any misleading information can result in a claim being denied.