My sons car insurance payments are very high. Can I reduce the insurance premiums by putting the car in his name?
Not likely. A person must be at least 18 years old to own a vehicle in Texas. Therefore, you will need to wait until at least his 18th birthday before transferring title to him if you intend to do that. Plus, you need to look into the cost and availability of insurance. Since he will not be an additional insured on your policy, he will need to obtain his own insurance. As an 18-year-old, the insurance he would need to buy would no doubt be quite expensive, especially if he has a less-than-perfect driving record.
