Retarded idea!

i had to go over this issue with another friend as well, because i didnt know if i can get insured under my own name @ 18. turns out i can haha

Lol

definitely dont do it if thats the case.. since when are chicks good drivers?

The "hit" will follow the car and not the person, but if he/she sells the car the and does not buy a new one, it will go to the Principle Operator (in this case the original poster).

In short, don't do it!

It;'s called "fraud". You can be charged in criminal and civil court and you will be held responsible for anything your friend does. I wouldn't do it for my own kid and I would not do it for a "friend". Run from this guy and have nothing whatsoever to do with him. He wants you to willingly break that law to benifit HIM! Nor a smart move.

dude u might as well hook us all up

rs insurance group buy sponsored by armind anyone?:D

I've always been under the impression that it follows the driver, not the car.

For instance, if I am a bad driver, and I crash my dad's car, it goes under my record. Now when I try to insure a car, I have to pay the increased premium because of the accident. My father is unaffected in terms of his insurance on his car. It is only when i try to insure any other car (including the car i had gotten into the accident with) under my name, does the premium come into affect.

My freinds from Calgary where it is privatized insurance say that the insurance does follow the car as well asthe person. However, I believe with the system we have in BC, it follows the driver.

Correct me if I am wrong, I always hear different things from people and could totally be talking out of my ass.

It follows that particular car, the one in the accident. However, if the car will be canceled then, it can follow the driver or the owner of the vehicle. It is called an "floating claim", which means its not attached to anybody yet, and whoever purchase the insurance first will deem the increase in premium.

1. Misrepresentation - making a wilfully false statement in a declaration about the principal driver. If there is an accident it is likely that ICBC will discover this. Why bother buying insurance at all. You (and him/her) won't have any.

2. Claim Rated Scale - your premiums can be affected by an accident. However, this is a lesser issue; so

3. Third Party Liability - you can both be held liable:

a. If ICBC does find out that you’re not the principal driver – again, you will have no coverage. Not just for repairs to your vehicle. You will be personally liable to the innocent victim. This means not only the damage to their vehicle, but if they are injured, also for their lost income, medical costs, rehabilitation, legal expenses, etc. Don’t want to pay? It doesn’t matter – they can have your wages garnished for ever and all time until you’ve paid back every penny.

b. If you manage to convince ICBC that you are the principal driver – expensive catastrophic accidents do happen. If your friend screws up badly enough to cause a large loss, guess what? They’re coming after both of you for costs that are above your third party liability limit.

Are you still wondering if it is worth the risk?

i'll give u $20. can i borrow ur drivers license for a week :D

No offense, but what kind of friends do you have? Same with the bs some people say about how you can't mix friends and business. A truly solid friendship does NOT get ruined by stuff like money. Imho if your friends are going to disappoint you, that's a big red warning light that your friends suck and it's time to make some new ones.

Back on topic: just like everyone else, bad idea.

^ do you have a bunch of underlings that will die for you?

I wouldn't risk my shit for my friends. Be that shit credit/criminal record/anything of any importance. Geez friends *= wives.

Who the fuck would?

is ur friend a heat bag
i think its a great idea
do it