In Florida, can one person buy a car while another person buys the insurance?

My roommate and I want to buy a car to share. Can I buy the car under my name while my roommate pays for the insurance under their name?

“No matter which state you live in, only someone with an insurable interest in the vehicle is typically able to purchase insurance for it. Insurable interest basically means that you must have a legal interest or financial stake in the vehicle you’re insuring.
You’ll have to prove that your roommate has insurable interest in the car. Some insurance companies may be open to selling a policy to your roommate; others may refuse to provide coverage.
Your best option is to purchase the car and the car insurance under your name. Then you can add your roommate to your insurance policy. This will protect both of you in the event of an accident. “
Emily Richey
Answered on May 31, 2021

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