Does the insurance policyholder have to be the owner?
Usually, the policyholder of an auto insurance policy is the owner of the vehicle, but not always. For example, some companies require the primary driver to be the policyholder, regardless if they own the car. You can also be a policyholder if you do not own a vehicle.
Who should be the policy holder on car insurance?
If you aren’t a policyholder, the original policyholder must add you as one. Policyholders don’t have to be the insured on a car insurance plan. For example, a parent can purchase separate car insurance for their teenager and be on the account as the policyholder.
What is the difference between policyholder and policy owner?
If you own an insurance contract or policy, you are a policyholder, also known as the policy owner. As a policyholder, you may also be the person covered by the policy — referred to as the insured — although you may own a policy that names someone else as the insured.