Ok, so my brother and I are thinking about buying and sharing a little ol’ 92 Geo Metro. The reasoning is twofold: First, a lower price, and second, insurance payments. I have been told that it is possible under certain insurance plans, when you have two drivers for the same vehicle, to list both drivers as secondary. This would in theory save us a heck of a lot of money on insurance. My question is that, is this a standard plan followed by every or most insurance companies? How much are we likely to save this way, if we can do it? Any experience with this?
Also, I thought perhaps we could just register the car with a primary driver and split the payment that way (assuming it is cheaper) but I think that such a method might have legal ramifications… does it? Or does it just mean that I get blamed when the car hits something?