Quote Originally Posted by DJD View Post
Transfered funds, signed the title and got the insurance taken care of. My 18year old is now driving her own car to school and to work. Man I been a wreck since last night. Just nerves and fears of what ifs?

Title is in my name and we are both drivers on the insurance. Once she graduates and shows me she isn't going to just piddle around and keeps moving forward with her life I will sign it over to her. Not sure what's right or wrong but that just seemed like a way to "control" some of her actions. I know at some point I have to let go but I think it's best to still hold a few cards.

I know many of you have been throuh this. Any advice?
If she's 18 yrs old, I'd give title to her, and take yourself off the vehicle. As a legal adult, she's the legally responsible party.

This might sound cold, but if she kills someone or injures someone with the vehicle, you're still the owner. Even though she is responsible, you could be financially responsible. I don't know if it works that way in KY, but in Indiana I was told DIRECTLY by Legal advice to do that.

My daughters are titled exclusively on their vehicles and the insurance is in THEIR name. Also, I think your insurance on your personal vehicle will cover her vehicle in the event of an accident, since you're only an occasional driver. Check that out first, but I think it works that way.

With my insurance policy, my Oldest daughter ( who lives in Indiana), is able to be a "rider" on my policy, getting all my multi car/house/boat discounts, while being the OWNER of the policy. She is the sole responsible party.