If you are a parent buying a car for your child, in order to best protect your assets, we recommend you consider registering and insuring the vehicle in his or her name.
In Massachusetts parents are provided 100% insulation from lawsuits arising from bodily injury or property damage claims.
Mass. MGL Chapter 231, section 85A: “If a car is registered to the child and the child gets into an accident causing personal injury and/or property damage, there is no reponsibility on the parent. It does not make any difference who bought the car or who pays for the insurance, or how old the child is so long as we are talking about negligence.”
On this basis it might make sense to consider registering and insuring the vehicle in your child’s name.
Please call if you would like to discuss.