When financing a vehicle, the financing company typically requires the insurance to be in the name of the person who is financing the car. This is because the financing company has a financial interest in the vehicle and wants to ensure that they are protected in the event of an accident or other damage. Most insurance companies will not allow someone who is not the owner or co-owner of the vehicle to be the primary policyholder.
However, there may be some exceptions or workarounds in certain situations. For example, some insurance companies may allow the vehicle owner to add the person financing the car as an additional insured on the policy. This would give the financing party some coverage and protection, even though they are not the primary policyholder. Additionally, some insurance providers offer non-owner policies that can provide liability coverage for someone who is driving a vehicle they do not own. The specific rules and requirements can vary depending on the insurance company and the state where the vehicle is registered.