named insured vs policy holder

Free Insurance Quote Comparison

 Secured with SHA-256 Encryption

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Full Bio →

Written by

UPDATED: Jan 16, 2012

Advertiser Disclosure

It’s all about you. We want to help you make the right legal decisions.

We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.

Insurance Question from Bon Air, VA

Asked on 01/16/2012

named insured vs policy holder with nationwide insurance, is the named insured the same as the policy holder, if the named insured has the premiums drafted from his account and his a name and address is on the account statement. this is in Virginia.

Answer given on January 16, 2012

On most any insurance policy, the named insured does not have to be the person paying the premium. The policy holder should be the owner of the vehicle. In other words, the car should be registered to them. Anyone can have the premiums drafted from their account – a parent, spouse, sibling or friend. Just because someone is paying the premiums, it does not entitle them to be on the insurance policy, and does not automatically make them an insured.If you are paying the premiums, do not consider yourself as an insured. If you want to be named on the policy, you should talk to your agent or insurance company. Again, you will need to have an insurable interest in the vehicle, such as co-owner or spouse.If you are the named insured, and not paying the premiums, it does not affect your insurance or coverage. You will stil be protected in the event of a covered loss.

IMPORTANT NOTICE: These answers are for general information purposes only and are provided by the person answering and AS IS. It has not necessarily been reviewed by the management staff of nor is it binding any insurance agent, broker, or other insurance professional or any attorney or insurance company. Insurance laws, regulations and practices vary from state to state and insurance policies and practices differ from company to company, by type of policy, by state and locality and by type of insurance. Tiny variations in the facts, policy language or a detail not set forth in a question often can change the outcome or a professional's conclusion. Although has confirmed that the answer(s) was/were provided for the account of an experienced insurance professional, that professional may not be licensed in the state referred to in the question, and may not be experienced or up to date in the subject area. Unlike the answers provided here, upon which you should NOT rely, for personal advice you can rely upon we suggest you consult a licensed insurance professional in your area or retain a licensed attorney listed on to represent you.

Free Insurance Quote Comparison

Enter your ZIP code below to compare cheap insurance rates.

 Secured with SHA-256 Encryption