I'm not sure what state you live in - that kind of matters - each state has it's own regulations.

I work for an insurance company in NJ, so I can only speak with regards to NJ. If you're in NJ, I hate to say it but you're kind of screwed.

The good old days of "loopholes" are kind of over. That is courtesy of technology. Most insurance companies have fraud investigators working in their underwriting departments and have access to some pretty amazing databases. And it is their ability to work with these databases is how they catch people.

The penalties if you are nailed doing it are pretty serious - there is a lot of media attention nationwide given to insurance fraud & each state is taking it pretty seriously. You won't get jail time in NJ on a first offense, but I believe the fine is about $5000.

If your parents are willing to try & keep you on their policy, then they should try and seek out a broker that has access to different companies and see if there is one that will write them a policy. Still, it sounds like the premiums are going to be pretty high.

Good luck.