I wouldn't exactly call my self smart but heres my 02. In regards to what you need to do to make it legit you have to get it tagged, titled, and insurace. If you are going through a dealer they tag and title if for you. If im not mistaken temp tags ( at least in MD) are good for 21 days. You need some form of tag even if its not going to be driven. It can't even sit on the street or non-driveway parking spot without tags (SO GAY). I am with All State and they are pretty good so far. With most insurance companies you can go with comprehensive insurance which covers everything from falling off a cliff in most cases to theft. I think Liability and collision insurance are similar. Correct me if im wrong guys but i think that pretty much covers you if you hit someone. Anyways, those two are usually a lot cheaper then comprehensive. I pay 200 a month, im 19 and i have my own car but its under my parents name. If you can go this route definitely do so. A friend of mine with a similar car with his own insurance policy pays more than 3 times what i do. You can get a quote for the most part online at any of the company's websites. It's probably easier to do it over the phone tho because the stupid online process sometimes tells you that you need to talk to an agent anyway or makes you wait for an email telling you that you need to see an agent. Anyways, good luck.

Ben