Find Cheap Auto Insurance Quotes in Your Area Show {"backgroundColor":"ice","content":"\u003C\/p\u003E\n\n\u003Cp\u003E\u003Cdiv class=\"ShortcodeAlign--root ShortcodeAlign--center\"\u003E\n \u003Cdiv class=\"ShortcodeAlign--container\"\u003E \n Let an expert find your best rates:\n\u003Cbr\u003E\n\u003Cstrong\u003E\u003Cspan\u003E\u003Ca class=\"ShortcodeLink--root ShortcodeLink--black\" title=\"1-800-772-1213\" href=\"tel:18007721213\"\u003E1-800-772-1213\u003C\/a\u003E\u003C\/span\u003E\u003C\/strong\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\n","padding":"half"} Most auto insurance policies cover a vehicle owned by the holder of the policy. There are times, however, where you may take custody of a car that is not registered to you, but of course, still need insurance for. Getting insurance for a car you do not own may prove to be difficult. We go over the instances where it may be possible, as well as alternatives to explore, such as non owner car insurance. Can you get insurance for a car not registered to you?You can get car insurance for a car you do not own in certain cases, though many states and auto insurance company are not willing to do so. The main issue comes down to ‘insurable interest’ in the vehicle. When you get insurance for a car that you own, there is an assumption you have a stake in the well being of the car. Most car owners wouldn’t want to crash their car because of the repair costs and the risk of loss on an investment. When you are not the owner of the car, that assumption cannot be automatically made. After all, if you crash a car you didn’t buy, you don’t stand to lose any money. Before you attempt to prove your insurable interest though, you should realize there are some situations where this is impossible. State laws may prevent you from insuring a car you don't ownIn certain states, registration and car insurance go hand in hand. States like New York require you to have insurance in order to register a vehicle in the state. If the car you are supposed to inherit is registered in someone else’s name, that means there should already an auto insurance policy on that car — in the owner’s name. New York New York explicitly states that the name on the insurance card has to match the name on the registration. Failure to match can lead to a suspension of the registration, meaning you cannot insure a car you do not own in the state of New York. This information may not be explicitly detailed on your own state’s DMV page. You may have to call either your state DMV or your insurance company to see whether it is legal to have an insurance policy that differs in name from a car’s registration name. Even if it's legal, it can be a burden on the owner of the carThe owner of the car will likely have to take on a lapse in auto insurance coverage if they need to cancel their insurance and pass on the vehicle to you. California In California, the name on the registration and the insurance don't have to match. But since every state (including California) requires you to have car insurance before you can register a car, that means there should already be a car insurance policy on that vehicle.
How to get insurance for a car you don't ownIf you have no other option but to get auto insurance for a car you do not own (and none of the alternatives below apply), you will need to shop around at insurance companies and talk to several agents before one may be willing to insure you — if your state allows it. The trick will be to persuade them of your financial stake in the car. If you can convince your insurance company that the car is your sole way of getting to work, for example, that may work in your favor for securing auto insurance.
Remember to be honest with your insurance company about your circumstances. Find Cheap Auto Insurance Quotes in Your Area Alternatives to insuring a car you do not ownDepending on your circumstances, there may be some viable options to consider before going through the hassle of trying to get auto insurance for a car you do not own. The easiest alternative would be to see if you can be added to the registration of the vehicle, or have the registration transferred over to you. In most cases two or more names can be on the title to a car. Once you have your name on the title, you can take out an insurance policy on the vehicle — even if you live at a separate address as the other title holder. The next best option would be to get a non owner car insurance policy. Add yourself to or transferring the registration of the vehicleThis option may not be ideal for every situation, but if it is possible, it will be the most convenient.
Indiana In Indiana for example, you have to apply for a whole new title. You will have to search your own state's DMV and follow their rules for adding another name to a car registration. If the car in question is leased, you will need to talk to your leasing company. They may not want you to share the title of the vehicle with someone else. If you want the title of the car to be completely transferred, you should see if your state allows the original owner to 'gift' the vehicle. If the vehicle is gifted, you usually will not have to pay a sales tax on the vehicle. Whether it is a gift or not, you should go to your state's DMV page and follow all the instructions necessary for transferring a car title. The car owner adds you to their insurance policy
Non owner car insuranceTo put it simply, non owner insurance policies cover drivers who drive someone else's car occasionally but lack insurance coverage themselves. Non owner car insurance may not be the answer for everyone, but if you rent cars rather than have a car in your custody, a non owner plan can be what you are looking for. A non owner policy will provide you with the proper amount of liability insurance to be able to drive around comfortably. This policy would be great for nannies who may drive around many children in a family vehicle. While the family's car insurance policy would cover you in an accident, it may not be enough to cover you and the children. The family's auto insurance company would likely not add you to the policy either, so a non owner plan would be a good way to stay covered in that situation. >> OTHER RESOURCES: |