If you dont own a car you can still purchase car insurance from a car insurance company simply by purchasing what is called a non-owner policy.

Can you buy insurance on a car you don't own. Even if your policy does include this type of third-party cover its only usually valid if you dont own the car youve not hired the car and you meet the insurers minimum age requirement usually 25. You can take out a policy on a car even if you do not own it. You typically cannot insure a car you dont own because you dont have whats called insurable interest in the car One alternate option is to co-title the car and add yourself as an owner You can also look into non-owner insurance which will cover you for liability while driving a car that isnt yours Can I insure a car I dont own.

And its extra tricky to get coverage if you dont live with the vehicles owner. You have a few options. Or you might lose your license for any one of a number of reasons but still have a car under your name.

And if they do you might find the price is a lot higherthan it would be if you were the owner or registered keeper. But you do need to tell the insurer that its not your car and that youre not the registered keeper. Whereas it can cost as little as 30 for an entire year if its added on to your insurance policy.

Add yourself as a named driver on the car owners policy. You might buy a car to give as a gift and want to insure it in the meantime. Car insurance varies across Canada with each province having its own rules about how car insurance works and level of coverage you need.

However it can be tricky especially if you do not reside with the vehicles owner. Not every insurer will give you a full policy on a car you dont own. A non-owner policy is a policy that covers you no matter what vehicle you drive.

This type of coverage is useful for a couple of reasons. Every state has its own unique insurance law requiring a specific limit of coverage If your vehicle is registered to be driven you must carry insurance on that vehicle Individuals who own vehicles that are non-operational may not need coverage Owning a car. If you want to own and operate a vehicle in Canada you need a valid car insurance policy in place.