Yes, someone else can insure your car. However, auto insurance companies generally have a requirement called “insurable interest.” To apply for insurance, you must have the owner's permission and their policy cannot prohibit the use of the vehicle by drivers who are not on the list. Keep in mind that you could still be responsible for damages that exceed the vehicle owner's policy limit. If you're a high-risk driver with a poor driving record, you might be wondering if someone else can insure your vehicle to save money on your car insurance premium.
If you don't own the car, you can't maintain it or make sure it's well taken care of, so it's not a good idea to insure a car that you don't own. Car insurance is financial protection in case you cause an accident with your car or if your car is damaged or stolen. Insurance coverage may vary by insurer, so vehicle owners should check with their insurance company to be safe. While the car policy that insures your car would cover the negligence of the permissive driver, you would not be subject to personal liability beyond the limits of the auto policy.
Consider buying car insurance for non-homeowners to protect yourself if you don't have car insurance for those occasional uses or if you frequently drive a friend or family member's car. Non-homeowner coverage may not be as easy to find as traditional policies, but all of the following insurance companies offer insurance for non-homeowners in New Jersey. If you are not the primary driver of your vehicle, the main driver could insure it and add it as an additional interest. This means that any accident involving your car involves you, whether you were the driver or were even in the car at the time of the accident.
In New Jersey, insurance for people outside your landlord can pay for injuries and property damage that you cause to others, but it won't cover damage to the borrowed car or your medical expenses. Comparing your car insurance options for non-homeowners and determining what to buy can help you make the best decision if you need to insure a car that you don't own. If you live with the owner of the car you want to insure, you can be added as a driver to your existing car insurance policy. If your car is responsible for causing an accident, the victim can file a claim for accidents and personal injuries, and it will be their car insurance that will be responsible for resolving it.
Insurable interest means that you have an interest in the value of the insured vehicle, usually a financial relationship. Liability insurance for people outside the owner of The General is affordable compared to collision or comprehensive coverage, which pays for damage to your car.