Car insurance without owning a car

by PH
(Toronto)

Would like to know if a driver aged 19 can insure automobile without owning a car. For instance, to be a second driver for driving other's car.

Would also like to know if a person is allowed to insure car insurance without owning a car, which insurance companies do so? Can you please give me their contact details? I am living in Toronto, Ontario.

Thank you.

PH

Car Insurance without owning a car answer

Hi PH,

To answer your second question first, you must own a car to have a car insurance policy. Otherwise you do not have an "insurable interest".

It is possible to be listed on a policy that someone else owns. For instance, if you live with someone who has a car, their insurance company would likely want to list you on the policy since there is a possibility of you driving the car. The obvious example of this is if you live with your parents or other family.

Being listed on a policy can help you build your insurance history.

Hope that helps!

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