ChatterBank1 min ago
Please Explain.
Is it a great idea to have car insurance even if you don't own a car? If yes, Please explain.
Answers
"One thing you can be sure of - the Insurance Company will make the small print as confusing as possible because then they can grasp any opportunity to decline a claim. They don't do Simple & Straightforw
16:14 Tue 10th Oct 2023
It's essential when you drive a car on the public highway. That is the only time you have any need for car insurance.
You won't be able to hire a car without pay for insurance.
If you are self employed and have to drive other people's cars in your job you will need insurance.
It is possible to get very short term insurance to drive a car that you don't own if you only drive occasionally.
Otherwise it would be hugely expensive and totally unnecessary to insure yourself to drive any car.
However, some people do choose to add their name to someone else's insurance policy to lower the cost of the insurance. A young driver can save a lot of money by having a parent as a named driver.
//Does every insurance company in Australia cover any driver as standard?//
No, young and inexperienced drivers cost more, as do bad drivers to insure, but it's the owner of the vehicle that decides.
//Is it a great idea to have car insurance even if you don't own a car?//
Downunder you can't have car insurance if you don't own a car.
Fully comp insurance is a choice.
Because of the age and kilometres travelled by my old beast I've opted for third party damage only.
We pay a levy on our rego fees to cover damage to people.
If my car gets stolen or I trash it, bad luck to me, all other damages are covered.
And if anyone is desperate enough to steal it, good luck🤗
Interesting point in UK law. If I haven't insured my car somebody else can drive it if they are insured to drive any vehicle.
There is every chance they will be stopped as the ANPR will flag up the car as uninsured but producing proof of insurance will be an end of the matter.
I would be in trouble if he parked it on the public highway and got out, though, as it would no longer be covered by his insurance.
Lots of people are insured to drive cars they don't own. My neighbour is paraplegic and is the registered keeper (along with Motability) of his motability car but his parents are insured to drive it.
barry - I think you are wrong on that one. The car must be insured to be on a public road AND the driver must be insured to drive that particular car. I have seen instances on "Police Intercepter" type programmes where cars have been stopped and the driver prosecuted for driving an uninsured vehicle even though their own policy covered them to drive any car.
