Car Insurance for no license drivers

Car (auto) insurance provides you with financial protection in the case of an accident. Having auto insurance sets an agreement between you and your insurance company. That in the event of any incidence to your car, which could include accident, theft, vandalism, etc. Your insurer would provide you with a certain sum to compensate for your loss. There also is a car insurance plan for no license drivers.

You might not have a driver’s license or your license expires, and you need an auto insurance coverage on your car. Getting car insurance for a no-license driver would not be a precisely simple process as it would be if you had a license.

Why Would a No-License Driver Need a Car Insurance?

It might appear pointless for you to want to buy an insurance policy for your car, especially when you do not have a valid driver’s license.

With how necessary a license is, can you even buy a car without it? The answer is ‘Yes.’ Although the process would be more strenuous than if you had a license, it is still possible. It will depend on the car dealership rules and guidelines, which may range from requiring you to show immediate proof of an insurance deal to not allowing you to test drive the car you just purchased.

Here are the reasons why you need car insurance as a no license driver:

You might need auto insurance as a no license driver if you have a car registered in your name, you also have a chauffeur that drives you to and from your workplace or appointments. You will probably need an insurance that covers your and vehicle and your driver.
If you are an older adult or have a chronic illness that does not allow you to drive your car, you might need to be driven from one place to another. You’ll need auto insurance for your relative or support staff that will be driving you from point A to point B.
If you are learning how to drive, you’ll have a permit, but a permit is not a driver’s license. You’ll need car insurance to cover for the car you are using to learn to drive, in the case of an accident.
If you have a high dollar vehicle (Vintage Ride), whether you get to drive it or not, you are required to get an insurance cover for it to protect against potential loss, with or without a license.
The most famous cases are if your license gets suspended for whatever reason and you have to get it back. The court might order SR-22 car insurance as a requirement to get back your consent. Your insurer would provide you coverage on the provision of some required documents and fulfillment of the court’s order.

Getting a car Insurance As a No License Driver

There are several ways you can get car insurance without having a license. It depends on your specific case and circumstances revolving around why you do not have a permit.

The best way you’ll get to find suitable insurance as a no license driver is to speak to your local independent agent. They are licensed to draw up insurance policies for different insurance companies. They would have a lot of information concerning getting auto insurance with no license. You should contact as many as possible; this would help you have a lot of information and options. They could include :

● SR-22 Insurance

You have to make inquiries and get information on which insurer in your area offers SR-22 as a no license insurance policy. Although there is no specific law stating otherwise, most insurers might not agree to provide you such insurance. The ones that would require the number of your suspended license alongside other relevant documents for you to be able to acquire the policy.

● Excluded Driver Policy

If it is entirely clear that you will not be behind the wheel of your car, you can purchase an auto insurance policy and list yourself as an excluded driver. The downside is that if you drive the vehicle and anything happens, you lose the coverage.

● Primary Driver Policy

A licensed driver can be a primary driver in your plan to enable you to purchase auto insurance as a no licensed driver. You’ll need to provide the driver’s identification details and driver’s license number to secure the policy in the person’s name.

You should know if the person you are choosing is a high-risk driver. Either due to any bad driving records or age. As this could influence the rates of your premiums.

● Parked Car Insurance

A no-license car owner that owns a car can shortly can purchase a comprehensive auto insurance policy. It also cover for damages that may occur while your vehicle is not in use or parked(stored)

● Co-owner Insurance

Possibly, the challenge of getting car insurance as a no-license driver posses a problematic task for you. You may opt for changing your car registration and making a licensed driver a co-owner. It will help you to be able to purchase car insurance easily. Change of ownership does not require so much to do. You need to visit your local Department of Motor Vehicle (DMV), process a form, and pay a stipulated fee.

Alternatives to Car Insurance For No License Drivers.

There are alternatives methods you can opt for in maintaining financial responsibility for your car. It is for no -license drivers that don’t want to suffer while processing and obtaining an auto insurance policy.

Several states have financial responsibility laws for vehicles. It provide methods that would allow a car owner to provide proof of financial responsibility other than having an insurance policy if they so desire. These methods include :

● Surety Bonds:

With a surety bond, you’ll pay a percentage of the full amount to obtain the warrants. If there is an accident, you’ll be liable for the entire bond amount to cover the liability cost of the accident and those you harmed.

● Cash or Securities:

You’ll be able to present some money or other secure assets through approved means. For example, you could show a certificate showing that $55,000 in cash or securities was deposited with the state comptroller.