A straight-forward answer to this question is no. You can buy car insurance with no driver license to drive the car. There are plenty of situations when you might need to buy car insurance, but you don’t own a driving license. It is usually a difficult task to buy in such a circumstance. However, there are ways in which it is substantially possible.
Why you should have car insurance in spite of not having a license?
A car owner who avails the services of a chauffeur may need insurance even if they don’t drive and hence don’t have a license. From senior citizens who may be unable to drive to the likes of luxury car owner who have spent huge amounts of money on their cars would prefer having their vehicle insured.
An underage driver who is in the learning stage is not applicable to have a binding insurance contract on his/her name. Their guardian is the one has to file for insurance by their own name. The guardian might be applicable to buy auto insurance with no license even though it is usually highly expensive.
Many vintage car owners do not drive their vehicles due to various reasons. These cars remain on display in auto shows. But they too are susceptible to damage or collision and the insurance would protect the owner from a complete loss. This type of insurance is provided by specialty insurers who make sure that the coverage for the car is maximized as per customer requirements.
Car insurance may also be obtained for someone with a suspended or expired license. The rules and methods change significantly when it comes to this however buying insurance still remain an important decision. People trying to obtain a license may also buy insurance with the proper and required paperwork to show their credibility. The auto insurance for unlicensed drivers is usually a way to secure the vehicle in case of damage or accidents. But it tends to be more expensive than that for licensed drivers due to lack of proof of experience with driving.
Zero-down-payment car insurance
To buy car insurance online, no down payment is no easy task. It is a very appealing system to customers and it also seems cheaper. It is possible to get insurance without financial commitment. Auto companies run the risk of policy cancellation in a short period of time. Hence it becomes unlikely to find no down payment car insurance companies. Still, you can locate a few companies like CarInsuranceNodownPayment.com by research.
Down payments are used to cover the processing and onboarding costs associated with new customers as the insurer dedicates resources for driving reports. These costs and other administrative costs are not covered under a zero down payment policy. Hence they see considerable risk in investing in a client who might cancel their policy once they have been able to register the vehicle. Zero down payment also increases your monthly installments to a very large amount as compared to small monthly installments. While opting for a certain down payment amount.