Car Insurance Help

Reader’s Question:

If want to learn to drive but do not own your own car, do you still need an insurance?

Olive

Jersey City, NJ

 

Many states will require you be insured first if you going to be driving - even if you are just learning to operate a vehicle. Now, you can be listed on someone else’s policy as an additional driver for that insured’s vehicle. Additionally, if you want car insurance, but do not own a vehicle, you may want to buy a ‘non-owner’ policy. This policy will provide coverage for liability, medical payments, and uninsured motorist coverages for an individual who does not own a vehicle and will be operating a vehicle owned by ssomebody else.

Car Insurance On Stolen Vehicle

Reader’s Question:

Do I have to keep insurance on my vehicle which was recently stolen?

Feline

Newark, NJ

 

I would suggest that you speak to your insurance agent to determine how long you will need to keep the insurance on your car that was recently stolen. If you have comprehensive coverage which you are putting in a claim for your stolen car, typically, you would want to keep your car insurance policy in effect until the settlement is complete.

It could be that your vehicle will be recovered before your settlement is finalized and your car will come back to you. If this does happen you will want auto insurance to still be covering it so that you do not have a lapse in insurance for the car.

If you continue to pay insurance on the car and it is not recovered, this might result in an overpayment of your insurance premium. If this happens, discuss the issue of a refund with your insurance carrier.