Kanetix
Car Insurance Forum

Am I permitted to purchase auto insurance on a vehicle which I don't own?

We referred your question to Sean Graham, Principle Broker at KTX Insurance Brokers, and the following was his reply:

No. Auto insurance policies must be purchased by and listed under the registered owner of the vehicle. However, the primary driver of the car does not need to be the person who owns it. In fact, it's possible to have a policy where the person who owns the vehicle isn't even listed as a driver (typically because they are not able, or allowed, to drive it because they do not have a valid licence). In cases like these, the auto insurance policy will be rated based on the person who is actually driving the vehicle, even if they do not own it.

Sean Graham, Principal Broker at KTX Insurance Brokers.

Neither Kanetix® nor the KanetixForum.ca is an insurance broker or agent. Although this information has been passed along to you from KTX Insurance Brokers through the Forum, we are not responsible for the opinions expressed by them. Insurance can be complicated. When reading these answers, keep in mind each person's situation is unique. Individual responses may vary depending on your insurer, geographic location, and specific circumstances. If you have a similar situation, always speak with your insurance provider, or a licensed insurance representative, for terms and conditions that may apply to you.

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