Insurance

[1990RangerinSK]

If you (hypothetically) stole a vehicle, why would you insure it? Because technically its the owner who is financially responsible.
Which brings me to another question- How can a insurance say that only certian drivers are covered? you’re insuring the car-not the driver. My daughter got a letter once from her insurance wanting my driver’s license # and information. I told her no, she eventually went to another company.
So- if a insurance company is only going to cover damage by a “approved “ driver, what happens if the car is stolen and damages happen?

Insurance companies can say that only certain drivers are covered because they might be giving a discount for one of the drivers. So, any driver will have to be on the policy, and if somebody is driving who isn't on the policy, you may not be covered. Pretty simple. Back when I was still married, I looked into car insurance elsewhere in Alberta. As a single person, because my driving record was clean, insurance was only a couple of hundred dollars more than I was paying in Saskatchewan. Married, and having to take her record into account (she'd had an accident and a ticket in the previous five years), my insurance nearly doubled. Also, in Alberta, if you are under 25, you pay more for insurance, and there are other factors. So, all drivers have to be on the policy, because they affect your rate.

Compare that to Saskatchewan, where everybody pays the same for the same vehicle, it doesn't matter. The only person who has to be on the policy is the owner.

As for somebody stealing the car, and getting into an accident, it's covered under the theft clause of your policy. You would report the car as being stolen, and then nothing else matters.

 

[Ozwynn]

I pay $155 a month through progressive for the Jeep…. But that’s with $250 deductibles and triple the state minimum.

 

[sgtsandman]

$110 per month for both trucks with full coverage and insurance on the trailer. $100 deductible on comprehensive, $500 on collision and $100/$250 respectively on the trailer. But that is at the stock coverage, no additional coverage or riders. That is with State Farm. But everyone's variables that goes into what rate they pay is different.

 

[Roert42]

I would assume an insurance company is not expecting a car to be stolen that’s being insured.

If you are willing to steal one car, I’m sure you’re willing to steal more. So why insure it?

I’ve been involved with two accidents where the person driving the car was not “on the policy”.
Once I was driving my mother car and got side swiped bad. the only question anyone asked was the police “so your allowed to be driving this car right?”
“Yeah”
“Ok, then”


other one was when a friend was borrowing my truck for a few days. He opened the door and dented the car next to him. I simply told the insurance company he was borrowing the truck for a few days, they confirmed he had a valid drivers license, and everything was good.