Can you insure a car you don’t own? The short answer is yes, but not without difficulty.

In theory, it should be easy, as you simply tell the insurance company that you’re not the owner when you apply. In practice, however, the process can be a little frustrating.

The problem is that most car insurance companies are generally reluctant to insure someone who isn’t the owner of the car. This is due to something called insurable interest, which forms the basis of all insurance contracts. Continue reading to find out what it takes to insure a car that you don’t own.

Insurable Interest Explained

The basic assumption behind insurable interest is that if you obtain car insurance for your own vehicle, you have a vested interest in its well-being. The majority of car owners wouldn’t want to damage their vehicle because of the repair costs and the risk of losing a substantial investment. Furthermore, insurers only want to insure drivers who have obvious reasons for using and caring for a vehicle.

But for an insurance company, all this intrinsic motivation to keep your car accident-free is gone when you’re not the owner. In their eyes, the car simply isn’t important to you. After all, it won’t matter if you total a car that you don’t own.

How to Insure a Car You Don’t Own

In order to obtain insurance for a car you don’t own, you’ll need to convince insurance companies of your involvement in the car’s ownership. It is up to you to demonstrate that you are just as invested in the car as the owner is.

Here are some ways to acquire insurance for a car you don’t own:

• Add the owner to your policy as an additional interest
• Get added to the owner’s policy
• Get a non-owners insurance policy
• Add your name to the car’s registration

The effectiveness of each method varies depending on your situation. We’ll review all the available options, so that you can choose the one that best fits your needs.

Include the Owner in Your Policy as an Additional Interest

If you already have an existing insurance policy in your name, simply add the owner of the vehicle as an additional interest. Vehicle owners added as additional interests still retain ownership of their vehicles, even if they are not the primary drivers.

As opposed to adding another covered driver, this will not affect your insurance rates. It merely indicates that another party has an insurable interest. We recommend this option if the vehicle is in your possession more than the owner’s and you need regular access to it.

Just remember that, in order for the owner to drive the vehicle, they will still need to obtain their own insurance as they are not covered by your policy.

Add Yourself to the Owner’s Policy

Additionally, you can add yourself as a named driver to the original owner’s insurance policy. You’ll be able to do this easily if you live in the same house as the owner. However, expect increased insurance rates, though it is still generally more affordable than having separate policies for each driver.

If you do not live with the owner, your insurer may be less willing to give you some wiggle room in regard to adding names to the policy. In this situation, as mentioned above, you will need to prove that you have a financial interest in the car.

For example, you might say that you need to use a vehicle to commute to work but cannot afford your own car. This is a perfectly valid reason.

Just remember to be honest. Getting caught lying to your insurance provider can lead to rate increases, policy rejections, and fines.

Get a Non-Owner Insurance Policy

Some companies offer special insurance policies that allow you to insure a car that’s not yours. We call these non-owner policies. 

Non-owner car insurance is for people who don’t own a car but occasionally drive someone else’s. This type of insurance provides liability coverage for you, but the vehicle itself still has to be insured by the owner.

Non-owner insurance is best if you regularly borrow cars from family or friends. It’s also a suitable option if you regularly rent cars or use car-sharing services. This type of coverage is designed to complement the owner’s existing policy rather than replace it, so it can be purchased whenever needed.

Rates for non-owner auto insurance tend to be between 5% and 15% lower than standard policies. However, if you drive a borrowed or rented car only a few times a month, the savings may not be noticeable. On the other hand, if you will be driving the car often, it makes sense to add yourself to the owner’s policy instead (see the previous method).

Most of the major car insurance companies offer non-owner car insurance, so if you want to insure a car you don’t own with State Farm, Geico, or Allstate, for instance, you have the option. Progressive will also insure a car that is not in your name if you buy non-owner car insurance.

Add Your Name to the Car’s Registration

A co-owner agreement is another simple way to prove that you have an insurable interest in a car that you don’t own by directly sharing ownership of it. To register yourself as a co-owner of a vehicle, speak to the owner about obtaining a new registration. Otherwise, if the car is intended as a gift, have the owner directly transfer the registration to you.

Both of these processes must be done at your state’s Department of Motor Vehicles (DMV) and will require a new registration for the vehicle.

In any case, once your name appears on the title of the car, acquiring insurance for that vehicle won’t be difficult. However, keep in mind that you’re technically insuring your own vehicle at this point.

Regardless, in the event that you decide to pursue this route, here are a few other situations to consider:

• It can be challenging to obtain co-ownership of a vehicle in certain circumstances, such as when the vehicle has yet to be fully paid off
• You can acquire a co-owner even if you don’t live together
• State regulations may vary regarding transferring or altering registrations

Are there any legal restrictions?

New York is the only state in the U.S. that requires that the name on the insurance card match the name on the vehicle’s registration. 

This indicates that a driver in New York cannot obtain insurance for a car they do not own. The state does, however, allow co-ownership. So, as long as you are listed as a co-owner on the vehicle’s registration, you can still go ahead and purchase coverage for your vehicle.

You can insure a car you don’t own in Texas, Florida, and all other states in the ways stipulated above.

The Hyundai Palisade is known for its luxury SUV design. It’s equipped with alert functions for traffic on either side of the driver, blind spots, and lane departures, and includes touchscreen consoles for controlling Bluetooth devices and GPS systems.

If you’ve just purchased one of these vehicles, investing in Hyundai Palisade insurance is a must. After all, it’s illegal to drive in the United States unless you can prove that you can pay for any accidents you cause. Unless you live in New Hampshire or Virginia, you must have a car insurance policy to meet this requirement.

Whether you’re a first-time car owner or you’ve had car insurance before, we’ll walk you through the average cost of insurance for a Hyundai Palisade. Then, we’ll look at some ways to reduce the cost of car insurance and help you compare quotes from the top auto insurance companies.

How much does car insurance cost for a Hyundai Palisade?

Expect to pay around $1,556 per year, or $129 per month, if you want to fully insure your Hyundai Palisade. This rate includes $398 per year for liability insurance, which reduces your personal financial responsibility for other people’s property. For instance, if you lose traction on an icy road and knock over someone’s fence, your liability coverage pays for the property owner’s repairs.

The total Hyundai Palisade insurance cost also involves $344 in comprehensive insurance rates. If your Hyundai gets damaged without hitting another car, your comprehensive policy helps you get your vehicle back on the road. Non-collision accidents include damage from weather, animal strikes, and graffiti.

Finally, plan to pay around $656 per year in collision insurance. If you do get in an accident with another car, you can use your collision coverage to fix your vehicle even when you’re not at fault. This coverage is particularly helpful when the other party is responsible for the crash but is uninsured or does not carry an extensive liability insurance policy.

If you want the highest levels of coverage, you could pay upward of $3,370 annually in Hyundai Palisade insurance. If you’re wondering how to reduce the cost of auto insurance, the cheapest plans average around $460 per year, and they include only liability insurance. Before signing up for these low-cost plans, make sure that it’s legal to drive in your state without comprehensive or collision coverage.

Factors That Affect Hyundai Palisade Car Insurance Rates

In addition to the extent of your chosen car insurance coverage, your personal information affects the average cost to insure a Hyundai Palisade. The younger you are, the more you pay for insurance. Young drivers have less experience on the road and may be less able to predict the outcome of dangerous behaviors:

• Speeding
• Distracted driving
• Drinking alcohol

As a result, they’re more likely to cause accidents and are riskier to insure.

Your car’s age also affects your insurance rates. A new Palisade includes more safety features than older models, which is a point in your favor with insurance companies. At the same time, newer cars are worth more money and repairs tend to be more expensive because replacement parts are not always readily available. Therefore, new cars usually have high insurance rates.

Insurance companies want to know where you live and work so they can calculate how risky your driving time is. If you live in a rural area and don’t travel far for work, your location should bring your rates down. On the other hand, if you live in a metropolis and drive for hours on crowded urban streets, you’re much more likely to get in an accident. To adjust for these risks, Hyundai Palisade rates for major cities average around $2,101, a figure that drops to approximately $1,170 for rural districts.

Possibilities for Discounts

If the rates you receive for Hyundai Palisade insurance are higher than you’d like, ask insurance companies about their discounts. Some offer lower rates for clean driving records or proof of driver improvement classes. Others have discounts for veterans, active-duty military family members, and students. In addition, if you can prove that you drive much less than their average customer, you may be eligible for a low mileage discount.

How To Get the Best Deal on Hyundai Palisade Insurance

No matter how high of a risk you pose to insurance companies, comparing prices on car insurance quotes is the best way to save money. Looking at options from different companies ensures that you don’t get unfairly charged and take advantage of any discounts.

If you’re not sure how to compare insurance rates, start by determining how much coverage you need in your state. Then, put your ZIP code into a free quote comparison tool. Answer a few questions about your car’s make and model, your driving record, and your financial details to get the most precise quotes.

Once you’ve got your quotes, click on each offer to see what the package includes; all policies are not created equal. Always check the value of your proposed deductibles or how much you have to pay before your Hyundai Palisade insurance company begins assisting you.

The Bottom Line on Hyundai Palisade Insurance

Determining insurance rates for your Hyundai Palisade is a complicated process, and it can be confusing to receive different quotes. Your rates vary based on how much coverage you’re paying for, how likely you are to cause an accident, and how many price comparisons you’re willing to do.

We all do our best to obey traffic laws, but it’s always possible to make an unintended mistake. When that happens, you will most likely be stopped by a police officer, and receive what is known as a traffic citation.

You may be wondering, is a citation a ticket?

Do you have to pay fines, and does a citation go on your record?

These are all normal questions to ask if you find yourself in this predicament, or if you’re simply looking to learn more about what a citation means for your driving record and insurance rates.

What’s the difference between a citation and a ticket?

There is generally no difference between a citation and a ticket. A citation is a written record of an infraction committed while driving or while parked — a ticket is just the more common way to say it.

While there may be some exceptions, these two terms really mean the same thing: that you broke one or more traffic laws in the state and will be required to pay a fine or appear in court, sometimes both.

A citation or traffic ticket will include:

• Your name and license number
• The name of the police officer who issued the citation
• The type of violation
• Citation number (you’ll need this if you’re paying the fine online)
• Other details, like the penalty amount and how to pay it

Keep in mind, a citation is not the same thing as a warning. Warnings are notices that you should not commit a certain violation again but carry no financial penalty or require further action on your part. In most places, receiving a warning means the violation will not be reflected on your record.

Types of Citations

There may be many reasons why someone could receive a police citation, and it largely depends on the laws of their state, their driving record, and the type of violation:

• Non-moving violations. Commonly known as parking tickets, these usually refer to parking-related offenses, such as letting the meter expire or leaving your car in a no-parking zone. In most cases, nonmoving violations are not contested in court.
• Moving violations. These are associated with traffic offenses while the car is in motion or being driven. They can include things like speeding, running a red light, or even following a car too closely. Fines for moving violations tend to be high.
• Misdemeanor or criminal violations. These cases include serious felonies while driving, like driving while under the influence, driving recklessly, or committing a hit-and-run. They may require jail time in addition to fines or license suspension.

 Here are a few more common reasons for getting a traffic citation:

• Driving above or significantly below the speed limit
• Distracted driving
• Unsafe lane changing
• Driving without a valid license, or it is expired
• Failing to have valid car insurance

I got a citation; what do I do now?

Your options will depend on the type of violation and where you live, which is why it’s important to always be informed of your state or city’s traffic laws, even one you are just visiting.

First, you will be given a time frame by which to respond. During this time, you can decide which route is best for you — just make sure you don’t forget the response deadline, or you may find yourself having to pay more fines and other penalties.

In general, you typically have a few options:

• You can plead guilty and pay the required fine. In most cases, it is possible to pay online, but you may also pay by mail, phone or in person.
• You can contest the charge in court. If you are found not guilty, the violation will be removed from your record. However, if you are found guilty, you will have to pay the original fines as well as court fees, and any points would remain.
• You can enroll in a “defensive driving course.” Commonly known as traffic school, taking one of these courses will most likely be in addition to paying the fine. Doing this may, however, keep points off your license.

Always make sure to consider the cost and risk of paying a penalty versus fighting it in court. Remember also that each infraction may require different methods of resolution. If the citation included a criminal charge, for example, other steps may be required.

Most importantly, make sure to keep your citation number handy. You will most likely need to refer to it throughout this process, regardless of which route you take. The citation number on a ticket is usually found near the top right-hand corner.

Can I ignore a citation?

The short answer is, definitely not. If you’ve received a citation, action is required on your part to resolve it. Ignoring or failing to properly deal with one could result in:

• More fines
• Criminal charges
• Increased car insurance premiums

Will it appear on my record?

A citation could remain on your record for about three years, but in certain cases, it may take longer. Getting too many violations within a short time span, for example, could mean they won’t be removed for five to ten years. It also depends on the kind of citation you get, and whether or not it involves criminal charges.

So, the answer is yes, it will appear on your driving record, but as long as you’ve paid the fines, or resolved it through the court system, you can rest assured it will eventually be cleared.

What does a citation mean for my insurance rates?

Depending on how many infractions you’ve had, and what types, there is a chance your insurance premium may go up. In general, the more serious the violation, the higher the chance of a price hike. Parking tickets, for example, will probably not increase your insurance rates, but too many of those could affect your credit score, which could then cause your monthly rates to be higher when renewing your insurance.

Moving violations can cause insurance premiums to increase, especially if you’ve had several within a short time period.

The good news is, for first-time offenses, there’s a chance your premiums won’t increase. You may want to check with your insurance company to see if they have a first-time ticket forgiveness program.

When your license no longer shows the violation, you may start to see your insurance premiums go down, and may even be eligible for good driver discounts, depending on which insurance company you have.

Keep in mind also that too many citations for motor vehicle offenses can result in your insurance company taking the following actions against you:

• Send you a policy non-renewal. This is a written notice stating your insurance company will no longer offer you coverage in the near future, and they won’t allow you to renew it when the time comes.
• Send you an immediate letter of cancellation. This may occur if your license is suspended or revoked, possibly in the case of a criminal citation.

Citations or Tickets: Now You Know

Besides understanding that citation and ticket mean the same thing, you also now know they can be categorized into three different types: nonmoving violations, moving violations, and misdemeanor or criminal violations. Depending on your region, traffic citations can be dealt with in various ways, typically by paying the fine noted on the ticket.

Though it can be stressful to receive a citation, just know it is a fairly common experience, and that there are a few steps you can take to resolve it.

Always drive safely, aware of the traffic laws around you, and make sure your car insurance is up to date and accessible to you in case of a stop.

If you just bought a Kia Stinger, you might be interested in its speed capabilities or its luxury features. In either case, finding a good policy for Kia Stinger insurance is essential.

Understanding different car insurance policies can be confusing, especially when you have to work through your state’s insurance requirements. We’ll walk you through the average costs of Kia Stinger auto insurance, including the factors that combine to create the quotes your prospective companies offer. We’ll also point out some ways to pay less for your policy and, finally, we’ll tackle the complicated relationship between age and insurance rates.

How much does car insurance cost for a Kia Stinger?

The average Kia Stinger Insurance cost is $132 per month and $1,588 per year. The most expensive policies reach up to $484 per month and $5,804 a year, and they’re mostly for new drivers. The cheapest rates cost as little as $53 per month and $636, but they are for policies that only include liability insurance.

This table displays the average rates of Kia Stinger insurance, taking into account some of the key factors behind auto insurance quotes: 

Remember that these rates are averages. For example, if you are eligible for many discounts, your rates could be lower than $78 per month. Similarly, if you have high deductibles but you have a history of getting into accidents, you can expect to pay somewhere between $114 and $281 per month.

Factors That Affect Kia Stinger Insurance Rates

How much does it cost to insure a Kia Stinger? The answer varies based on your age and driving experience. Older drivers have logged more time behind the wheel and are less likely to be at fault in accidents. Younger drivers don’t tend to be as confident, and they may take more unnecessary risks. To account for these different risk levels, insurance rates are normally higher for teenage drivers.

Your insurance company also considers your car’s age. Because of how new Kia Stingers are, they have many electrical components that are expensive to repair. By charging higher monthly rates, your insurance company protects itself in case you file a claim after an accident.

The most dangerous places to drive are major cities, where streets tend to be narrow and people are usually in a hurry. If you spend most of your time on the road in one of these urban hubs, you’re likely to see an increase in your insurance quotes:

• Baltimore, MD
• Oklahoma City, OK
• Dallas, TX
• New Orleans, Louisiana
• San Bernadino, CA

If country roads are more your style and your region doesn’t have many accidents, your insurance quotes should be lower.

Potential Discounts

When you’re filling out your application for Kia Stinger insurance, provide as much information as possible to see whether companies will offer you discounts. If you’re in high school or college, you may receive a discount for student drivers if your GPA is at least 3.0. If your driving record is free of points and you don’t have any tickets, you may receive lower rates for your safe driving. Finally, if you average less than 25 miles on the road every day (or around 9,125 miles per year), you may qualify for a low mileage discount.

The Importance of Quote Comparisons

Even if you’re happy with the first quote you receive, you should always compare different rates for Kia Stinger auto insurance. Some companies specialize in discounts for veterans or students, while others offer more extensive customer service. Looking at different quotes and reading online reviews of your choices are the best ways to take advantage of these special opportunities.

Kia Stinger Insurance Premiums by Age

Kia Stinger insurance costs more the younger you are, but the difference is most dramatic if you’re in your teens or twenties.

As this table shows, the cost of insurance per year is over $4,300 more for a teenage driver than for one who is over 60. 

Why does auto insurance cost more for young drivers? Most insurance companies cite the greater statistical probability of teenagers and people in their twenties driving unsafely. Because young drivers have had less time on the road, they’re not always prepared to handle unexpected obstacles:

• Snow
• Ice
• Animals on the road
• Traffic changes
• Construction

When people are uncomfortable with these issues, they are more likely to panic and cause accidents.

Still, if you’re under 30 and you want to save money on your Kia Stinger car insurance costs, you can prioritize safe driving. Your rates are likely to go down soon if you don’t get in an accident or get pulled over for speeding. You can also look for student discounts.

How To Invest in a High-Quality Kia Stinger Insurance Policy

Kia Stinger insurance rates vary based on your age, driving experience, location, and eligibility for discounts. After familiarizing yourself with these factors, you’re equipped to compare different quotes and choose the insurance policy that best fits your budget.

When you purchased your new Subaru Crosstrek, you might have been drawn to its outdoorsy appeal and functionality, but now you need to find insurance that provides the right coverage for you. Finding the right Subaru Crosstrek insurance at a reasonable price isn’t an easy task, but we’re here to help you find the best policy for your situation and vehicle.

We’ve done some research on rates for the Crosstrek, so you know what to expect when you begin shopping around. We also cover what factors impact how much you pay. Once you have the information you need, you can look for coverage that suits you.

How much is Subaru Crosstrek car insurance?

Your new car has a lot going for it. It has great fuel efficiency for this vehicle class, and the National Highway Traffic Safety Administration gives it an overall 5-star safety rating for 2022. Many of its safety features may lower your insurance rates compared to similarly priced cars, including:

• Front, back, and side air bags on the driver and passenger sides of the vehicle
• Disc brakes and anti-lock brake system for all four wheels
• Brake assist, traction control, and electronic stability control
• Lane departure warning and lane-keeping assist
• Daytime running lights
• Child safety locks

Subaru Crosstrek insurance rates average $1,320 per year and $110 per month. The lowest rates are for drivers who only purchase liability insurance, with average monthly rates of $44 and annual rates of $529. Teenage drivers pay the highest rates at $4,825 per year or $402 monthly.

Factors That Affect Subaru Crosstrek Insurance Cost

While the Subaru Crosstrek cost of insurance is around $1,320 on average, the rates any individual pays vary. Your rates may be higher or lower than the average. Several factors affect the price of insurance on a Subaru Crosstrek, including:

• Driver’s age. The driver’s age plays a prominent role in how much the insurance company charges for coverage. Teen drivers have higher rates than any other age category.
• Driving record. Drivers with a clean record pay lower rates than those with accidents and moving violations on their records, even when they are the same age.
• Credit rating. While California, Hawaii, Maryland, Massachusetts, Oregon, and Utah prohibit factoring credit ratings into car insurance rates, it’s allowed in every other state. Those with dings on their credit may pay a bit more for coverage.
• Car year. The year your car was made impacts how much you pay for insurance. In general, you can expect to pay lower rates for older models, as the car’s value depreciates over time.
• Location. Where you live figures into the cost to insure your vehicle. Urban areas tend to have higher rates than rural. However, different geographic regions also vary. Insuring your Crosstrek costs more in Los Angeles than in Chicago, for instance.
• Vehicle safety ratings. Here, the Subaru Crosstrek does well, with its long-term 5-star overall safety rating. It costs less to insure this vehicle than cars in the same class with lower safety ratings.
• Discount eligibility. If you’re eligible for discounts, you can save a significant amount on your insurance rates.

It’s essential to shop around and compare car insurance companies. Insurance companies can have different policy limits, exclusions, deductibles, and rates. You may want to check in a few times a year, as companies change their rates frequently, and sometimes they offer special rates to customers who switch from another company.

Subaru Crosstrek Insurance Rates by Age

Car insurance rates vary significantly by age. How old you are is one of the most significant factors affecting how much you pay, and it’s one you can’t do anything about. In general, young drivers’ auto insurance costs more, and rates go down as you reach each decade.

The most considerable reduction in rates occurs when drivers move from teenagers to their 20s, with an average decrease of $1,833 per year. Another substantial reduction occurs when a driver moves out of their 20s and into their 30s, decreasing on average by $1,614 per year. For each of the following decades, rate reductions are much lower.

How can you save money on your Subaru Crosstrek insurance?

Insurance companies almost always offer discounts to reduce the cost of car insurance rates. You should be eligible for discounts based on your vehicle’s safety features, as the Subaru Crosstrek comes equipped with several. The discounts available from car insurance companies can vary, but common options include:

• Good driver
• Defensive driving course
• Safe driving
• Good student
• Student away from home
• Multi-vehicle
• Multi-policy
• Pay-in-full
• Paperless billing
• Autopay

As you shop around for your insurance, it pays to seek out companies that offer multiple discounts you qualify for.

You can also save money on your car insurance when choosing higher deductibles. However, it’s important to remember that if you must file a claim, you will have higher out-of-pocket expenses. If you prefer higher deductibles, you may want to consider setting aside cash to cover the deductible so that it’s there if you need it.

Find the Best Subaru Crosstrek Insurance

Finding the right Subaru Crosstrek insurance for you is easier when you know what to expect and can use that information to compare rates. Though the Subaru Crosstrek’s average insurance rates are $1,320 per year and $110 per month, your rates depend on several personal and vehicle factors. Taking advantage of discounts and comparing companies can save you money on your car insurance. 

Paying income taxes and car insurance premiums can add up over time. Most people would like to save money wherever they can, so a common question is: “Is car insurance tax-deductible?”

A tax deduction is an expense that you subtract from your reported income, lowering your tax liability. As a result, you get a larger refund or owe less in taxes that year. The IRS has specific rules and processes for counting deductions and calculating tax liability.

Car insurance is only tax-deductible for business activities. If you’re eligible to deduct your auto insurance cost, you must keep detailed records and report your deduction on your tax form, whether you’re a business owner or an employee.

Our helpful guide explains the situations when car insurance is tax deductible, how to deduct your insurance premiums, and how to calculate what percentage of your premium qualifies.

When Car Insurance Premiums Are Tax-Deductible

Auto insurance is tax-deductible when business owners and certain employees use their vehicles for business purposes. Suppose you’re a business owner who uses a car only for business. In that case, you can deduct the actual cost of your insurance rates, fuel, maintenance, and other vehicle-related expenses, or you can choose a per-mile rate, which the IRS calls “standard mileage.”

If you are an employee, you can deduct some of your personal vehicle expenses if you are an Armed
Forces reservist, qualified performing artist, fee-basis state or local government official, or employee with impairment-related work expenses. Although you are never allowed to deduct the cost of commuting to and from your regular place of business, you can write off what you spend on qualified work-related expenses as long as your employer does not already reimburse you. If you do not meet the employee category requirement, check with your employer to see if they will reimburse you at a companywide per-mile rate.

As a sole proprietor, the place to account for your actual expenses or standard mileage deduction is on Schedule C, Profit or Loss From Business. If you’re a qualified employee claiming either deduction, you report it on Form 2106, Employee Business Expense. Neither sole proprietors nor qualified employees have to itemize deductions on their tax returns to claim these write-offs.

If Your Car Is for Personal and Business Use

If you’re a sole proprietor, you can deduct car insurance on your taxes even if you only use your vehicle for business use some of the time. You can use the actual expenses or standard mileage calculation based on the percentage of driving you do for business purposes.

For example, if you drive eight hours every day and six of those are for a grocery delivery company, 75% of your driving is business-related, and 25% is personal. If you consistently do 75% of your driving for business, you can write off 75% of your insurance rates.

If you decide to go with the standard mileage deduction, remember that it changes yearly. The IRS publishes standard mileage rates for every tax year, so be sure to calculate your deduction based on the correct year’s rates.

Write Off Your Car Insurance Deductible

If your vehicle is damaged or destroyed, you may also be able to write off your insurance deductible and the replacement or repair cost above and beyond what your insurance company pays out. However, unless the vehicle is used only for business purposes, it will most likely count as a personal loss, which you cannot deduct unless it’s part of a federally mandated disaster, such as a hurricane or wildfire.

Keep Detailed Records for Your Tax Filing

Even though you can claim car insurance on your taxes without breaking the law, be sure you’ve kept good records so you can write off car insurance as a business expense. If you get audited, you’ll have to show how you got the numbers you reported on your tax form.

You also need to review your records when deciding whether to itemize or take the standard deduction. If you’re a qualified employee, you don’t need to itemize all your deductions to file Form 2106. When you’re deciding between actual expenses or standard mileage, though, it pays to calculate both and choose the one that benefits you more.

Consult a tax professional if you need help figuring out what counts as a write-off and how to calculate your deductions. As you move from personal to self-employed taxes, things get complicated quickly. Although you may be able to manage on your own, there’s no shame in asking for help when you need it. A qualified tax professional can also help you keep up with ever-changing tax laws and back you up if you ever get audited.

Remember: Your Car Insurance May Be Tax-Deductible 

If your state requires you to carry expensive insurance, for example, as a ride-share driver, you don’t want to miss out on writing off that expense. Even if you’re allowed to use your personal insurance as a business owner, it’s still a significant expense every year, and it would be a shame to skip the deduction.

To keep your insurance costs as low as possible, always keep car safety in mind and try to qualify for an accident-free discount. You could also ask your insurance agent to review your policy in case you are eligible for any other discounts.

Do you need a driver’s license to buy a car? Legally there are no barriers to purchasing an automobile, even if you are unlicensed, provided you are able to either pay cash or qualify for financing. There are also a number of legitimate reasons why a person may wish to buy a car, even if they cannot legally operate it. 

However, a vehicle buyer without a license to drive can face other obstacles, such as securing a loan and obtaining enough insurance for your car. These problems are not insurmountable, and largely depend on why you are making the purchase and what you plan to do with the vehicle. Here is a guide for unlicensed individuals wishing to buy a car.

Buying a Car Without a Driver’s License

Any competent individual of legal age who is able to afford the purchase price and can find a willing seller can buy an automobile, regardless of whether or not they actually have a license to operate it. However, depending on the reason for the purchase, you will be limited as to what you can do with it as an unlicensed person. 

Obviously, you will not be able to operate the vehicle on public streets and roads without risking a ticket for driving without a license. Furthermore, you may face additional obstacles, such as securing financing if you are unable to pay cash or even getting insurance coverage. You may also run up against a serious problem when you attempt to register your car with your state’s department of motor vehicles.

Before going into the difficulties of making a car purchase when you don’t have a license, let’s look at some individual situations why a person who is not licensed to drive would buy an automobile.

• As a gift. Buying a car as a present for graduation, a wedding or other special occasion is not uncommon, and it does not require the buyer to be licensed to drive it. The recipient of the gift must be licensed, however, and the vehicle registered in their name.
• For a chauffeur.  You are essentially buying a tool for an employee so that they can perform the task of driving you around. This may be an actual chauffeur or a full- or part-time caregiver. All that matters is that they are licensed and insurable.
• For a business. As a business owner, you can buy as many cars, trucks, or other necessary vehicles as you need for your employees, regardless of whether or not you have a driver’s license. Vehicles used for a business much be covered by a commercial fleet insurance policy. 
• Collector cars. People who collect antique, vintage, and classic automobiles do not need a driver’s license to purchase them. Typically, insurers place tight restrictions on when and where collector cars can be driven.

Where can I buy a car without a license?

Any dealership or private individual can sell you a car, regardless of whether or not you have a license to drive it.  If you have cash in hand, buying a car without a license is a fairly straightforward transaction. You will need to have a valid, government-issued form of identification, but this does not necessarily need to be a driver’s license. A military ID or even a passport will do; many states also offer their own identification cards.

Barriers To Buying a Car Without a License

If you do not have a license to drive, finding someone willing to sell you a vehicle can be the least of your problems, especially if you need a car loan in order to make the purchase. There are other obstacles as well that involve insurance coverage and road taxes.

Getting Car Insurance

Obtaining car insurance without a license for their purchase is a major obstacle to unlicensed car buyers. It can be done, but keep in mind that an insurer requires a driver’s license in order to access a potential customer’s driving history. This said, there are a few insurance companies that will write policies for unlicensed car owners under special circumstances.

What is required is licensing information and a driving record for the person who will be the primary operator. Even if you are paying for the coverage, rates will be based on information regarding the person who actually drives the vehicle. As long as the car is in your name, you will be listed on the policy as an “excluded” driver or “non-driver” to whom coverage does not apply.

Registering Your Car

Every state and province requires that a vehicle be registered and taxed before it is driven on public roads and highways. Unfortunately, the law requires that anyone registering a vehicle in their own name have a valid driver’s license. The only way around this is to list the actual driver on the registration. This would make you at best a co-owner.

Getting Financing

Can you finance a car without a license? It’s not impossible, but finding a lender can be very challenging.  First of all, applying for a car loan requires a valid form of photo identification. Any form of state or federal government-issued identification can fulfill this requirement. However, there is a  catch, which is that most lenders will not approve car financing unless the buyer has a valid license to operate the vehicle. The reason is that lenders require that the buyer have car insurance, which an unlicensed driver does not have.

Even car dealerships that have their own in-house financing will offer a loan to someone with bad credit before someone without a driver’s license. This is because of the aforementioned registration laws and the fact that there will be a co-owner on the title. You could apply for financing from a third party, but again, that insurance requirement can present a serious barrier to car ownership.

Buying a Car Without a License: The Bottom Line

There are a number of legitimate reasons why a person without a license to drive would purchase a car. Just be aware that the system as it exists is designed to serve licensed drivers. Understand that without a license to operate the vehicle, you will be facing numerous obstacles.

Whether your windshield develops a small chip while you’re driving down the road or it incurs considerable damage during a collision, you may wonder, “Should I use insurance to replace windshield damage?” While it depends on several unique factors, in most cases the answer is yes, you should use insurance to pay for windshield replacement or repair.

It is important to fix your windshield as soon as possible, as small chips can spiderweb over time, and larger cracks can compromise the integrity of your vehicle and pose a danger to you and your passengers. For these reasons, insurance companies often require the insured to seek windshield repair or replacement right away.

Insurance Can Save You Hundreds of Dollars on Windshield Replacement

The rule of thumb dictates that you should file an insurance claim for any covered vehicle repair if the cost of the repair is lower than your deductible and if doing so would not trigger a rate increase. If the deductible is more than the cost of repair or replacement, your insurer would not have a legal obligation to pay anything.

Typically, windshield repair and replacement are covered by your comprehensive coverage. The average deductible on a comprehensive policy is between $100 and $500, with some policies offering deductibles as low as $50.

The average windshield chip repair cost is between $130 and $200, and the average cost to replace a windshield is between $200 and $401. Given these figures, it may make sense for vehicle owners to file a claim against their comprehensive policies for windshield repairs or replacement, if they carry a lower deductible.

If you live in one of the handful of states that have “zero deductible” glass replacement laws, your insurer must legally waive your deductible for repairs and/or replacement, which means you would not pay a dime for the work. Many major insurance companies also waive deductibles on windshield repair and/or replacement for chips and cracks smaller than a certain size.

What To Do If Your Windshield Is Damaged in a Collision

If your windshield sustains damage during a collision, you should report both the incident and the damages to your insurer right away and ask does insurance cover windshield replacement. If yes, the agent will inquire about the date and time of the incident and the extent of the damage. If your insurer utilizes a photo inspection system, you may need to send photos to your insurance company along with your claim.

Once you file your claim, your insurer will either allow you to go to a repair shop of your choosing or let you select one from a list of approved shops. You or your insurer will schedule the repairs and, once complete, you would pay the deductible — if applicable — directly to the shop. The shop will bill your insurer for the remainder of the amount.

What if your insurer does not cover windshield damage, or you have no insurance? Because driving around with a damaged windshield is dangerous, you should get it repaired or replaced regardless. Moreover, many states have laws against driving with a cracked windshield, so you may get a ticket for doing so, which can end up costing more than the repair itself.

Alternatively, you may be able to file a windshield claim against the other driver’s insurance policy. This may be an option if the other driver caused the accident and if you live in an at-fault car accident state.

How To Choose the Right Auto Insurance Company for Glass Coverage

Selecting the right auto insurance company is difficult, as it’s almost impossible to anticipate what kind of coverage you will need until it comes time to use it. When shopping for car insurance, consider your lifestyle and risk factors and look for a company that offers coverage that caters to each. For instance, if you frequently travel on dirt roads, it may be worthwhile to invest in a policy that waives deductibles on windshield repair or replacement. Consider other coverage types and add-ons, such as comprehensive coverage, collision coverage, and classic car insurance as well.

Additionally, attempt to understand your policy, and pay attention to terms such as “deductible,” “claims,” “exclusions,” “covered loss,” and “non-covered loss.” These can tell you a lot about how helpful a policy will be when it comes time to use it.  

Finally, pay attention to company reviews. Customer reviews can provide real insight into how an insurance company operates and handles claims.

Five Reasons It’s Better To Use Insurance for Replacing Your Windshield

If you’re wondering “Should I use insurance to replace my windshield?” here are several reasons why you should.

1 — You May Pay Less Out of Pocket

If you have a low deductible, letting your insurance company foot the bill for windshield replacement may be the best choice. In filing a claim, you stand to save anywhere from $100 to several hundred dollars on the cost of repairs or replacement.

2 — You May Not Pay Anything At All

If you live in a state that has zero-deductible auto glass laws, you may not have to pay anything for windshield repairs or replacement. In this case, it only makes sense to not utilize your auto policy.

3 — Your Rates Likely Won’t Increase

Many insurers will not raise a policyholder’s rates for filing an auto glass claim. If the fear of increased rates is holding you back, simply talk to an agent regarding your concerns.

4 — It’s Convenient

If you go through your insurer, there is a good chance the company will handle the whole repair process for you, from scheduling to billing. This makes seeking repairs more convenient, encouraging you to get them done sooner rather than later.

5 — The Work Is Guaranteed

One of the best reasons to go through insurance for windshield repair and replacement, cost aside, is that your auto insurance often guarantees the work. If the work from an insurance-approved repair shop is faulty, you have peace of mind that your insurer will cover the cost of additional work.

For many people, the question isn’t, “Does insurance cover a cracked windshield?” but rather, “Should I use insurance to replace my windshield?” While, in most cases, it is best to go through your insurance for windshield repair and replacement, the only way to know for sure if doing so makes sense for you is to work directly with your insurer during the decision process.

If you took out an auto loan and are now looking for ways to reduce your financial obligations, you may wonder, can you refinance a car loan? Refinancing a car loan involves taking out a new loan to replace the existing one, typically with a new lender. Just as it did with the previous lender, your car would serve as collateral until you pay off the loan in full.

Most people refinance their auto loans to get lower interest rates and save money. The process frees up cash for other bills.

Even if you cannot score a lower rate, refinancing may reduce your monthly payments by extending the repayment period. This may help if you are strapped for cash each month and need a bit of wiggle room. If you’re not sure if refinancing makes sense for you, use the information in the following guide to make an informed decision.

Benefits of Refinancing Your Auto Loan

When you refinance an auto loan, you receive a few distinct benefits. The top benefits of refinancing are as follows.

Score Lower Interest Rates

The number one reason people refinance their auto loans is to score lower interest rates. You may get a better rate if your credit has improved considerably since you first purchased your vehicle. The same is true if market rates are better now than back then.

Pay Off Your Debt Sooner

If you have the money to increase your monthly payments, you may consider refinancing to pay off your debt sooner. Shorter terms typically come with lower interest rates, which means that even though your monthly payments may be higher, you will ultimately pay less in the long run.

Get Lower Monthly Payments

On the flip side, you may choose to elongate the terms of your loan. If you struggle to pay the full amount each month, extending the life of your loan can score you a lower payment over a longer term. However, beware that your interest rates may go up and, regardless of if they do or not, you may end up paying more over the life of the loan.

Receive Cash From Your Equity

Some auto lenders offer cash-out refinance loans. With this type of loan, you may be able to refinance the original loan and receive some cash to put toward other expenses. This option may only be available if you have considerable equity in your vehicle.

If any of these benefits sound appealing to you, consider whether refinancing makes financial sense in the short and long term.

Should you refinance your car loan?

In many cases, the question isn’t, “Can you refinance a car loan,” but rather, “How soon can you refinance a car loan?” Below are a few factors to consider to help you decide if refinancing makes sense for you right now.

Have interest rates dropped since you took out your loan?

Interest rates fluctuate regularly, so there is a strong possibility that they have fallen since you took out your original loan. If you can lock in a rate that is even just two to three percentage points lower than your rates now, you can save thousands of dollars over the life of your loan.

As an example, consider how much you can save by scoring a rate that is 1% lower than your rate now. If you took out an auto loan for $36,000 at 7% interest for 60 months, you would pay a total of $42,771. However, if you refinance for a point lower, you will end up paying $41,759 for a savings of $1,102. If you shorten the life of that same loan, you can save an additional almost $1,500.

Has your credit score improved since you took out the original loan?

If interest rates haven’t changed much since you took out your loan but your credit score has, you can still score a better rate by refinancing. For fair to poor credit, the average APR on a used vehicle is between 9.08% and 19.87%. A good to excellent credit rating can get you a rate of between 5.38% and 3.61%. If you had less than stellar credit when you first took out the loan, it may make sense to refinance now that you’ve built it back up.

Do you need access to more capital right now?

If you need to free up funds either by lowering your monthly payments or obtaining a cash-out refinance loan, refinancing may help.

Is your loan almost paid off?

If you have already almost paid off your loan in full, refinancing may make little sense. The longer you wait to refinance, the less you will save by doing so.

Will refinancing hurt your future goals?

When you refinance, you essentially obtain a new loan. If you hope to buy a home or other large asset in the near future, obtaining a new loan — even if for financial purposes — may get in the way of your goals. Waiting a couple more months will not minimize the benefits of refinancing, so hold until you’ve accomplished your goals before going through with the process.

How To Refinance a Car Loan

Refinancing an auto loan entails taking many of the same steps you took to obtain the original loan. That includes doing the following:

• Checking and improving your credit score
• Gathering income documentation
• Researching lenders
• Comparing loan offers
• Applying for the new loan
• Finalizing the contract

If your credit score has improved, and/or if you can show that you make timely payments on your current loan, you should have little trouble refinancing your auto loan.

Other Ways To Save Outside of Refinancing Your Auto Loan

If you decide refinancing is not for you, know that there are other ways you can save money on your monthly expenses, like reducing the cost of car insurance rates. When you shop around, you can save nearly $1,000 annually on auto insurance rates, which adds up to significantly more savings than what you can score with a refinance. If you combine refinancing with newer, cheaper car insurance, you stand to save thousands.

Shopping for auto insurance is a hassle, especially if you are determined to get the best coverage at the most affordable rates. While it makes the most financial sense to shop around until you find that coverage, the process can be complex, confusing, and time-consuming. Fortunately, car insurance brokers exist.

Insurance brokers bring a level of expertise to the search process that many everyday citizens do not have. A broker can seamlessly guide you through the shopping process and present you with the coverage options that best fit your needs and budget.

In most cases, you have to pay insurance brokers. Many charge a flat rate, while some receive a commission from the companies for which they sell. The commission is typically a percentage of the price of the policy. Regardless of the cost, using a broker’s services can help you save money in the long run.

What is a car insurance broker and what do they do?

A car insurance broker helps individuals find the best policy for their needs and budget. They essentially take over the shopping and comparison processes for you and present you with options that offer the best combination of coverage and affordability.

Most brokers sell policies from several insurance companies so as not to pigeonhole customers into one or a handful of coverage packages. They differ from agents who have ongoing relationships with certain companies. These brokers, otherwise known as “captive insurance agents,” sell policies from one company and work for that company.

All car insurance brokers must meet the licensure requirements for the state or states in which they sell policies. The companies they partner with must enforce these requirements and ensure their brokers meet all other qualifying criteria to protect consumers’ interests.

Car Insurance Broker vs. Insurance Agent

Brokers differ from insurance agents in three distinct ways. The first is that they do not work exclusively for car insurance companies. Rather, brokers work on behalf of people like you to find the best insurance policies from the best auto insurance companies in the industry.

The second distinction is that agents can complete insurance sales — or “bind coverage” — whereas brokers cannot. Many brokers do not have the agency to sell policies. Instead, they must work with insurance agents, who are employees of insurance companies, to finalize sales. Some brokers, however, do have the qualifications and authority to complete sales.

Finally, agents receive appointments from one or more companies. This means they enter into contracts with insurance companies that outline which products they have the authority to sell and at what rates.

On the other hand, brokers merely solicit quotes from the best car insurance companies. The best brokers can obtain cheap monthly rates by identifying and negotiating for discounts as well. When consumers are ready to purchase a policy, the broker works with the insurance company or an agent to obtain a binder.

Car Insurance Quotes With the Help of an Independent Broker

There are several advantages of using a broker rather than shopping for and comparing policies on your own. Below are a few ways a broker can help streamline the process for you.

They Shop on Your Behalf

Perhaps one of the best reasons to use a car insurance broker is that they can do the work on your behalf. Once you give your broker a solid idea of your needs and budget, they can take over the shopping and comparison processes and narrow down the options.

They Possess Knowledge You May Not Have

Insurance is confusing, with many policies full of complex jargon and dense legal language. Brokers are intimately familiar with the ins and outs of the industry and policy lingo. They can help you cut through the jargon and truly understand what you are paying for.

They Help You Access a Broader Market

Though many insurers have switched to systems that allow for online quotes, several still require interested parties to contact agents via phone. Gathering quotes over the phone can be extremely time-consuming, especially when many agents try to sell to you over the phone while they have you. This deters many individuals from seeking phone quotes and, therefore, narrows their market.

When you pay a professional to shop for quotes for you, time becomes a non-issue. The brokers contact car insurance companies on your behalf to ensure you get the best coverage at the lowest rates from the widest market possible.

They Save You Time

Whether you look for quotes online or via phone, shopping for quotes and comparing them can be time-consuming. When an insurance broker takes over the task for you, you get your time back.

They Can Identify the Best Coverage

Most vehicle owners are unaware of how much and what type of coverage they actually need. Moreover, many vehicle owners are not familiar with state laws, which makes shopping for coverage all the more difficult. Car insurance brokers, on the other hand, can assess your situation and find coverage that not only meets your needs but also fits your budget. If you have concerns about a policy, or if you are hesitant to choose a pricier policy, your broker can help you assess the risks of each option and ensure you are confident in your purchase decision.

They Can Help Adjust Your Coverage as Your Needs Change

Finally, a broker’s job does not end once you purchase a policy. The best professionals stick with you over the years and identify ways you can adjust your policy to align with your current lifestyle.

What are the cons of using an insurance broker?

Working with a car insurance broker does come with a few pitfalls, as follows.

You Must Pay for Their Services

Brokers charge a fee for their services, either upfront or via a commission. Either way, you may end up paying more than you save. If you pay an upfront fee, chances are you could have found a similar rate on your own. If you pay commission, there is no guaranteeing that the broker won’t point you toward the most expensive policy for their own financial gain. If you choose to hire a broker, make sure you have a clear understanding of their fees and incentives ahead of time.

You May Just as Easily Shop for Yourself

If your needs are simple — such as if you are single, have a clean driving record, and maintain a stellar credit score — you may be able to score the best rates on your own. However, if you have unique driving concerns, such as a commercial driver’s license or horse trailers, it would make more sense to use a broker’s services.

With the availability of online quotes and car insurance guides, it is easier than ever to shop for policies on your own from the best car insurance companies across the nation. Many people can do the job of a broker in mere minutes without ever having to pay a fee, thanks to online quote services.

How To Select a Great Car Insurance Provider by Working With a Quality Broker

A broker has a duty to operate with your best interests in mind. However, that does not mean you should remain completely passive throughout the entire process. When your broker presents you with policy options, you can minimize your risk by doing the following:

• Compare several policies
• Choose a policy that is easy to read and understand and avoids complex jargon
• Go through each section of each policy to compare how different companies handle different scenarios
• Keep an eye out for “arbitration,” “alternative dispute resolution,” and “legal action against the insurer”
• Familiarize yourself with the customer’s obligations of each policy

Finally, check reviews to learn what a website or broker may omit about an insurer.

The Different Types of Car Insurance Coverage You Can Get With a Good Broker

The best car insurance brokers strive to secure a policy that includes minimum coverage and add-ons for little to no extra cost. Examples of add-ons that you may never have considered on your own include road debris coverage, windshield replacement, collision coverage, and GAP insurance.

Working With a Car Insurance Broker

Working with a car insurance broker has its benefits, especially if you do your homework. However, you can also do a lot yourself without having to pay a fee by using an online car insurance comparison service.