True or False: You must own a vehicle to purchase auto insurance.

The assertion that you must own a vehicle to purchase auto insurance is false. Auto insurance can be purchased by individuals even if they do not own a vehicle. This situation often occurs with individuals who may need coverage for a vehicle they frequently drive, such as a rental car, a vehicle belonging to a friend or family member, or even for occasional use of shared vehicles.

Many insurance companies offer non-owner car insurance policies, which provide liability coverage for drivers who do not own a vehicle. This type of policy can be essential for individuals who rely on borrowed vehicles or rental cars, ensuring they are protected when driving someone else’s vehicle or a rental.

In addition, individuals in certain circumstances, such as co-signers on loans or frequent drivers of a family vehicle, may also seek auto insurance irrespective of vehicle ownership. Thus, it is entirely feasible to purchase auto insurance without owning a vehicle.