Everything You Need to Know About Insurance on License

Having auto insurance is one of the most important things to do as a car owner. However, there is a little-known fact that your license can also be insured. Yes, you heard that right! Car insurance can also cover your license. In this article, we’ll discuss the details of insurance on license and why it’s important.

What is Insurance on License?

Insurance on license is an add-on to your regular car insurance policy that covers the cost of replacing or renewing your driver’s license in case it’s lost, stolen, or damaged. This type of insurance also covers the fees associated with renewing your license.

Insurance on license is not mandatory, but it can come in handy if you need to replace your license. It’s usually offered as an optional coverage by car insurance providers.

What Does Insurance on License Cover?

Insurance on license covers the cost of replacing or renewing your driver’s license in case it’s lost, stolen, or damaged. The coverage may vary depending on the insurance provider, but most policies cover the following:

Coverage
Description
Replacement of lost/stolen license
Covers the cost of obtaining a new license if your original one is lost or stolen.
Renewal fees
Covers the fees associated with renewing your license.
Damaged license
Covers the cost of obtaining a new license if your original one is damaged.

Why is Insurance on License Important?

Insurance on license can be beneficial in many ways. Some of the reasons why insurance on license is important are:

  • Convenience: If your license is lost or stolen, it can be a hassle to go through the process of obtaining a new one. With insurance on license, you don’t have to worry about the cost or the hassle of obtaining a new license.
  • Cost-effective: The cost of obtaining a new license can add up quickly. With insurance on license, you can save money on the cost of renewing or replacing your license.
  • Peace of mind: Knowing that your license is covered in case of loss or damage can give you peace of mind.

How to Get Insurance on License

Insurance on license is usually offered as an optional coverage by car insurance providers. To get insurance on license, you’ll need to contact your insurance provider and ask about the coverage. Not all insurance providers offer this type of coverage, so it’s important to shop around and compare policies.

How Much Does Insurance on License Cost?

The cost of insurance on license varies depending on the insurance provider and the level of coverage. Generally, the cost is minimal and can be added to your existing car insurance policy for a few dollars per month.

Frequently Asked Questions

Q: Is insurance on license mandatory?

A: No, insurance on license is not mandatory. It’s an optional coverage that can be added to your car insurance policy.

Q: What happens if I lose my license and don’t have insurance on license?

A: Without insurance on license, you’ll have to pay the cost of obtaining a new license out of your own pocket. Depending on where you live, this can be an expensive and time-consuming process.

Q: Will insurance on license cover my driver’s permit?

A: Yes, insurance on license can cover the cost of replacing or renewing your driver’s permit as well.

Q: Can I get insurance on license if my license has already expired?

A: It depends on the insurance provider. Some providers offer insurance on license even if your license has expired, while others may require a valid license.

Q: How long does it take to get a new license with insurance on license?

A: The time it takes to get a new license with insurance on license varies depending on where you live and your insurance provider. Generally, the process is faster with insurance on license since the cost is covered.

Conclusion

Insurance on license is an optional coverage that can come in handy if you need to replace or renew your driver’s license. It’s cost-effective and can give you peace of mind knowing that your license is covered in case of loss or damage. Contact your car insurance provider to find out if they offer this type of coverage and compare policies to find the best deal.