Definition: Marketplace Insurance, also known as marketplace auto insurance or marketplace car insurance, is a type of insurance that allows consumers to purchase and use public roads without a driver's license in certain regions where it is legal, such as rural areas or certain states where driving without a license is not permitted. The insurance company provides coverage for damage or loss to the vehicle due to accidents that occur on public roads. Marketplace auto insurance typically includes coverage for liability, comprehensive, collision, and theft. It can also include additional benefits like roadside assistance, medical payments, and extra coverage if the policyholder has a pre-existing condition. Some of the key features of marketplace car insurance include: - In some regions, it may not be possible or legal to drive without a driver's license. - The policyholder pays for protection on their own vehicle while in use by the insurer. - The insurer provides coverage even if the vehicle is being used as a personal transportation mode. Marketplace auto insurance can also offer additional benefits such as roadside assistance, medical payments, and extra coverage if the policyholder has a pre-existing condition.