Question:
Is it permissible to get insurance on house and car?
Answer:
In the Name of Allah, the Most Gracious, the Most Merciful.
All conventional insurance, including house and car insurance, contain elements of riba (interest) and qimar (gambling), which have been explicitly prohibited in the Holy Quran and the ahaadith. Therefore, it is not permissible to get house and car insurance.
To read some verses of the Quran and ahaadith on the prohibition of riba (interest), read this answer: http://www.mufti-online.net/taking-interest-loan-to-buy-house.html
And Allah knows best.
Mufti Faizal Riza
2/10/2011
Darul Ifta Australia
www.mufti-online.net