Car free insurance is a type of insurance policy that allows individuals who do not own a car, to still have coverage in case they are involved in an accident. It is becoming more and more popular as many people are choosing to use other modes of transportation such as public transit, cycling or walking.
How does it work?
Car free insurance works by providing coverage to individuals who do not own a car but may still need to use one on occasion. This type of insurance policy will typically cover the individual as a driver, rather than the vehicle itself.
For example, if you are renting a car for a weekend road trip, car free insurance would provide coverage for you as the driver, in case of an accident.
Car free insurance can also provide coverage for individuals who often use car-sharing services, such as Zipcar or Car2Go.
The benefits of car free insurance
There are a number of benefits to having car free insurance:
- You are still protected in case of an accident
- You do not need to own a car to have insurance coverage
- You may be able to save money on your insurance premiums
What is covered by car free insurance?
The coverage provided by car free insurance policies can vary depending on the provider and the specific policy. However, most policies will typically provide coverage for:
- Bodily injury and property damage liability
- Uninsured/underinsured motorist coverage
- Personal injury protection (PIP)
Who needs car free insurance?
Car free insurance may be a good option for individuals who:
- Do not own a car but may still use one on occasion
- Use car-sharing services often
- Rely on public transit as their primary mode of transportation
The cost of car free insurance
The cost of car free insurance can vary depending on a number of factors, including your driving record and the amount of coverage you need. However, since you are not insuring a specific vehicle, car free insurance policies may be less expensive than traditional car insurance policies.
How to find car free insurance
Many insurance providers offer car free insurance policies. However, it is important to shop around and compare policies and rates before choosing a provider.
Do I need car free insurance if I don’t own a car?
While you may not legally be required to have car insurance if you don’t own a car, having car free insurance may provide you with peace of mind and protection in case you do need to use a car on occasion.
Can I still get car free insurance if I have a bad driving record?
It may be more difficult to find a provider who will offer you car free insurance if you have a bad driving record. However, it is still possible to find coverage if you are willing to pay higher premiums.
Is car free insurance more expensive than traditional car insurance?
Car free insurance policies may be less expensive than traditional car insurance policies, since you are not insuring a specific vehicle. However, the cost of car free insurance can vary depending on a number of factors.
No need to own a car to have coverage
May be more expensive for high-risk individuals
Covers you as a driver, rather than the vehicle
Coverage may be limited
May be less expensive than traditional car insurance
May not offer the same level of coverage as traditional car insurance
Car free insurance can be a good option for individuals who do not own a car but may still need to use one on occasion. It provides protection and peace of mind, without the need to insure a specific vehicle. However, as with any insurance policy, it is important to shop around and compare policies and rates before choosing a provider.