Car ownership is not always necessary to require car insurance. If you frequently rent cars or borrow from friends, family or car-sharing programs, you can consider getting non-owners car insurance. Non-Owners car insurance is a cheaper alternative for those who do not own a car but still want to drive one. This article will discuss everything you need to know about cheap non-owners car insurance.
What is Non-Owners Car Insurance?
Non-Owners car insurance is a policy that provides liability coverage for drivers who do not own a car. This type of policy is perfect for those renting cars on a regular basis or borrowing cars from a friend or family member. This policy also covers your legal fees if you get sued over a car accident. Non-Owners car insurance does not cover damages to the car you are driving; it only covers the person and property damage caused during an accident.
While this policy only covers liability, it is still essential to have if you frequently drive other people’s cars. It is required by law to have liability insurance, and non-owners car insurance fits the requirement.
How Much Does Non-Owners Car Insurance Cost?
Non-Owners car insurance is generally cheaper than regular car insurance. It costs around $200 to $500 annually, depending on the state and insurance company you choose. The cost varies based on factors like age, driving history, and coverage limits.
Having a good driving record and clean credit history can help you get cheaper rates. Additionally, your insurance premiums may be lower if you choose higher deductibles or lower coverage limits.
What Does Non-Owners Car Insurance Cover?
Non-Owners car insurance provides liability coverage, which means that it only covers damages or injuries resulting from an accident you cause while driving a borrowed or rented car. The policy covers damages to other vehicles, people’s medical costs, and any other property damage resulting from the accident.
It does not cover damages to the car you are driving, or any injuries sustained by yourself during the accident. For this reason, some people choose to get additional coverage, like personal injury protection or collision coverage.
Who Should Get Non-Owners Car Insurance?
Non-Owners car insurance is perfect for people who don’t own a car, but frequently drive borrowed or rented cars. It is also useful if you travel often and frequently rent cars. Additionally, if you have a DUI on your record, you may be required to get non-owners car insurance for a particular period.
If you regularly drive someone else’s car or participate in car-sharing programs, it is recommended you get non-owners car insurance.
How to Buy Non-Owners Car Insurance
To purchase non-owners car insurance, you must first find an insurance company that offers it. Most insurance companies provide this type of policy. You can compare quotes from different companies and choose one that offers affordable rates and coverage that suits your needs.
Once you have selected a company, they will ask for your driving history and personal information to determine your premium rate. You can then customize the policy to fit your needs and budget.
Q: Is non-owners car insurance mandatory?
A: Non-Owners car insurance is mandatory in most states. It is required by law to have liability coverage to drive legally.
Q: Does non-owners car insurance cover the car I am driving?
A: No, non-owners car insurance only covers liability for damages or injuries caused to other people or property.
Q: Can non-owners car insurance be used for rental cars?
A: Yes, non-owners car insurance can be used for rental cars. If you frequently rent cars, it is recommended you get non-owners car insurance to save money on rental car insurance.
Q: How much does non-owners car insurance cost?
A: Non-Owners car insurance usually costs around $200 to $500 annually, depending on the state and insurance company you choose.
Q: Can I add additional coverage to non-owners car insurance?
A: Yes, you can add additional coverage like personal injury protection or collision coverage to non-owners car insurance.
Non-Owners car insurance is an affordable and useful policy for those who frequently borrow or rent cars. It provides liability coverage, which is required by law to drive legally. You can customize your policy to suit your needs and budget, and it is recommended you shop around and compare quotes from different insurance companies to get the best deal.
By having non-owners car insurance, you can have peace of mind knowing that you are covered in case of an accident while driving a borrowed or rented car.