Not many people know that car insurance can be purchased for times when they don’t own a car. A non-owner’s auto insurance policy covers you for liability when you do not own a vehicle. It is purchased per driver, so multiple drivers are not covered under the policy.
What is a non-owner car insurance?
This insurance provides liability coverage when you’re renting a vehicle or borrowing someone else’s car. This liability coverage pays for injuries and property damage that you cause to other drivers and their passengers. Most non-owner auto insurance policies do not provide coverage for medical or any physical damage; however, it is possible to find medical coverage depending on the car insurance carrier.
A non-owner auto insurance policy may be perfect for you if:
· If you frequently rent a car but do not own a car, this insurance will most likely save you money since rental companies charge a lot for their insurance coverage.
· When convicted of a DUI, you might lose the ability to drive a car. In such cases, the person often is able to drive someone else’s car, such as a friend or an acquaintance; however, a non-owner policy may be required depending on the state.
· If you borrow a friend’s vehicle and you caused a severe accident, this insurance would kick in and pay the excess damage if the damage is more than your friend’s limits.
In addition, you don’t really need to bother when you’re living with your parents, or if you have regular access to a car covered by the owner’s policy. You will just be listed as a driver on their policy instead.
What will it cover?
A non-owner insurance policy focuses mainly on providing you with bodily injury and property damage liability coverage. Some car insurance companies also offer medical payments and uninsured/underinsured motorist bodily injury coverage as part of their non-owner car insurance policies.
Cost of the non-owner policy
A non-owners policy costs significantly less than a typical insurance policy. And it depends on your age, gender, and driving record.
Wellcovered Insurance takes great pride in the quality of service we provide for our customers. If you want to learn more about non-owner car insurance, just give us a call at (386) 218-4951. You may get a free quote from us by clicking here.