Why Buy Insurance When You Do Not Own A Car?
Some people choose not to own their own vehicles. However, they do use vehicles frequently, and so a non-owner car insurance policy makes sense for them. These people may frequently rent cars, trucks, or vans. They may even borrow other people's cars a lot. Either way, the most affordable and best way to protect themselves against the risk of an accident, may be a non-owner car insurance policy!
In order to understand how to compare these policies, take a moment to understand how they work.
What Does A Non-Owner Car Insurance Policy Cover?
Consider some of the things that a typical policy may cover.
Liability Insurance - This covers you in case you cause damage to other people's property, and the accident is considered your fault.
Uninsured or Under-insured Motorist - This can cover damage in case the guy who hits you is not properly insured.
Personal Injury Protection - This can provide money to help pay for costs in case somebody is injured. There may also be payment for medical services that an work with existing health insurance.
A typical policy will not cover comprehensive, collision, towing, or rental reimbursement. In general, a non-owner's policy is meant to satisfy the state legal requirements for financial responsibility. So it might be compared to the liability coverage that a vehicle owner has to buy.
Can You Just Buy Rental Car Insurance At The Counter?
If you rent a car, you may be able to purchase this same type of policy at the counter. However, if you rent vehicles often, it is probably cheaper to just go ahead and get your own non-owner policy. They usually cost a few hundred dollars a year. Rental car company policies may cost several dollars a day. That can add up if you are a frequent renter!
Borrowing A Car
The actual vehicle owner should have his or her own policy. It may actually be required to pay first on covered damages. However, your policy will protect you in case the owner does not have enough, or any, insurance. It may also prote ct you against the true owner, or the insurance company, coming after you for damages. If you borrow cars frequently, purchasing your own non-owner policy is prudent.
Who Sells Non-Owner Car Insurance Policies?
Most normal auto insurance companies will also sell non-owner policies. Prices may vary by your location, driving record, and by the company you choose to do business with. It is a good idea to shop around just as you would for any type of coverage.
Shopping For Car Insurance Why not get your insurance quotes online with our fast and free Internet quote forms? Also, learn more about if you should rent without insurance.
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