It may seem like a waste of money to buy car insurance when you don’t even own a car. However, not having any sort of insurance leaves you vulnerable to financial problems and medical debt if you are ever involved in a car accident. If you drive other people’s vehicles often, you might want to consider buying a non-owner insurance policy that would help cover you in the case of an accident.
Non-owner car insurance is a type of coverage that protects you if you are renting a vehicle or driving a borrowed car. It will cover injuries and property damage if you are in an accident, and it will also cover any passengers involved in the accident as well.
If you are between vehicles, a non-owner policy will also cover you during the transition period. In addition, if you have a record of not having any insurance for too long--for example, if you are currently between cars--you may be seen as risky to some insurance companies. This may cause your rates to go up.
What Non-Owner Insurance Policies Cover
Non-owner insurance will usually cover liability, as well as medical expenses for you and passengers involved in the accident. It may also include uninsured motorist insurance, which will cover you if the other person doesn’t have sufficient insurance coverage to cover you in the case of injuries or damages.
However, one important thing to note is that non-owner insurance will not include collision or comprehensive. That means that the insurance will not cover any repairs needed on your vehicle, nor will it replace your vehicle in the case of a total loss. If you are renting a car, this is something to keep in mind. Make sure the car rental insurance company can provide some type of insurance for collision or comprehensive. Some credit cards company also offer this protection if you pay with their card.
The only time you should not consider non-owner car insurance is if you are driving a vehicle whose insurance you are already covered under. For example, you may not have your own insurance or your own car, but your spouse may put you under their insurance, in which case you are already covered.
Non-owner insurance is usually not as expensive than regular car insurance, and it is something that will protect you in the case of an accident. Even if you get a low coverage option, it is better to protect yourself and those who are in the car with you. It is also the responsible choice if you plan on borrowing your friend or family’s vehicle.