Non Owner Auto Insurance - What You Need to Know About Non Owner Car Insurance

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You can buy car insurance even if you don't own a vehicle. This type of coverage is known as non owner auto insurance. So why would you consider this?

When To Buy Non Owner Coverage

You may want to consider buying this type of coverage in a situation where you are living in a city and rely on public transportation most of the time but are renting or borrowing a vehicle from someone often. You want to have adequate insurance protection if an accident occurs to pay for injuries or damage to property.

What Happens After An Accident

If an accident occurs while you are behind the wheel of a borrowed or rented car, the owner's insurance policy would be in effect. He or she would be responsible for any damages owing over the policy limits. As the driver at the time of the accident, you may be faced with legal action from the owner or the insurance company to recover the money paid out after the accident. Buying a non owner car insurance policy will protect your assets.

The Cost

In a situation where you are renting a vehicle often, it may be less expensive for you to buy your own insurance than to get coverage through the rental company each time. You also have the added assurance that you are covered for every vehicle you are driving, not just the one you have rented.

Another scenario where buying a non owner auto insurance policy may make sense is when you drive a company car for work. You will be covered under the employer's insurance policy, but how many people would ask how much coverage the company's insurance policy provides when they get behind the wheel of a company car.

How To A Find Non Owner Car Insurance Policy

You look for non owner car insurance in the same way as you shop for other car insurance coverage. You can look online for a company that offers this type of coverage and request a quote, or contact an independent insurance agent who can get quotes for you.

Family or friends may be able to help you find non owner car insurance coverage as well. Ask around to see if anyone knows of a company you can contact to get this type of protection.

Compare Non Owner Car Insurance Quotes Online

Once you have quotes in hand, you need to go over them very thoroughly to make sure you understand the policy provisions. Every auto insurance company will have use different language in its policies and it's important to go over each clause so you understand exactly what you are getting.

Pay special attention to the policy's exclusions as well. No policy covers all situations, and you don't want to assume that you have protection only to find out after an accident that you don't.

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