If you are renting a car for an extended period of time or are planning to drive someone else’s vehicle, you can protect yourself from expenses associated with an accident when you have non-owner’s car insurance.
Many auto insurance companies offer non-owner car insurance programs for people who regularly drive a vehicle that they do not own, and having this type of insurance offers benefits that are similar to insuring your own vehicle. Here’s what you need to know about getting auto insurance without owning a car:
Coverage Options for Non-Owner Car Insurance
Most auto insurance providers offer several types of coverage options for those who don’t own a car and are planning to drive someone else’s vehicle for a certain period of time. Having this type of insurance ensures that the driver will not incur excessive costs when they are involved in an accident, but non-owner’s car insurance typically offers only basic coverage. Coverage options for non-owner car insurance typically includes:
– Medical payments coverage
– Personal Injury Protection (PIP)
– Uninsured motorist protection
– Underinsured motorist protection
– Liability coverage
Most auto insurance providers do not offer coverage for towing reimbursement, rental reimbursement, comprehensive or collision damage. Since it is a very basic type of insurance, it does not provide coverage for any vehicles that are registered to the policyholder, vehicles owned by residents of the insured’s household, or for any other vehicles that are owned by the policyholder.
Non-owner car insurance is usually less expensive than insurance offered by a rental car company, making it a more cost-effective and affordable option for drives who plan on renting a car for an extended period of time. Non-owner car insurance may also be an attractive option for those who are driving a company-owned car or borrowing a friend or relative’s car for more than a few days out of the year.
How to Get Auto Insurance Without Owning a Car
Non-owner’s car insurance is available in every state and offered by most insurance companies. You can compare quotes for non-owner’s car insurance from several car insurance companies to make sure you are getting the best available rate. Every insurance provider will base their premiums on the insured’s age, gender, driving history and other factors. Find out what the limits of coverage are, and what the claims process is in the event you are involved in an accident while carrying this type of insurance.
Limits and claims-filing processes will vary by insurance provider, so you will need to review the terms in detail to make the most informed decision.