5 Good Reasons to Buy Non-Owners Car Insurance

Most people do not even know that non-owners auto insurance exists. Generally, people who can drive find a way to get a car of their own. Everyone knows that if you own a car, you have to carry a certain amount of liability insurance to be legal. Regardless of who drives the car, the liability insurance is in force. However, if you are a driver of a car owned by another person, you can have some personal liability that is not covered by the car owner's policy.

Non-owners auto insurance is designed to cover drivers who do not own a car.

If you own a car and it is insured, you probably have no worries as long as you carry full coverage. If you are someone that does not own a car, you may need to have some concerns if you rent cars or drive one that is not yours.

When there is an accident, non-owners insurance picks up the pieces that are missed by traditional car insurance.

By buying your own non-owners policy, you protect your interests and assets if you wreck a car. As the driver, you are also liable for any damage or injuries that you cause. The car owner's insurance will take care of most issues. However, things like the deductible to have the owner's car repaired would be something that non-owners insurance would be able to cover. It can protect you from financial ruin in the event of a lawsuit.

Non-owners insurance is always the last piece of the puzzle.

Most non-owners insurance policies do not begin to pay until all other insurance options have been exhausted. Because of this, non-owner insurance is reasonably priced. It is still not cheap. You can expect to pay from $30 to $40 per month for this type of coverage. One large claim can potentially erase several years of premium payments. You and the owner of the car that you drive can rest better knowing that you have good insurance coverage to back up the car owners policy.

Like all car insurance, it pays to shop around a little for a non-owners policy.

Because all insurance can vary a lot in price, try to get several quotes from different companies before making the decision to purchase insurance. The variation will probably be less than $100 per year, but it can still be worth the effort to shop. Make sure that you understand what each type of coverage each quote is offering. Sometimes, it is better to pay a little more to get superior insurance.

Car rental agencies will force you to have insurance.

When you rent a car, the rental agency will want to see proof of insurance. If you do not have it, you will have to buy their temporary policy for about ten times the cost of non-owners insurance to cover the same period of time. If you are getting a good deal on the rental car, you might just double the price by the time insurance is factored in. With a non-owners policy, it will satisfy the rental company. If you rent several cars per year, the cost savings can be quite significant.