Are you under the misconception that you only need an auto insurance policy if you are driving a car that you own (Owner Auto Insurance)? We want to make sure you don’t find yourself in a precarious and expensive situation. The truth is this: Even if you do not own a vehicle, it is still very important to be covered under an auto insurance policy known as “Non-Owner’s Auto Insurance.” What exactly is and Non-Owner’s Policy? We have the answer.
A non-owner’s auto insurance policy covers one driver (multiple drivers do not apply) for any liability if you do not own a vehicle. For example, you are driving a friend or family member’s car and get in an accident. If you are protected, you will either be able to cover the repairs so their insurance premium does not go up OR you will be able to cover repairs that their limited liability policy may not cover . Talk about a relationship saver.
Other Benefits
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By securing an auto insurance policy of any kind (Owner or Non-Owner) you are less likely to be considered a high risk driver which would be the case if you have no insurance.
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It shows a responsible track record and make it easier to get an affordable policy when you need one.
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A non-owner insurance policy can be converted into regular auto insurance when you buy a car.
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Non-owner insurance can cover a person living in your home that does not own a car and wants to drive your car.
If you do not own a vehicle but drive a car OR own a vehicle that you allow non-owners to drive, non-owner insurance is worth exploring pronto. It can make the difference it paying a lot of money out of pocket versus virtually free repairs if and when the time comes. You’ll be glad you said “yes!” to this wise decision.