What is Non-Owner Car Insurance?

Here’s what you need to know about non-owner car insurance.What is Non-Owner Car Insurance?

If you don’t own your own car, you may not see a need for auto insurance. However, there are certain scenarios in which having car coverage is extremely important. This is where non-owner car insurance comes into play. Read on to learn more about this type of auto coverage.

What is it?

Non-owner car insurance offers the policyholder liability coverage in the event that they get into an accident or cause third-party losses while operating a vehicle. Because the policy owner does not own their own vehicle, this type of insurance does not offer coverage for any damages that a car might sustain when the policyholder is behind the wheel.

Who needs it?

This type of auto insurance is a great investment for individuals who often borrow their friends’ or family members’ cars to get around, people who rent cars frequently, and drivers who often utilize car-sharing services such as Zipcar. When you borrow another’s car, their insurance will offer coverage for any accidents you get into. However, if you are involved in a particularly expensive claim, your non-owner car insurance will offer coverage to supplement the primary car owner’s policy once it reaches its coverage limits. If you frequently rent cars, non-owners car insurance will ensure that you do not have to buy liability coverage through the car rental company. This will help you save money, as rental car insurance is notoriously expensive. Finally, when you use a car-sharing service such as Zipcar, the company will offer drivers some coverage. Your non-owner car insurance will simply supplement this coverage to ensure that you do not have to pay out of pocket for any claims that exceed the car service’s coverage limits.

How much is it?

Because non-owner car insurance only offers liability coverages, these types of policies tend to be far cheaper than standard auto policies. However, the actual cost of your policy will depend on a series of individual factors such as your driving history, age, gender, and how frequently you intend to drive.

This is everything you need to know about non-owner car insurance. Do you have additional questions regarding your auto insurance options? If so, contact the professionals at Miller Carlisle Insurance Services. We are ready to assist you with all your coverage needs today.

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