Learn About Non-Owner Car Insurance
If you don’t own a car, you may think that there’s no need for you to carry your own auto insurance. However, this simply isn’t the case. In fact, there are even special car insurance options that are specifically designed for motorists who rely on others’ cars to get around. Here’s what you need to know about non-owner auto insurance.
What does it cover?
Non-owner car insurance offers liability coverages for the policyholder. This means, in the event of an auto accident, your insurance would cover the cost of the other party’s losses and repairs. However, because the car you were operating at the time of the accident was not yours, you do not receive coverage for any of its damages. The cost of the damage would come out of the true car owner’s insurance.
Who needs this coverage?
Non-owner car insurance is most highly recommended for drivers who rely on borrowed or rented cars to get around. If you often use your friends’ and family members’ cars, get rental cars, or use car-sharing services (such as Zipcar), securing non-owner car insurance is a must. Here’s what this insurance will cover for each condition:
- Borrowing a Car – If you get into an accident while driving a borrowed car, your non-owner car insurance will supplement the car owner’s insurance coverage. This means that your policy will provide additional liability coverage, so the cost of your accident doesn’t come out of your loved ones’ pockets.
- Renting a Car – When you rent a car, rental companies often require you to carry some form of liability coverage. Non-owner car insurance provides this coverage and ensures that you do not need to purchase an expensive coverage plan from the car rental company.
- Using a Car-Sharing Service – If you are using a car-sharing service, such as Zipcar, the company will offer you some insurance protection. However, this coverage is rather limited, and an accident could easily exceed its limits. Non-owner car insurance will supplement this coverage and ensure you are not personally responsible for the remaining cost of the claim.
This is what you need to know about non-owner car insurance. Are you looking to secure the right auto insurance policies to fit your specific needs? For assistance with all your coverage needs, contact an insurance professional at Westwood Insurance Agency today.