Auto Insurance -- Non-Owner, Why Bother?

You do not own a vehicle. So, why would you need a auto insurance policy? Nice question! Having a car insurance policy despite not having a car would be a wise decision in some situations to be discussed shortly.

Since you live in a big cities with highly competent mass transit systems, you may not really need to have a vehicle for your daily routine. However, for those vacations and picnics, you'll need one. And what do you do? You visit a car rental company.

Along with providing you with cars for the period you need to use a private car, these rental companies also sell auto insurance policies that cover you throughout that period. A non-owner auto insurance policy is, however, more affordable for you on the long run if you rent cars regularly. You won't have to be buying short term insurance covers from rental companies.

Moreover, your friends and relatives will feel a lot more comfortable giving their cars to you if you need to use one. Look at it from the vehicle owner's perspective: It shows a level of responsibility. If you can prove that you're very responsible, people prefer to work with you.

Hold on. A non-owner car insurance policy works within a certain rule. If an accident occurs, your non-owner's policy can't take precedence over the vehicle owner's policy. This policy gets to work if the vehicle owner's policy can't take care of the damages caused. I think an example will help you understand better...

Let's say you had an accident with a borrowed vehicle that resulted in damages that sumed to $27,000. If the vehicle owner's liability limit is thirty thousand dollars, your insurance won't be touched. This will not be the case if his/her liability limit were to be half the money. In such a situation your non-owner's policy will come into effect to cover the deficit.

Now, if you're about to buy any form of car insurance policy, you need to take advantage of disparities in rates by different companies. It is very ethical and legal and can save you up to $1000...

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