Important Reasons to have Non-owner Car Insurance
In case you are involved in an accident with a car that you don’t personally own, non-owner auto insurance provides coverage for the injuries you may incur as well as any property you damage in the process. If you are involved in an accident, your non-owner insurance will pay for injuries and property damage to other parties if you are involved in an accident. If you don’t own a car but drive occasionally, there are several reasons why you should have non-owners car insurance policy. The following are ways through which having non-owner insurance policy is beneficial.
Non-owner insurance policy is a cheaper insurance compared to standard insurance policy, which can be attributed to the less time you will spend driving; if you are an occasional driver, it is better than foregoing insurance altogether. Even if you don’t own a car, there are a few errands you would want to run occasionally that will require one and this is where the convenience of having non-owner auto insurance comes in; you can drive a car anytime you want for a little cost that you pay to the insurance.
If you don’t own a car but you drive your friend’s or colleague’s, non-owner insurance policy may be a good choice, plus you don’t have to rely on the protection offered by the car owner’s insurance policy. Having non-owner insurance policy will help you avoid gaps in your coverage; whether you sell your car or you are not intending to drive for an extended period of time, non-owner insurance will ensure you are covered all the time. If you choose to buy a car in future after going without auto insurance for a long time, insurance companies will view you as a risky investment, which leads to high insurance premiums.
Having comprehensive or other auto insurance policies means you will have to make monthly car payments which can be expensive, but with non-owner car insurance there is no such payments; you get car insurance without making car payments. The money you save by going car free can be invested in other expenses or used to strengthen other policies you already have like health or home insurance.
Non-owner car insurance policy is important because it provides rental car coverage too; you are already covered the moment are renting a car and you have this policy. Non-owner car insurance is important too if you are trying to get your driver’s license reinstated after suspension because of a traffic offence like diving under influence. You should have non-owner auto insurance to enjoy these benefits.