The Basics of Non Owner Auto Insurance
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If you currently drive an insured car that doesn’t belong to you, buying non-owner car insurance might be an option to consider. Do you find yourself using your friend’s or family member’s car a lot? Have you ever thought about what would happen if you got into a serious wreck? The fact is, you can be held liable if something goes wrong. Your best bet is to get added coverage and protect yourself.
Think of non-owner coverage as a type of back-up plan, in the event you use someone else’s automobile and get into a wreck. The owners’ policy is the main insurance, while your non-owner policy serves as added protection. Even if you don’t own the car yourself, you still need to sign up for a viable plan that can protect you, if you were to get into an accident.
There are car insurance policies that are specifically designed to insure you, for the times you drive someone else’s vehicle. This coverage is put in place for those who don’t have their own car. If you are renting or borrowing a car owned by someone else, you need in the least, state minimum liability insurance. If you’re looking for more information, Good to Go Insurance can explain your options and give you a hassle-free, no-obligation quote online or over the phone. Apply now and find cheaper rates in less than 5 minutes.
There are insurance providers that will extend non-owner coverage to rental cars. If you travel frequently and often use rentals, this is an important item that is worth considering adding. While many credit card companies have rental car insurance programs, they might not have high enough limits to adequately protect you. You should also note that rental firms are required to maintain state minimums for liability insurance for all their vehicles.
Non-owner coverage provides liability insurance, up and to the limits of the policy. It also takes care of medical coverage for yourself and an uninsured motorist if you get into an accident. While it can depend on the insurer in certain areas, most states will cover medical bills if you are injured in an accident caused by someone without enough insurance to pay for it.
A non-owner policy can typically cost less than standard coverage, mainly because it covers less. Rates for good drivers start at about $39 per month. The cost of a non-owner policy also depends on your age, location, vehicle type, how much you drive, the current status of your driving record and other factors. If you have multiple violations on your record, such as reckless driving, you may be considered a high risk driver. In this situation, you can expect to pay a lot more for coverage, sometimes twice as much as safer motorists. Below are two examples of the cost of standard insurance vs a non-owner policy.
Single Male, 25 Standard Policy $548 — Non-Owner Policy $497
Single Male, 40 Standard Policy $516 — Non-Owner Policy $463
Some people who borrow cars may be wondering whether or not getting non-owner car insurance is the right idea. Typically, you will want to consider getting this type of ins if you meet one or more of the following criteria:
Keep in mind that if you are living at home with your parents and you use one of their vehicles every day for work, you should not get non-owner car insurance. Instead, you should be added onto your parent’s auto insurance plan as an additional driver.
Optional Coverage Options
Unfortunately, non-owner policies do not have any optional coverage options. Most standard car insurance plans will allow for additional coverage, such as collision and towing.
Shopping around for the best auto insurance is a simple process thanks to the internet. Currently, there are seven companies that offer non-owner car insurance policies across the nation:
Each of these providers offers plans nationwide. If you already have a policy with one of these insurers, then you can often save money when adding non-owner auto insurance.
Here are some regional carriers that offer non-owner liability policies:
While many of the major companies offer non-owner auto insurance coverage, it isn’t the most popular and promoted product. Most people don’t even know that this kind of liability coverage is an option.
In reality, this insurance policy is a great alternative in the event you can’t get full coverage. While you may not be able to get a direct quote online through one of the company’s websites, you can easily get quoted with Good To Go Insurance. This type of insurance will give you peace of mind and save you money if you ever get into a major crash using another person’s car. Start your free quote now and explore all your insurance options.