You do not have to own a vehicle or two just so you could get car insurance. If you are a frequent driver and you oftentimes find yourself borrowing the car of your relatives or friends or you use a company car, then non owners auto insurance will do you good at reasonable costs. After all, you do not want to be paying for a full coverage kind of insurance when all you have is the skill, not the actual car, to drive.
But before buying this insurance, look into the following details first.
1. It takes over only after the car's owner's liability has been used.
It is assumed that a vehicle and its owner would have some type of insurance on their names already. However, in cases when the damage incurred in an accident is way above the covered expenses of the car owner's insurance, then non owners auto insurance helps by taking care of the remaining balance.
2. It provides coverage only to the vehicle driven but is not owned by the policyholder.
In case you meet an accident while driving your own car, this insurance cannot cover the damages. Your own and your car's insurance will have to take care of that. Also, this only applies to the private vehicles that you drive. So if you are driving a passenger vehicle for extra income, do not expect this to be the one for you.
3. It may not cover medical expenses.
When you yourself are the one injured, the costs of hospitalization will not be paid for by non owners auto insurance. Collision coverage or other types of insurance are expected to play their roles at that. So at most, this coverage can only help you buffer the expenses arising from accidents.
4. It covers any accidents on any car that you are driving.
Save your own vehicle, all the other cars that you may be driving are covered by non owner car insurance. So if you have been borrowing various cars from different people or you have been renting cars regularly, you can drive all you want without having to worry much.
5. It is cheaper in the long run.
If car renting has been too often for you, then non owners auto insurance can be just right for you. Car rental companies would want to be on the safe side by making their renters get some form of insurance. However, offers are usually short term and expensive. This insurance is accepted by rental companies so you are spared from additional costs.
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Orignal From: What Non Owners Auto Insurance Buyers Must Know
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