Many believe they don’t need a car insurance policy because they don’t own a vehicle. However, if you occasionally drive rental vehicles, borrow friends’ cars, or want to avoid a costly insurance lapse, you might consider buying a non-owner car insurance policy.
What Is Non-Owner Car Insurance?
This policy provides liability coverage for those who don’t own a vehicle and protects them from financial losses if they are involved in a crash while driving a non-owned car.
This insurance policy typically includes bodily injury and may provide medical payments coverage, uninsured/underinsured motorist coverage, and personal injury protection. The only difference is that it doesn’t provide coverage for the car.
Who Should Consider Buying Non-Owner Car Insurance?
Non-Owner Car Insurance is an excellent option for those who do not own a car but need insurance coverage to drive someone else’s vehicle. People who only occasionally borrow or rent a car but still need to be protected from liability in case of an accident need this insurance policy. It’s also suitable for those who use car-sharing services such as Uber or Lyft, as it provides additional protection beyond the company’s insurance policy.
Who Should Not Consider Buying Non-Owner Car Insurance?
Those who own a car should not buy a non-owner car insurance policy as it is designed for individuals who do not own a vehicle. Non-owner car insurance is meant for those who rent a car occasionally and need coverage.