Getting from one place to another these days can be very difficult without a car, but not everyone owns one. It’s a pretty expensive investment in the first place, and maintaining a vehicle for years can be more trouble than it’s worth. That’s why many people have turned to renting or even borrowing cars from businesses or other people. But car accidents can happen to anyone, and this can be an issue if you find yourself in one.
Fortunately, there’s insurance for just about anything these days. In fact, you can get car insurance without a car, and this non-driver’s insurance keeps you secure in the event of an accident. What is non-owner car insurance, you ask? This guide will cover what you need to know about getting insurance with no car.
What is Non-Owners Car Insurance?
First things first — what is non-owners car insurance? Non-owner car insurance is a form of insurance that protects you from accidents that you may cause while driving a vehicle that you do not own. It’s different from regular car insurance, as it covers cars that you don’t have ownership over. Depending on the scope of your insurance, you may be entitled to multiple benefits, including medical payments, among other things.
Can you Get Car Insurance Without a Car?
If you’re wondering whether or not you can get car insurance without a car, then the answer is yes, you can. While it is possible to get car insurance without a car, you’re better off with non-owner car insurance. Auto insurance without a car isn’t ideal as the nuances of your insurance won’t cover non-ownership, as opposed to getting non-owner car insurance.
How Does Non-Owners Auto Insurance Work?
How Much Does Non-Owner Car Insurance Cost?
The cost of annual non-owner car insurance can vary based on multiple factors. Even if you’re getting auto insurance without a car, the insurance company will need to look into a few things, such as where you live and your driving history. All in all, annual non-driver car insurance will cost you anywhere between $200 and $700, depending on the factors mentioned.
What Does Non-Owner Car Insurance Cover?
A non-owners car insurance policy covers a lot of things. For starters, it handles your usual liability coverage. This can be helpful if you’re renting a car that doesn’t have such coverage from the vehicle’s owner.
Aside from liability coverage, a non-owner car insurance policy may also handle medical fees and payments. In the event of an accident, the insurance can foot the bill for you, potentially saving you a decent amount in medical expenses.
This neat little addition can be extremely helpful if your health insurance policy isn’t capable of covering such accidents. Do note, however, not all insurance policies offer medical payments.
All in all, a non-owner car insurance policy will cover just about what you’d expect from a typical car insurance policy, only that it only applies to vehicles that you do not own.
What’s Not Covered by Non-Owner Car Insurance?
Because the insurance only covers accidents you cause with a vehicle you don’t own, it won’t cover any accidents you cause if you do own the vehicle. So, if you plan on buying a car, you may need to get separate insurance for your new ride.
Do also note that non-owner car insurance typically doesn’t cover collision damage. This is because the insurance policy isn’t tied to any particular vehicle in the first place.
As a result, while liability coverage may help with a lot of the damage caused in an accident, it won’t be able to repair the vehicle itself. As such, you’ll still need to exercise extra caution when driving a rental vehicle, as collision coverage is up to the owner of the vehicle.
If you’re looking for something similar, insurance companies also offer plans such as rideshare insurance, which handles vehicles used in ridesharing services. You can also get insurance plans for specific vehicle services, such as Lyft car insurance, which is useful if you usually stick to one or two services.
Do You Need Non-Owners Car Insurance?
Non-owner car insurance can be extremely helpful if you find yourself driving cars you don’t own quite often. Whether you’re renting vehicles on a regular basis or borrowing them from someone you know, it’s a good idea to have non-owner car insurance just in case. The deals of your contract with the business or owner of the car may not cover any damages, which is why having non-owner car insurance can come in handy.
When Don’t You Need Non-Owner Car Insurance?
Even if you do drive other cars and vehicles, you may not need non-owner car insurance if you don’t drive all that often. A non-driver’s insurance will only be “worth the money” if you see yourself driving a lot — if you only drive once or twice a month at most, however, then you may not need to worry about insurance.
How to Get Car Insurance Without a Car?
Getting car insurance without a car is as easy as walking up to your insurance company’s local branch. Many insurance companies offer car insurance with no car, and the application process is just about as ordinary as any other form of insurance. You may need to request a quote, however, as the price of your insurance can vary based on things such as your driving history.
Non-owner car insurance may not be for everyone, but it’s extremely helpful for those who use rentals and borrows vehicles often. With non-owner car insurance, you’ll be able to drive with peace of mind, even if the car you’re driving isn’t your own.