Non-owner insurance is a type of auto insurance that provides liability coverage for bodily injury and property damage if you are driving a car that you do not own. Like most auto insurance, non-owner auto insurance covers the holders from the expenses of paying for medical bills or damages they cause when involved in an accident. Non-owners car insurance is usually bought by only a small group of people but its benefits are of great importance and would be a great option for you. Here are some of the advantages of having non-owner car insurance policy.
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 rent or borrow often enough, having non-owner auto insurance may be cheaper than paying for a liability coverage offered by the rental company. It is always important to have auto insurance all the time to avoid gaps in your coverage and since this can be expensive if you don’t have a car, non-owner auto insurance policy offers a cheaper alternative. 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.
No car payments if you choose non-owner car insurance policy; since you don’t have a car, you can insure you are always covered every time you are driving without incurring the additional expenses. Going without a car means you will be saving thousands of dollars that you could have paid for a standard auto insurance, so the money you save by going car free can be put to other uses.
Buy rental car coverage for a short-time frequently eventually gets expensive for those who rent cars continually but you can avoid incurring the additional expense if you have non-owner auto insurance policy. If you have been cited after an accident or violation or have your license suspended, you may need a non-owner insurance as proof of liability protection. You should have non-owner auto insurance to enjoy these benefits.
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