Seniors shopping for auto insurance should compare and contrast different types and coverage amounts for the best policy to suit their driving habits. If you drive infrequently but are still in need of basic protection, it’s worth taking a look at a non-owner policy. In this brief guide, we’ll explore the basics of non-owner auto insurance so you can better understand its differences from a standard policy.
Defining Non-Owner Insurance
Non-owner insurance is a policy designed for people who drive but don’t own a vehicle. It provides liability coverage when you’re driving a car that isn’t yours, such as borrowed or rented vehicles. Non-owner insurance covers damages and injuries you cause to others in an accident. However, it does not extend coverage to the vehicle you’re driving or your own injuries.
Non-Owner Auto Insurance Coverage
Non-owner auto insurance primarily provides liability coverage, including bodily injury and property damage liability. If you’re at fault in an accident, it will cover the other party’s medical expenses and repair costs. Some policies offer additional coverage, such as protection for uninsured or underinsured motorists. Keep in mind that this insurance doesn’t include collision or comprehensive coverage. You won’t be covered for theft, vandalism, or natural disasters affecting your car.
Who Should Have Non-Owner Insurance?
Non-owner insurance could be right for you if you frequently rent cars or borrow vehicles from friends. It provides peace of mind, knowing you’re covered if an accident happens. It’s also useful for people who need to maintain continuous auto insurance coverage to avoid gaps, which can raise rates. Older adults who drive infrequently but want to stay insured can benefit from this type of policy, as well.
How To Choose a Non-Owner Policy
When selecting an auto insurance policy, start by assessing your driving habits. Determine how often you drive and the level of coverage you need. Compare quotes from multiple insurance companies to find the best rate. Then, look for policies that offer additional coverages, like uninsured motorist protection, if you want extra security. Finally, read customer reviews and consider the insurer’s reputation for handling claims.
Non-owner auto insurance is an excellent option for drivers who don’t own a vehicle but still need coverage. By understanding what it is, what it covers, and who should have it, you can find the policy that fits your needs.
