Non Owner Car Insurance – Everything You Need to Know
If you’re looking for non owner car insurance quotes, you’ve come to the right place. In this article – we’re going to have a look at why you might need car insurance even if you don’t own a car (or for a car you don’t own), along with how to find the right deal for you.
Why might you need non owner auto insurance?
You might think you only need car insurance if you own or are being insured on a specific car – but that isn’t necessarily the case. Non owner car insurance makes sure you’re covered if you regularly use another car (that you don’t own).
Non owner car insurance could be right for you if you rent cars quite often. Having your own policy could be cheaper than paying for the rental firm’s liability coverage each time. Non owner auto insurance is also good for those who borrow another person’s car often. Car sharing services could also require you to have your own excess coverage.
If you’ve been convicted of a driving offence and need to get your licence reinstated but you don’t own a car – you might also need non owner insurance.
When you probably don’t need non owner car insurance
If you have your own car and really don’t use another very often (or at all) – non owner car insurance probably isn’t for you. Even if it’s not your actual car – if you use it regularly you’re probably already listed on the policy (like if it’s owned by a spouse).
How much could a non owner policy cost?
You might think such a specific additional insurance policy is going to be expensive – but that’s really not the case. Actually, non owner car insurance is normally cheaper than regular car insurance policies – and that’s because you don’t have regular access to a car.
Even if you borrow cars fairly often – it’s still likely that you use that car far less often than if you owned it. That’s why these policies are normally cheaper.
What are the main benefits and drawbacks of non owner car insurance?
Firstly, you can save a lot of money if you rent cars regularly. Many renters simply sign the form for the rental company’s own temporary auto insurance – but this can be expensive. If you’ve got your own policy – you could save in the long-run.
People who live in urban environments who don’t own their own car but occasionally borrow one from friends or family are another key group that could benefit from non owner car insurance. If you can commute to work without a car but still need one for the occasional weekend trip – you might find a non owner policy right for you.
A non owner policy also gives good peace of mind when you borrow a car. At least you know that you’ll be covered if you cause any damage to the car so it should set your mind at ease.
There are also a few drawbacks of non owner auto insurance policies. Firstly, they don’t always cover costs of damage to the car you’re driving, only the liability incurred from a car you collide with.This is similar to no deposit car insurance. a These policies also don’t cover company cars or other work related vehicles – only completely non owned cars.
What else can affect your car insurance cost?
There are a wide range of factors that influence car insurance costs in general. Your driving history will play a big role in determining how cheap your policy will be. If you’ve made a lot of claims or had a number of accidents – you will obviously have to pay more for your insurance policy – non owner or not.
Since you’re not actually insuring a particular car, you might avoid the costs associated with insuring a more expensive vehicle. Normal insurance policies for cars will vary greatly depending on how big, fast and new the car in question is. But this policy doesn’t list a particular car, meaning you should still be covered even if you’re borrowing a brand-new sportscar.
Even though you don’t own the car, where you live could also affect the cost of your non owner car insurance policy. For more information on how insurance is calculated we recommend reading our article on: Who has the cheapest auto insurance?
How to find the cheapest non owner car insurance quotes
Finding the right non owner car insurance quote has never been easier. What once used to take days of research can now be done in a matter of seconds. Simply use the useful tools on this website to give you a list of competitive quotes that are suited to you.