For everyone who owns a car in the United States of America, insurance is required. It is a necessity that you cannot afford to be without when you take yourself behind the wheel and drive down the road. Too many negative and potentially life-changing things can happen when you drive a car, that it is not worth it for you or the other driver to not have insurance and not be covered when you drive your several thousand pound vehicle around the city one day.
Just think about it – if you own a home, just like if you own a car, home insurance is a must. You want to cover your possessions and save up money in case something unfortunate happens, so that you are covered, and not put out on the street should the worst happen in life. Actually speaking, insuring the cars or homes that you own is really the only tried-and-true way that you can make sure that you, your possessions, and the people around you all stay safe and protected while you are at home or on the road, regardless of where or how much you live or drive.
But for those who rent your home, or rent an apartment, without buying anything, do you still need insurance? And similarly, for those who borrow their friend or family member’s cars without purchasing the automobile, do they still need car insurance to be covered, too? The answer is yes, yes, and yes.
Non-owner auto insurance is absolutely critical for those who drive cars, even if they do not own them – whether or not it belongs to you. Non owner motor insurance is a very specific type of insurance coverage that refers to and covers all the possible policies for people who either rent automobiles, or borrow the cars of family members or friends to drive and get places.
With the rising cost of gasoline prices in the present day, insurance companies are seeing many people who forgo the cost of automobile ownership completely, and instead choose to rely on public transportation and other facets of cheaper and more cost-effective transport to take a ride to work, school, or elsewhere. Additionally, other people participate in things like car pools and make their trips not only more environmentally conscious and efficient, but much cheaper for everyone involved.
Then, when these types of people need a car to get around, they simply borrow one from a friend or family member, or possibly even rent one from a local car rental agency, and drive around sparingly with it. That is where non owner car insurance comes in to play, then — it is ideal for those people who only drive occasionally, and do not own their own car. Non owner auto insurance coverage protects and provides the sparing driver against a variety of issues and problems.
These protections include being covered against liability, where you could possibly hurt someone else and then face financial issues and a problem with paying financial coverage. Protections also help against uninsured motorist protection, which protects you, the sparingly used car driver, against any possible uninsured or underinsured motorist who may get in an accident with you at any time. Protections also cover personal injury protection, that covers you against any financial issues you may incur should you be injured in a car accident at any point, and against medical payments coverage which is very similar to the personal injury protection and covers you against any financial hardships received while using you non owner car insurance should you get into an accident.
At this point it should be noted that, although you can buy non owner car insurance the few days a year that you choose to rent a car at a rental company, it is worth it to buy your own non owner car insurance every year even if you may only drive a few days. You are far better covered, you greatly understand the nuances of the policies and issues, and you are much better in place to successfully remain safe, and free of financial hardship, should something unfortunate happen while you are driving.
The question, then, is what this non owner motor insurance ends up costing you on a yearly basis. Well, depending on your driving record, and other underwriting rules and regulations set by your insurance company, non owner car insurance typically costs somewhere in the ballpark of $250 to $500 per year, usually paid on a monthly basis. It is relatively cheap to purchase non owner car insurance, and more importantly, it is a very, very significant investment if you are somebody who does not own your own car, and yet wishes to occasionally drive those of others to get from point A to point B. It is certainly something you cannot be without!