Non-owners auto insurance is for people who rent or borrow cars. Every car owner makes it a point to avail some kind of auto insurance or surety to ensure that both the vehicle and the driver are provided in the event of an auto mishap or theft. It makes sense, therefore, to have a non-owners auto insurance to ensure the same kind of safety and precaution when you are travelling in a car that is rented or borrowed. You will find that the non-owners policy does not cover as broad a spectrum of causes as a regular auto insurance policy. Yet, one must possess it to protect himself in case there is a mishap when he is driving a rented or borrowed car.
However, you still stand to get a lot of benefits from a non-owners policy. You will usually be covered for personal injury protection (PIP), medical coverage, liability coverage, and protection against drivers who are under insured or uninsured. Moreover, the rates and premiums of a non-owners auto insurance is quite less compared to regular auto coverage policies, because you do not own the car.
Generally, it is seen that cars available for rent are not covered as adequately as one would wish for. Once you pick the rental company, enquire about the specific vehicle’s coverage and then procure the right type of non-owners auto insurance to keep you covered for any untoward occurrence. The coverage on the borrower’s won car will not be applicable for mishaps caused in the rental car, when he is travelling in it. This is the most significant reason for procuring non-owners auto insurance.
Sometimes, rental companies also offer non-owners auto insurance. However this becomes null and void when you no longer rent an automobile from the same rental agency. It is much better for you to look for non-owners auto insurance from a standard auto insurance company. Automobile sharing clubs have caught the imagination of the country because they contribute wholesomely to conservation of fuel. Members of the club can avoid buying their own vehicle and would need to drive maybe once or twice a week. Members of this club would therefore avail the non-owners auto insurance to provide coverage for themselves and the automobiles that belong to the club.
The surety policy for non-owners auto insurance varies from one state to another in the US and if you are about to procure this coverage you have to look carefully into the required parameters for being eligible for the same, specific for the state you reside in.
A third reason you may need non-owners insurance is when you are driving your company car. As you may not know exactly the type of car insurance the company has availed, you should be covered with the non-owners policy for your protection and to safeguard the company vehicle. Just like other types of auto insurance, the non-owners auto insurance quotes are easily available online for your convenience and choice. You will be able to get the quote that is suited to your requirements. For instance, you will need a wider coverage if you drive a car you borrow quite regularly and a minimum coverage if you drive it sporadically. The surety policy that you chose must be able to help compensate for heavy financial expenses in case of a mishap.