Non Owner Auto Insurance
Reader’s Question:
I am going to attend a 3 month summit and I am probably going to rent a car. Do I have to have car insurance even though I am not going to use my own car?
Karen
Albany, NY
Yes, you still have to. As long as you are going to drive a vehicle, it’s an obligation to have it insured. You have two options on acquiring vehicle insurance for your rented car. Its either you purchase it over the counter from your preferred rental company or you can apply for non owner auto insurance.
However, the vehicle insurance from your rental company will be temporary and will require you to pay car insurance every time rent. That would cost you more based on your situation. You would be able to save money if you go for the non owner auto insurance and it will work perfectly for you.
Think of it as having liability coverage even though you don’t own a car. But it works something like these, let’s say you got involved in a car accident and the damage you have done costs $50,000, if the liability limit of owners car is only $40,000, your non owner insurance policy will cover the remaining balance which is $10,000. However, your non owner auto insurance policy will not put into work if the damage is less than the car owners liability limit.
Purchasing a non owner auto insurance is easy as acquiring personal car coverage. It is also purchasable via the internet and acquiring quote will take you less than 15 minutes.