Non Owner Car Insurance

Reader’s Question:

I always borrow my roommates car and if its not available, renting a car is my other option. Is there a kind of auto-insurance that will protect me in case I get into a accident? How does it work?

Kenneth

Pittsburgh, PA

Yes there is a kind of auto insurance that can protect you and it’s called the non owner car insurance. This is not yet a requirement by any state, but if you want to prove to your roommate that you are a responsible driver, purchase one of these and surely he will be happy that you did.

Non owner car insurance is also perfect for people who rents car or people who drives company cars. In most cases, you can save money by having this kind of auto insurance rather than paying insurance cost every time you rent a vehicle. On the case of people who drives company cars, most company doesn’t tell their employee what kind of auto insurance coverage they are having when they drive the company car thus having this kind of coverage is an advantage.

Non owner car insurance works by protecting your assets and specially you. It basically works like this; assume that you are driving someone else’s vehicle and then you got involve in a car accident. The insurance policy of that someone else’s vehicle will take care of the cost of the damage. If that someone else’s car insurance company or the car owner decides to sue you into a legal battle, your non owner car insurance will pay for any expense through out the whole case. Take note also that medical expense will also be handled by your car insurance company.