Non Owners Car Insurance


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Archives for February 2012

What You May Not Know About Non-Owner Car Insurance

Think you might need non-owner car insurance but aren’t sure? If you think you are in a situation that would require having non-owner auto insurance then you probably are. The big problem is if you do need it and do not have it you won’t know until it is too late. Waiting until you have an accident and find out the hard way you should have had non-owners coverage is an expensive and frustrating mistake to make.

So how can having non-owner car insurance help you?

  • It can keep you legal – Only one state does not require drivers to carry a minimum amount of insurance to be behind the wheel legally. If you are caught driving without the proper form of auto insurance you could be looking at hefty fines and even the possibility of having to carry SR22 insurance. This is a type of an expensive insurance policy, which drivers who are considered high risk must carry. If you are caught driving without insurance you may have to get this type of coverage to be a legal driver.
  • It can keep you protected – Without insurance, you are driving illegally. What that means is that if you should be involved in a wreck even if it is not your fault, if you are not carrying the legal auto insurance you will be responsible for your own expenses.
  • It may help with a leased or financed vehicle – Having insurance for a leased or financed vehicle is one of the more important things to make sure you have in place. If you are using another person’s car that is leaded or still owned by the bank, without proper coverage the car may not be covered in the event of a wreck. This is especially true if the car is stolen or damaged to the point of being totaled out. If this happens, the car will not be covered by insurance but will still need to be paid for. You or someone will owe payments on a car but not have a car to drive.
  • It will help you avoid financial responsibility – The bottom line is that, aside from being legal, it is important to have non-owner auto insurance so you are protected in the event of an accident. Without insurance, if you are the at fault driver of a car you do not own you will have to pay for the other driver’s car repairs and medical expenses out of your own pocket. In some instances, the car could need to be replaced and that would be your financial burden. You may also have to cover prolonged hospital stays, surgeries, medications and after care like physical therapy. All of this is in addition to what you would have to cover on you end such as the expense of the car you were driving and your own medical bills. This is especially important if you do have health insurance.
  • It will prevent you from defaulting on coverage – Picture it like this: if you do not have your own car, you may think you don’t need your own insurance. So you put it off for a year until you do get a car of your own. To keep things legal you go to set up getting a policy of your own only to find out the potential premiums are sky high. Reason being? If you have a lapse of more than 30 days in auto insurance coverage you are categorized as a driver who lapsed in policy coverage. Because of this, your rates for a policy will be quite steep until you establish a predetermined amount of time to have coverage. All of that could be avoided by using non-owners car insurance to stay covered.

Who Needs Non-Owner?

You should already be seriously considering getting non-owner auto coverage if you do not already have it. If you still aren’t sure than think about this:

  • If you regularly rent a car, you should consider having a non-owners policy. Even if you usually take the insurance they offer you could be saving a great deal of money as well as be assured you have the coverage you want by getting your own non-owner policy.
  • If you regularly use a vehicle owned by a family member or friend. Even if you both assume their auto insurance policy will cover you as a driver it is better to assume that may not be the case. To prevent having any problems from this your best bet is to have your own policy. If nothing else it is better to have too much coverage than not enough.
  • If you share a vehicle with someone, again it is better to be safe than sorry. Make sure to protect yourself as a driver with this type of coverage. Having this will also ensure that the car costs are covered so that you and whoever you are sharing a car with are not left without a vehicle if something should happen.
  • To keep yourself insured at all times. Having insurance coverage even when you do not own a car helps prevent you from suffering the consequences of steep rates in the future. Don’t take a chance by not having any coverage and then finding out your rates will be astronomical when it comes time to secure your own policy.

What you should know about a non-owner auto policy is that it may not have the extensive coverage you want. Be sure to find out exactly what you want or need when it comes to your auto insurance policy and get that in place. Even if it means adding on to a basic policy, it will help prevent you from having any future problems down the road.

Want to find out just how low those rates could be? By using just your zip code you can gain access to your non-owner car insurance quotes and find out what great rates could finally get you the coverage you need.

How to Get the Best Non-Owners Auto Insurance Protection

It is not that unusual these days to drive someone else’s car or lend yours to someone to drive. The problem is if you do not have the right kind of coverage for your car, this could be a seriously expensive thing to do. Do not assume your current policy covers you as a driver of another vehicle. Also don’t make the mistake of assuming someone else driving your vehicle will be covered by your insurance or theirs without verification.

Anytime you get auto insurance coverage the rates will vary depending on several factors. Before getting you non-owners car insurance quotes you should be aware of some of these factors. By being informed you can make the best choice when it comes to rates and coverage.

Non-Owners Auto Insurance 101  Non-Owners Auto Insurance Protection

So what are some factors that could influence the cost of your policy? When it comes to having non-owners car insurance coverage, these are a few of the things you could expect to see affect the rates.

For example:

  • How much protection you want. The bottom line is that you can determine how much coverage you want or even how little you want. Obviously the less coverage you take the greater the risk you take of having to cover some expenses out of your own pocket should an accident occur. However the amount is still less out of pocket than if you lacked any non-owners coverage at all.
  • How often the vehicle will be driven by another driver. There will be rate differences for driving a car once a week or sharing a car on a daily basis. Be realistic about how often you will be using someone else’s car or letting someone else drive yours.
  • As with any type of auto coverage, your driving history has a lot to do with what you car insurance rates will be like. The better your record the lower your rates. The same holds true for anyone else who may be driving your car. Work to keep a good driving record or clean up the one you have and you will notice a change in your premiums.

Is Non-Owners Car Insurance What You Need?

Keep in mind the type of car insurance coverage included with non-owners is just your basic liability policy. What liability insurance covers is:

  • The car of another driver when you are deemed at fault in a collision. This would include repairs and possibly replacement, depending on what your minimum and maximum coverage amounts are.
  • Medical expenses of the other party involved when you are the at fault driver. This again is based on the amount of minimum and maximum coverage. If the person you injure has a prolonged hospital stay, surgery, prescriptions or physical therapy, you could still wind up with bills to pay.

Things that are not generally covered as part of your non-owners auto insurance policy include:

  • Your own vehicle repair or replacement. If the car is new or financed this could be a great deal of expense. In most cases, though, if your car is financed you will have to have more coverage than liability.
  • Your own medical bills. If you do not have health insurance, this can be a high risk to take. Consider getting better coverage for your own medical bills in case you should end up in the hospital without health insurance coverage to help you pay your bills. Trying to cover this out of pocket can leave you with a huge financial burden. In fact many people end up losing their home to foreclosure or having to declare bankruptcy following this sort of incident.
  • You may also have an accident that involves personal or public property. In most cases liability insurance will not cover this. This could be important if you hit a house or even take out a mailbox. For public property there are often heavy fees and fines and costs should you hit a light pole for instance.

In other words, you are not getting collision, comprehensive or anything more than liability, unless you specify otherwise. You should also consider having non-owners coverage if you frequently rent a car. Compare how much it costs you to add on insurance at the rental location as opposed to just having your own policy.

To make this comparison and get competitive quotes for coverage, start by entering nothing more than your zip code. By doing this you will be well on your way to getting the non-owners auto insurance rates you want right away.

North Carolina Non-Owners Insurance

For those who are using a car other than their own or letting someone use their vehicle, non-owners insurance North Carolina residents can use is important to have. In the event of an accident without the driver having coverage, the consequences can be severe. Too many drivers assume they have this type of coverage only to find out once they have an accident this isn’t the case.

Driving another person’s vehicle or letting someone drive yours without proper coverage means taking a risk. If there is a wreck, you could be paying all of the related expenses out of your own pocket, even if you are not at fault. This could mean repair or replacement costs as well as expensive medical bills.

What You Could be Paying for

Be aware before taking the risk of knowing what non-owners insurance North Carolina drivers find. Those who have driven another driver’s car or let someone drive their car and had an accident found out the hard and expensive way of what can happen. Imagine paying for:Non-Owners Insurance North Carolina Quotes

  • the damage to your car especially if you are driving a new and financed vehicle
  • repairing or replacing the other vehicle involved
  • medical expenses for yourself or others from your own pocket, which can include hospital stays, surgery, expensive prescriptions and aftercare such as physical therapy
  • damage to personal or public property in the event of striking someone’s home or a streetlamp, for example

Imagine thinking you are saving money on your auto insurance by not including non-owners insurance North Carolina drivers need. The little bit you may save per month isn’t worth it in the long run compared to the expenses you incur when paying for an accident out of your own pocket.

Who Uses This the Most?

It is very common anymore to be in a situation where you could be driving a borrowed car or lending yours to someone else. People can have car problems, and it is difficult to have the car in the shop and also still have a mode of transportation to get to work. It could be due to expenses that two people need to share a vehicle to cut down on expenses. This can help save on gas, maintenance and other car related expenses.

Of course sometimes it is just to show off a new ride. If you just got a new car, you may want your friends to be able to take it for a test drive. The problem is even a drive around the block could end up in a wreck. In order to protect yourself as a driver or the owner of a car someone else may drive, make sure you get the coverage you truly need.

To prevent pricy mistakes later, get the auto insurance coverage that protects you. To get quotes all you need is your zip code. From there you can find out about non-owners insurance North Carolina rates and get covered today.