What is non-owner car insurance and who needs it?
If you don't own a car, then you might assume that you don't need auto insurance in Los Angeles, California
. However, all drivers should have some form of coverage. While you don't need a standard auto policy, you should consider securing non-owner car insurance. Here's what you need to know about this specialty coverage option.
What does it cover?
Non-owner car insurance offers liability coverage to help you cover the cost of the third-party injuries, damages, or other losses that you may be held responsible for. Keep in mind that this type of insurance does not offer coverage for the car that you are operating at the time of the accident.
Who needs this type of coverage?
Non-owner car insurance is well suited for drivers who often borrow or rent cars to get around. For instance, here are some of the motorists that should seriously consider non-owner car insurance:
- Individuals who rent cars frequently- While there are specific policies for rental cars, non-owner auto insurance is a more affordable option for drivers who rent cars on a regular basis. Keep in mind that non-owner insurance only offers liability coverage; so, you may need to purchase insurance for the car's damage from the actual rental company.
- Individuals who use car-sharing services- If you use car-sharing services (such as Zipcar), then non-owner car insurance will supplement the liability coverage that the service offers. This will ensure that you are totally covered in the event that you get into an accident.
- Individuals who borrow others' cars- If you rely on your friends' and family members' cars to get around, then their insurance will cover you in the event of an accident. However, if the cost of the accident exceeds their policy's coverage limits, then your non-owner auto insurance will ensure that your loved ones do not have to cover the remaining cost of the claim all on their own.
- Individuals who want to maintain continuous coverage- If you temporarily lose or are without a standard auto insurance policy, then getting a non-owner policy will make you look less risky to insurers. This will allow you to access lower rates when you do shop around for a new policy.
This is what you need to know about non-owner car insurance. Interested in learning more about the different types of auto insurance in Los Angeles, California
? If so, then contact the experts at Fuller Insurance Agency in Southern California. We are ready to assist you with all your car coverage needs today.