The Basics Of Non-Owner Car Insurance

When you own a car, you probably know that you need auto insurance if you want to drive it. What happens, though, when you do not own a car? Do you need car insurance? Can you even buy car insurance without a vehicle? You can buy auto insurance if you do not own a vehicle, and it is called non-owner car insurance. Here are some basic facts about this type of auto insurance if you would like to learn more about it.

How to Qualify for It

The first thing to understand is that you cannot buy a non-owner plan if you have a vehicle that you own and want to drive. Non-owner auto insurance is only for drivers who do not own vehicles. If you do not own a car, you can buy a non-owner plan, and you can also buy one if you need SR-22 insurance coverage. SR-22 is a high-risk form of auto insurance that you might need to keep your driver's license. If you own a car and need it, you will need a traditional SR-22 insurance plan. If you do not own a car, you can purchase an SR-22 non-owner plan.

What It Covers

A non-owner auto insurance plan does not provide a lot of coverage to you, but it provides the essential amount and type. The type of coverage it offers is liability protection. If you borrow someone's car and wreck it, your non-owner policy would pay for the damages you cause to other people. That is the only thing it covers, but that is probably one of the most important things to have coverage for if you want to borrow a car at some point.

Why You Might Want to Buy It

You might wonder why someone would want a non-owner policy, and there are a few reasons. The main reason is to prevent having a lapse in auto insurance coverage. When you do not have auto insurance, you experience a lapse. When you decide to buy a policy in the future after a lapse, you might have trouble finding a company that will offer it to you. You might also have trouble finding affordable rates, as most insurance companies view lapses with a higher risk level.

The costs for a non-owner car insurance plan vary, but they typically cost less than other types of auto insurance coverage. If you would like to request a free quote or ask questions about non-owner car insurance, contact an insurance company today.