If you do not own a car, then you might think that auto insurance is unnecessary for you. However, this isn’t necessarily the case. There are many situations in which having some type of auto coverage can come in handy. This is where non-owners car insurance comes into play. Here’s what you need to know about this special type of car coverage.
Non-owners car insurance offers liability coverage when you are driving a vehicle that is not yours. Liability coverage will pay for third-party injuries and damages that you may cause during an accident.
Because non-owners policies only offer liability coverage, you will not have coverage for the injuries that you or your passengers sustain during an accident. Additionally, you will not have any coverage to pay for damages to the car you are driving.
It’s also important to note that non-owners car insurance will not offer adequate coverage if you are borrowing a car from someone who lives in your home. For instance, if you live at home and you borrow your parents’ cars, then they should add you to their existing policy.
Because non-owners car insurance only offers liability coverage, these policies are less expensive than standard auto policies. However, if you secure non-owners insurance to meet your SR-44 or FR-44 requirements, then your rates will be higher than other policyholders’.
This is what you need to know about non-owners car insurance. Do you have additional questions about this special form of auto coverage? If so, then contact the experts at Phocus Insurance in Phoenix, Arizona. We are ready to assist you with all your car coverage needs today.
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