Auto insurance is a necessary expense for anyone who owns a car. But what if you don’t own a car? Can you still get auto insurance? The answer is yes. In fact, having auto insurance even if you don’t have a car can be a smart financial move. Here’s what you need to know about auto insurance without a car and how to get the best rates online.
Why Get Auto Insurance Without a Car?
Even if you don’t own a car, there are several reasons why you might want to get auto insurance:
- You may rent cars frequently and want to avoid paying high rental car insurance fees.
- You may borrow cars from friends or family members and want to be covered in case of an accident.
- You may be required to have auto insurance as part of a non-owner SR-22 filing, which is required for drivers who have had their license suspended or revoked.
What is Non-Owner Auto Insurance?
Non-owner auto insurance is a type of insurance policy that provides liability coverage for drivers who do not own a car. This type of policy typically covers damage to other people’s property and bodily injury to others in the event of an accident that you are responsible for. Non-owner auto insurance does not cover damage to the car you are driving or any injuries you sustain in an accident.
How to Get Non-Owner Auto Insurance Online
The easiest and most convenient way to get non-owner auto insurance is to shop online. Here are the steps to follow:
- Research insurance companies that offer non-owner auto insurance policies.
- Compare rates and coverage options from several companies to find the best policy for your needs.
- Fill out an online application for the policy you choose.
- Provide any necessary documentation, such as a driver’s license or proof of insurance history.
- Pay the premium for your policy.
Factors That Affect Non-Owner Auto Insurance Rates
Several factors can affect the rates you will pay for non-owner auto insurance, including:
- Your driving record
- Your age and gender
- Your location
- The amount of liability coverage you choose
- The deductible you choose
Tips for Getting the Best Rates
Here are some tips for getting the best rates on non-owner auto insurance:
- Shop around and compare rates from several insurance companies.
- Choose a higher deductible to lower your premium.
- Maintain a clean driving record to qualify for lower rates.
- Take a defensive driving course to qualify for a discount.
- Bundle your non-owner auto insurance with other types of insurance, such as renter’s insurance or homeowner’s insurance, to qualify for a multi-policy discount.
The Bottom Line
Auto insurance without a car is possible and can be a smart financial move if you frequently rent cars or borrow them from friends or family members. Non-owner auto insurance provides liability coverage in case of an accident that you are responsible for. By shopping around and comparing rates from several insurance companies, you can get the best rates on non-owner auto insurance and save money in the long run.
So, if you are someone who doesn’t own a car but needs to drive one on a regular basis, make sure you have non-owner auto insurance to protect yourself and others in case of an accident. And don’t forget to follow the tips above to get the best rates online.