Even if you don’t own a car, you could still need auto insurance. Sounds crazy, right? Not so fast! Keep reading to learn more, or call one of our friendly agents at 1-877-GO-DIRECT.
A non-owner car insurance policy provides liability coverage for drivers without cars. A typical non-owner policy will include Bodily Injury Liability and Property Damage Liability, and some insurance companies may also offer Medical Payments coverage and Uninsured/Underinsured Motorist coverage. According to the Texas Department of Insurance, a “non-owner liability policy pays for damages and injuries you cause when driving a borrowed or rented car, but it doesn’t pay for your injuries or damage to the car you are driving.”
A non-owner car insurance policy will not include Comprehensive, Collision, Rental Reimbursement, or Towing, since the policy is not attached to a specific vehicle.
If you don’t own a car but frequently use one, take a look at the circumstances below to see if a non-owner policy is right for your situation.
It is often purchased by higher risk drivers who are required to have liability insurance to reinstate or keep their driver’s license, by drivers who don’t own cars but rent frequently, or by drivers who are in-between cars and want to maintain their insurance coverage. NASDAQ.com breaks down these scenarios as examples for when a non-owner insurance policy might be applicable:
If you’re trying to reinstate your driver’s license and are required to file an SR22 or an FR44 with the state and you don’t own a car.
A non-owner policy isn’t right for you if…
Give us a call at 1-877-GO-DIRECT or visit a Direct Auto store to learn more and purchase a non-owner car insurance policy.