Did you know that by carrying no car insurance for a time period, even if you don’t currently own a car, it can cause your rates to go up when it is time to buy a policy again? The fact is most people have never even heard of non-owner car insurance, yet it can be a lifesaver.
Even if you don’t own a car you may very well still need your own auto insurance. The non-owner car insurance policy was created for people who don’t own yet may borrow or rent a vehicle. You need liability insurance if you are involved in an accident that causes injury to another person or damages another car or truck.
Primary reasons to consider this type of insurance include:
If you borrow other peoples cars: Non-owners insurance supplements the owner’s coverage if limits are exceeded. If you are driving and the owner doesn’t have adequate insurance the injured party could potentially sue you for the remainder. This policy helps protect you and the owner of the car.
You believe you may own another car in the future: Having a continuous policy in place keeps your rates from going up later for non coverage periods.
You rent cars: non owners insurance is cheaper than at the counter rental company insurance. If you rent frequently it can save you big time.
You were convicted of a DUI: If you get a DUI you have to file an SR-22 form to get your license reinstated. The state mandates that you have to have car insurance. This type of policy suffices and is less expensive if you need your license back but don’t yet have a car of your own.
Non Car Owners Insurance Covers more than just damage. It also covers medical for yourself as well as uninsured motorist coverage. If you were involved in an accident your medical bills would go against this policy rather than having to pay out of pocket or going against your health insurance which may have a high deductible to meet yearly.
Interested in finding out more about a non owner car policy or getting a free no obligation quote? Give Centennial Insurance Services a call today at (239) 247-5125. Visit us online at www.cisinsfl.com.