Non-owner car insurance is a type of coverage you can purchase if you do not own a car, and while this coverage is important to have, you should realize that it is not the same coverage as regular car insurance. If you own a car and buy regular car insurance, it will cover things that are not covered with non-owner insurance, and here are several differences to be aware of with these two types of policies.
The first key difference between non-owner insurance and regular insurance is that you own a car with regular insurance but you do not with non-owner. When you own a car, you can purchase a regular auto insurance policy. If you do not own a car, you cannot have a regular policy. To get a regular policy, you must be able to provide details about the car you own, as the company is really insuring your car. The features of your car will affect the rates you pay, such as the age of the car and the value of it. With a non-owner policy, the things that affect your rates are your personal information, such as your age and gender, along with your driving record.
Reasons for getting coverage
People purchase regular auto insurance policies to protect their cars. When you buy a non-owner policy, you are doing it for different reasons. Some people will do this to avoid having a lapse in coverage while they are in-between vehicles. Other people do this because they borrow cars that belong to other people, and they want to offer protection and safety to the people that loan them their cars.
The coverage offered
If you purchase a regular auto insurance policy, you can purchase protection for liability, collision, and comprehensive coverage. These three coverage protect you in pretty much every way possible. When you have non-owner coverage, it only provides liability protection. It does not offer any other type of coverage, and this is important to know before you buy a policy. What this means is that your non-owner policy will cover damages to other cars if you are at-fault for a collision, but it would not cover any of the damages to the car you are driving.
These are three of the main differences with non-owner car insurance and regular car insurance. If you have the need for any type of car insurance, contact an agency for a quote on available auto insurance plans.