Many drivers may think it is impossible to get car insurance without a car. However, they should consider a few things before spending money on coverage that doesn't cover their vehicles. Non owner car insurance is commonly used by high-risk individuals who need to purchase liability coverage to protect a driver's license. A non owner policy will normally cost less than an owner coverage.
The average cost of a non-owner policy is roughly $474 annually. That's about as much as your monthly car insurance costs. There are several companies that specialize in providing non owner car insurance. To find the lowest prices, it is recommended that you contact at least two of these companies to see if they can offer you any better rates.
One of the advantages of purchasing a non-owner car insurance policy is that you can drive around town without worrying about having to cover your car in case something happens while you are not at home. For example, if you were working and got into an accident while on your break at work, you would still be covered by your employer's insurance. However, since you are driving your own vehicle, you wouldn't be covered by their insurance coverage. This is why you should purchase an insurance policy that will allow you to take your vehicle to the shop if an accident occurs while you are not there.
Another advantage of purchasing non-owner coverage is the added peace of mind that you can feel knowing that you aren't responsible for paying for someone else's medical bills. When you are driving a vehicle, there is always the chance that you may not be able to pay for the expenses of others. A good non owner car insurance policy will provide coverage to those expenses that you may not be covered for in your coverage.
Even though the cost of non-owner coverage is higher than most people realize, you will be saving money because you don't have to pay insurance on the vehicle each month. Some insurance providers will even offer discounts on your premium if you are a low risk driver. There are many other ways to save on insurance costs, but knowing where you can save on your car insurance without a car will help you make the best decision possible.
If you are interested in insurance for your vehicle, it may be a good idea to get several quotes from different insurance providers. This way, you can compare all of them to see which one is the most cost effective for your situation. Remember, however, that not all policies are the same and each one has its own requirements, such as a good driving record, a clean driving record, and a clean driving history, among other things. With so many options available, you may want to make sure that you compare at least three or four policies before making your final decision.