Auto Insurance -- But I Don't Own A Car

A auto insurance policy for non vehicle owners? What for? Nice question! Having a car insurance policy without having a car would be a brilliant decision in most situations to be discussed shortly.

Since you live in an advanced cities with more competent mass transit networks, you may not really need to own a vehicle for your daily movement. You can easily go to a car rental service whenever you want to go for a picnic or vacation.

Along with providing you with cars for the period you want to use a private car, these rental companies also sell auto insurance policies that cover you throughout that period. This may not really amount to so much if you rent a vehicle once in a long while. The opposite is the case if you rent a car often making it more expensive than getting a non-owner auto insurance policy.

Another reason will become apparent if you intend to borrow a vehicle. People will feel more comfortable lending you their vehicle if they know you are so thoughtful as to even buy a auto insurance policy. Look at it from the car owner's opinion: It displays a level of responsibility. If you show that you're very responsible, people prefer to work with you.

Before you run with the wrong impression, let me clarify a something about a non-owner auto insurance policy. The vehicleauto owner's policy still takes precedence over your non-owner's policy in any occurence of an accident. This policy functions if the car owner's policy cannot take care of the damages caused. As an example...

Letus say you had an accident with a borrowed car that resulted in damages that sumed to $27,000. Your non-owner's policy will not be touched if the vehicle owner's liability limit is $30,000. This will not be the case if his/her liability limit were to be half the amount. In such case your non-owner's policy will come into effect to take care of the deficit.

It is good that you know that irrespective of the kind of policy you intend to buy, you can get massive savings by capitalizing on the disparity in auto insurance premiums. This can save you several hundred dollars. Moreover, it is very ethical -- No fake deals here...

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