You do not need car insurance if you have a driver’s license but don’t own a car.
However, there are some situations in which you may want to consider getting car insurance that is specifically for non-car owners.
Non-car owner insurance can be helpful in providing you with the coverage you need. Whether you’re borrowing from friends, family, or otherwise, having your own liability coverage can make you a more reliable borrower.
Frequent travelers should consider getting their own insurance. Even though rental car companies offer their own damage waivers and insurance options, having non-car owner insurance can keep you more securely covered.
If you continuously hold a policy with an auto insurer, you can benefit from having lower rates than if you stopped your insurance and started it again later.
If you have been convicted of DUI or another serious traffic offense, state laws may require you to meet requirements before you can get your driver’s license back. One of the requirements is proof that you have purchased car insurance. Non-car owner insurance is a way to show you have car insurance if you do not own a car.
Non-owner car insurance typically costs between $200 and $500 annually. Prices can vary depending on how many add-ons you want and what state you are in, since non-owner car insurance usually offers the minimum required coverage.
Non-owner car insurance may be a good car insurance choice for you if you drive regularly but do not own a car. A typical non-owner car insurance policy includes liability coverage for bodily injury and property damage. If you’re found liable for damages or injuries in a car accident, this kind of insurance can cover you financially.
If you want more information on how to get car insurance, you can contact our experts at Worth Insurance for help.