Are you someone that doesn’t own a car?  If so, you may be wondering whether or not it is necessary for you to own car insurance.  After all, if you don’t have a car, why should you need an insurance policy to keep you protected?  The reality is that, even if you do not own a car, having an insurance policy in place may very well be a good idea.

Getting Behind the Wheel

Although you don’t actually own a car, this doesn’t mean that you never drive one.  If you live in the city and you choose to use public transportation, for example, you may still occasionally rent a vehicle in order to take longer road trips.  Or, you may borrow the car of a friend.

When you rent a car or when you drive a friend’s car, having insurance coverage in place is a good idea.  In fact, in order to rent a car, you will have to either pay for insurance coverage through the rental company or you have to provide proof that you have the proper coverage in place. Although this isn’t necessarily the case when you rent a friend’s car, having your own insurance policy will guarantee you are properly covered in an accident.

Exploring Your Options

One option you have when renting a car is to purchase insurance coverage through the rental company.  If you rent a vehicle for ten days or more per year, however, it will likely cost you less to obtain non-driver’s car insurance than it would cost you to buy coverage through the rental company. In addition, having your own policy will cover you for the entire year rather than only when you are behind the wheel of a rental vehicle.

If you never rent a vehicle and you borrow a friend’s car instead, you may think that having a non-owner’s policy isn’t necessary.  While it is true that your friend’s policy will kick in before your policy, it won’t necessarily provide you with enough coverage.  In other words, just because your friend’s car is insured, it doesn’t mean that you are free from liability.  So, if your friend’s policy pays $50,000 in damages and you caused $75,000 worth of damage, you will be liable for the remaining $25,000.  If you have non-owners insurance coverage in place, it will pay for the remaining balance and you won’t have to find a way to pay these costs.

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