Do I Need Insurance If I Don’t Own a Vehicle?

At first, asking yourself whether you need car insurance if you don’t own a vehicle might seem odd. However, it makes perfect sense when you consider the fact that even if you don’t own a car, you might still drive one. Such is the case in many families, especially if you plan on going on a road trip. So to answer the question: yes, in many cases, you need insurance even if you don’t own a vehicle.

What Is Nonowner Car Insurance?

Nonowner insurance is a form of auto insurance that provides coverage if you’re driving a car you don’t own. You’ll only need this form of coverage if you’re driving a car other than your own at the time of an accident. As such, many people think of it as a backup insurance.

What Does Nonowner Car Insurance Cover?

Every nonowner car insurance policy comes with the minimum coverage amount for the state in which the policy was purchased. If you choose, you can increase the coverage amount. This may be necessary if you plan on driving a nicer car and want more protection. Furthermore, if you’re planning to cross state lines while driving, it may be best to research the minimum coverage required in both states.

You also have the option to include medical payment coverage. This will cover medical and other associated costs if you’re injured while driving. Some policies may even cover towing services.

Who Needs Nonowner Car Insurance?

So who needs nonowner car insurance? Here are some of the more common reasons why you might want to purchase coverage even if you don’t own a car:

  • You rent or borrow cars often.
  • You want to maintain your record of coverage between cars.
  • You frequently drive a car that’s not in your name.

We hope this article has helped you answer whether you need insurance if you don’t own a vehicle. If you’re in the market for cheap nonowner’s auto insurance, reach out to Serenity Group today for an amazing quote and even better service.