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

Why should anyone who does not have a car even bother about owning a auto insurance policy? This is such a brilliant question! An auto insurance policy is good though you may not have a car if you fall into any of the situations I will discuss shortly in this article.

Since you live in an advanced cities with highly efficient mass transit systems, you may not really need to own a car for your daily routine. You can visit a car rental service whenever you want to go for a picnic or vacation.

These rental companies sell insurance if you want to cover your rent period. A non-owner car insurance policy is, however, more affordable for you on the long run if you rent cars regularly. You will not have to be buying short term insurance covers from rental companies.

Another reason will become apparent if you want to borrow a vehicle. Everybody will feel more comfortable lending you their vehicle if they know you're so thoughtful as to even buy a auto insurance policy. Look at it from the vehicle owner's perspective: It shows a level of responsibility. And, people are a lot more relaxed dealing with thoughtful people.

Hold on. A non-owner car insurance policy works within a certain rule. If an accident happens, your non-owner's policy cannot take precedence over the auto owner's policy. It kicks in only if the auto owner's policy's liability limit cannot take care of the damages caused. To understand these better...

Let's say you had an accident with a borrowed vehicle that resulted in damages that sumed to twenty seven thousand dollars. Your non-owner's policy will not be touched if the auto owner's liability limit is $30,000. This won't be the case if his/her liability limit were to be half the money. In such case your non-owner's policy will come into effect to cover the deficit.

It is good that you know that irrespective of the type of policy you intend to buy, you can make massive savings by capitalizing on the disparity in auto insurance rates. It's very ethical and lawful and can save you around $1000...

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