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

You don't have a car. So, why would you get a car insurance policy? This is such a brilliant question! An auto insurance policy is a smart even if you do not have a car if you fall into any of the situations I will talk about later in this article.

Since you live in a big cities with more efficient mass transit networks, you may not really need to have a car for your daily routine. Car rental services are always ready to take care of those times you may need a car for private use.

Along with providing you with vehicles for the period you need to use a private car, these rental companies also sell car insurance policies that cover you throughout that period. However, depending on how often you have to hire a vehicle, you may be better off with a non-owner car insurance policy.

If your friends and family members know that you have an auto insurance policy they'll be more likely to release their car to you than otherwise. Look at it from the vehicle owner's perspective: It shows a level of responsibility. And, people are a lot more relaxed dealing with responsible people.

Hold on. A non-owner auto insurance policy works within a certain rule. Your non-owner's policy cannot override the car owners policy. However, if the vehicle owner's policy cannot cover the damage due to its liability limit, your non-owner policy will take care of the balance. I think an example will help you understand better...

Letus say that a damage of twenty seven thousand dollars is caused by you in a crash. If the car owner's liability limit is $30,000, your insurance won't be touched. However, if in the same case, the owners liability limit is fifteen thousand dollars, your insurance will take care of the balance.

Now, if you are about to buy any form of auto insurance policy, you need to take advantage of disparities in rates by various companies. It is very ethical and lawful and can save you up to $1000...

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