If you’ve never heard of non owner car insurance before, you’re not alone. Many consumers aren’t aware of what it is or what it’s for. If you’re a consumer that regularly utilizes the services of rental cars, it’s definitely worth looking into. Here’s a brief overview of non owners auto insurance as it pertains to travelers.
Accidents Happen, Even on Vacation
The last thing you’re thinking about when you get behind the wheel of a rental car is getting in an accident. Still, it’s a possibility every traveler should prepare for. One of the best ways of doing this is by obtaining non owner auto insurance.
Non owner car insurance is a type of insurance policy for people who don’t own their own cars, but do drive other people’s cars; namely rental cars. It will cover damage to the other car, but not any damage to your rental car. It’s better to get this insurance coverage through a policy that’s in your name rather than pay the daily fee charged through the rental company. So what are the benefits of non owner auto insurance coverage to travelers?
Benefits of Non-Owner Auto Insurance When Travelling
For starters, if you travel a lot, it’s a great way to have peace of mind knowing that you’ve got coverage that will cover “the other guy”. Additionally, it’s not very expensive, and it’s worth every penny.
If you travel often, it’s one of the best and easiest ways to ensure that you’ve got any financial obligations that may arise from an auto accident, covered. Even if you only travel randomly and scarcely, this is coverage you should give serious consideration to.
As previously stated, for those travelers who find themselves behind the wheel of a rental car often, taking out your own private policy is probably cheaper no matter how you crunch the numbers. For those once-in-a-while travelers, coverage through the rental car agency may be a better option.
With regard to damage sustained to the rental car you are driving, you should see if the company for the credit card you used to pay for the rental car has a collision benefit; many do. Knowing this before you walk up to the counter can save you money by not having to take out insurance through the rental agency. If the credit card company doesn’t have a collision coverage benefit, taking out insurance through the rental car agency may be worth it.
At the end of the day, making sure that you have enough car insurance coverage could wind up saving you thousands of dollars, and in some cases, even more. One way to be sure that you’ve got proper coverage is to take out non owner car insurance. It’s an option that should not be overlooked
