Dallas Non-Owner's Insurance
Defining Non-Owner Car Insurance
Non-owner auto insurance is a liability only policy for a person who drives a car but doesn't actually own it. Here are some situations you might want a non-owner auto policy:
You are renting or borrowing a vehicle
Your license is suspended and you are trying to get it reinstated
You are required to carry and SR-22 and do not own a car
Non-owner insurance is normally cheaper than a normal liability auto insurance policy. The risk the insurance company takes is much so that savings is passed onto the customer. A Non-owner insurance policy does not cover personal medical bills or vehicle in case you have an accident.
Explaining What Non-Owners Insurance Covers
One popular reason to purchase a non-owner policy is if if you do not currently own a car. Non-owner insurance covers the liability portion only. It will not cover comprehensive and collision coverage for your automobile. Insurance companies feel they do not know which vehicle the insured is driving so they do not want the risk of offering comprehensive and collision coverage. The cost of repairing or replacing a vehicle can be different depending on its year, make, and model.
Non-Owner Insurance And Its Relation To SR-22 Insurance
An SR-22 is an automobile liability only auto insurance policy document required by the DMV for an insured who is considered a high risk driver. Some of the most common reasons that cause an SR-22 situation are DUI's or suspended licenses. SR-22 is not a true insurance coverage.
What Coverages Am I Allowed To Add To My Non-Owners Policy?
Since you are not able to add comprehensive or collision coverage, in addition to this you may not add Rental Car Reimbursement or Roadside either. But here are some coverages you are able to add to your non owner policy:
How Much Should Non-Owner Auto Insurance In Texas Cost?
Texas Non-owner auto insurance monthly costs are less than a regular Liability only policy. But rates will vary based on your driving record. If you are a higher risk driver with major tickets like a DUI or Driving While Suspended, then your cost may be quite a bit higher. When you call an auto insurance company and request a non-owner quote, that can be a very efficient way of lowering you monthly cost.
Do All Insurance Companies Offer Non-Owner Insurance?
No, not all auto insurance companies offer non owner insurance. Below are three auto insurance carriers that offer non-owner insurance.
How do I get a non owner car insurance quote?
Contact a local Independent Auto Insurance Broker and they can provide you with a free quote for a non owner insurance policy. A non owner insurance policy is normally cheaper than a standard auto insurance policy with a vehicle on it.
What does a non owners policy cover?
It covers a person for liability only coverage when they do not own a vehicle or that vehicle is inoperable. It can help you stay legal if driving a vehicle that doesn’t have insurance that you do not own. It is also commonly used for a person who is trying to get their license reinstated and doesn’t own a car. The non owner policy will suffice for the DMV to get your license reinstated.
What is the best way to find a non owners car insurance policy?
Many local “non standard” auto insurance agencies sell non owner insurance. Also online quote comparison sites can provide you with a non-owners quote. Word of mouth is another good way to find non owners coverage, if you know someone who has had a non-owner policy, ask who they used for theirs. To get a non-owners quote click here!
How does non owners insurance work in Dallas, Texas?
Non Owners insurance can often be a confusing policy. On many of the policies in Texas, companies will add an exclusion of coverage if the vehicle is driven on a regular basis for a long period of time.
According to the Texas Department of Insurance, a "non-owner liability policy pays for damages and injuries you cause when driving a borrowed or rented car, but it doesn't pay for your injuries or damage to the car you are driving." Many customers use this coverage to simply get their license reinstated.
If you drive a vehicle on a regular basis and own the vehicle, it is best to actually insure that vehicle (rather than to purchase a non-owners insurance policy). Many times, Non-Owners Insurance is cheaper than a normal auto policy. That said, coverage is much more limited.
One of the things we do here at Cheapest Auto Insurance is help explain all your coverages so everyone can understand them. Feel free to give us a call at (214) 760-4883 or visit our local Dallas office to discuss a Non Owners Insurance Policy or any other questions you might have regarding auto insurance.