I don’t have a car of my own; I rely on public transportation. However, I sometimes borrow or rent a car for various trips. Should I have some sort of an auto insurance policy?

Yes. With the increasing growth of fuel, insurance and automobiles, more and more people are choosing public transportation instead of purchasing a car.

However, when it comes to taking trips to the city, borrowing a car is sometimes a necessity. In this case, it is an excellent idea to have an automobile insurance policy – even if you do not own a car of your own.

A number of insurance companies offer a policy known as a “non-owners policy” for people who drive only on occasions and don’t own a car.

These types of policies include medical payments, liability ad uninsured motorists coverage. These policies do not include collision, towing reimbursement, rental reimbursement or comprehensive coverage.

Car rental companies do offer limited coverage and you will receive approximately the same coverage as in an official “non-owners policy”.

If you rent a car for more than 10 days per year, a nonowners policy is usually more efficient.

A nonowners policy will usually cost from $300 to $500 per year, depending on the same factors that car insurance companies use to determine car insurance policies.

These factors include age, where you live, driving record, credit history, etc…

Another advantage of purchasing a nonowners policy is that you will have coverage for any car you drive, not just rental cars.

If, for example, you borrow a car from a relative then your friend’s insurance will be the primary coverage.

If the accident with your friend’s car was your fault and the damage to that car, then your policy will probably cover most of the damage.

Nonowners policies are not rare types of policies and are found practically in every car insurance company. Ask your friends and let them recommend their car insurance companies. This way, you will at least know who to call.