Should You Consider a Non-Owner Auto Policy When You’re Without a Vehicle?

If you find yourself in the midst of a transition—such as preparing for a move and selling your cars—you might be wondering about your insurance needs during this period of vehicle absence. Specifically, is it wise to invest in a non-owner auto insurance policy if you temporarily don’t own a car?

Understanding Non-Owner Auto Insurance

Non-owner auto insurance is designed for individuals who do not currently own a vehicle but may still occasionally drive one. This type of policy provides liability coverage in case you find yourself behind the wheel of a rental vehicle or a friend’s car.

The Importance of Continuous Coverage

One common concern is the concept of a coverage lapse. Many insurance experts argue that a break in your auto insurance history could potentially lead to higher rates when you decide to reinsure in the future. Even if you are without a vehicle for a while, maintaining a continuous coverage history might save you money in the long run.

Consider Your Driving Habits

While you may not plan to drive during this transitional period, life can be unpredictable. Renting a car or borrowing a vehicle from a friend can happen unexpectedly, and having an insurance policy in place will ensure that you are adequately protected in those situations.

Is Non-Owner Insurance Right for You?

Ultimately, the decision to obtain a non-owner auto policy rather than risk a lapse in coverage boils down to your specific circumstances. If you foresee any possibility of needing to drive, it may be worth considering a non-owner insurance policy. This way, you safeguard your insurance record while having peace of mind.

In summary, while you may not currently own a car, exploring a non-owner auto policy could be a prudent choice that offers both financial protection and continuity in insurance coverage. Always consult with an insurance professional to evaluate your unique situation and make the best decision for your future needs.