Should You Consider a Non-Owner Auto Insurance Policy When You Don’t Own a Vehicle?
If you’re planning to move and sell your vehicles in the near future, you might be wondering about your auto insurance needs during this transition period. Many people find themselves in a similar situation—without a car but still questioning whether they should maintain some form of coverage.
The concern often arises around the implications of lapsing car insurance. Some individuals believe that if they stop their coverage altogether, it could lead to complications down the line when they decide to insure a vehicle again. This is a valid point; maintaining continuous coverage generally helps to avoid higher premiums when it’s time to get back on the road.
So, is it advisable to invest in a non-owner auto insurance policy, even when you currently don’t possess a vehicle? The short answer is yes, especially if you anticipate needing to drive occasionally, whether that be a rental car or borrowing a friend’s vehicle.
A non-owner policy provides liability coverage, which can protect you in the event of an accident while driving a car you don’t own. This can be beneficial if you’re simply borrowing a vehicle or renting one for a short time. While you may not have immediate plans to drive, life can be unpredictable, and having that peace of mind could save you from potential headaches later on.
In summary, if you’re in a situation where you will be without a vehicle for a while but foresee the possibility of needing to drive, considering a non-owner auto insurance policy might be a wise choice. It can help you maintain uninterrupted insurance coverage and protect you against higher rates in the future. Always consult with a trusted insurance advisor to tailor your decision to your unique circumstances, ensuring you’re covered without any unnecessary expense.
