If you frequently drive cars that you don’t own, you may be wondering if there’s a type of insurance coverage that can protect you in case of an accident. The answer is yes – non-owner car insurance is a type of policy available in Canada that provides liability coverage for drivers who don’t own a car. In this article, we’ll explore what non-owner car insurance is, when it’s necessary, and what it covers.
What is Non-Owner Car Insurance?
Non-owner car insurance is a type of liability insurance that covers you when you drive a car you don’t own. This type of insurance is different from standard car insurance, which covers the car itself and the driver named on the policy. Non-owner car insurance is designed to protect the driver, regardless of the car they’re driving.
When is Non-Owner Car Insurance Necessary?
Non-owner car insurance is necessary for drivers who don’t own a car but drive frequently. This may include people who:
- Borrow cars from friends or family members
- Rent cars frequently
- Use car-sharing services
- Have a suspended or revoked driver’s license and need to maintain insurance coverage
Non-owner car insurance is not required by law in Canada, but it’s a good idea to have it if you fall into any of the categories above.
What Does Non-Owner Car Insurance Cover?
Non-owner car insurance typically covers bodily injury and property damage that you cause to others while driving a car you don’t own. It may also provide coverage for legal fees if you’re sued as a result of an accident. However, it’s important to note that non-owner car insurance does not cover:
- Damage to the car you’re driving
- Injuries to yourself or your passengers
- Comprehensive or collision coverage
If you need coverage for these types of situations, you may need to purchase additional insurance.
How Much Does Non-Owner Car Insurance Cost?
The cost of non-owner car insurance varies depending on a number of factors, including your age, driving record, and the amount of coverage you need. On average, non-owner car insurance policies in Canada cost between $200 and $500 per year. However, this can vary depending on the insurance provider and the specifics of your policy.
How to Purchase Non-Owner Car Insurance
If you’re interested in purchasing non-owner car insurance, you can contact insurance providers directly to request a quote. Some insurance providers that offer non-owner car insurance in Canada include:
- TD Insurance
- Desjardins Insurance
- The Co-operators
- Belairdirect
When requesting a quote, be sure to provide accurate information about your driving history and the frequency with which you drive. This will help the insurance provider give you an accurate quote and ensure that you’re getting the coverage you need.
Conclusion
Non-owner car insurance is a type of liability insurance that provides coverage for drivers who don’t own a car. It’s necessary for drivers who frequently borrow cars or rent vehicles, and it can provide peace of mind in case of an accident. While non-owner car insurance doesn’t cover damage to the car you’re driving or injuries to yourself, it can provide valuable coverage for bodily injury and property damage that you cause to others. If you’re interested in purchasing non-owner car insurance, be sure to contact a reputable insurance provider and provide accurate information about your driving history and needs.
“The best way to protect yourself and others on the road is to make sure you have the right insurance coverage. Non-owner car insurance is a smart choice for drivers who don’t own a car but drive frequently.” – Dave Jones, CEO of the Insurance Information Institute