Car and car insurance always go hand in hand because it is mandatory to have insurance if you own and drive a car. Despite these obvious facts, there are many reasons why you should have car insurance, even if you don’t own a car
Why do I need car insurance if I don’t own a car?
It’s natural to think that because you don’t own a car, you don’t need car insurance. However, if you have a driver’s license there is a good chance you are driving another car and thus there are coverage requirements to protect you from liability in the event of an accident while you are behind the wheel.
It is also important for you to have car insurance even if you are just a passenger because you will need to cover medical expenses if you are involved in an accident while driving a car. Certain primary health insurers will cover injuries from auto accidents, but an increasing number of health insurers are excluding auto accident claims from their coverage.
It is also important that you do not let your auto insurance expire for any reason because the next time you try and get coverage, you will be considered a high risk customer. A low-cost option for staying insured while you don’t own a car is to add your name to a policy that may belong to a family member, relative or friend.
Another very effective way to stay insured without spending too much is to take out a policy as a Designated Non-Owner. While this policy does not cover the vehicle for any damages, it still provides you with liability coverage.
Do I Need Car Insurance If I Rent a Car?
Even if you don’t own a rental car on paper, you definitely need auto insurance. While the vehicle is in your custody, you need to ensure that it is fully insured and that you also have the necessary coverage.
It may be beneficial to consider gap insurance when the car has been financed because if you are in a serious accident and need to be written off, you don’t want to pay a large amount over the amount covered.
What if I can’t afford the insurance?
Approved auto insurance can be a drain on your financial resources because premiums are usually quite high. However, given the importance of having insurance coverage, you need to make it a priority. There are free services available to find cheapest car insurance company so you can save a lot of money but still be insured.
You should also know that driving any vehicle without relevant insurance is completely illegal. To make insurance affordable, try to keep the number of policies to a minimum, pay on time to avoid late fees and penalties, and look for the cheapest rates.
Get it car insurance quotes online if you want to get very low premium. It is not a viable option to cancel your insurance policy because you could expose yourself to potentially high liability in the event of an accident or even a traffic violation.
What If I Am Unhealthy In The Long Term?
Even if you are not in a position to drive the car because you are sick or have a disability, it is still a wise idea to maintain your auto insurance. If someone else drives your vehicle then you need to insure it against accidental damage.
Also, consider signing up for a family member’s or friend’s policy so you’re not seen as a high-risk applicant going forward and charging high insurance premiums.
What If I Am In The Armed Forces And Serve Overseas?
Personnel on active military duty abroad do not need to have car insurance for the duration of their service abroad. Even if you have let your previous insurance policy lapse, you will not be considered a high-risk customer when you buy insurance again.
However, any car that you own but is driven by someone else still needs to be protected.
Evan Walsh is an insurance consultant who advises companies and fleet owners on various aspects of auto insurance. Evans has long been associated with http://rsadirect.ae/ and advises customers to opt for online car insurance quotes.
