How to Get Insurance If I Don't Own a Vehicle

Most people assume that you need a car in order to maintain an auto insurance policy, but this is not true. A non-owner's policy is auto insurance for people who don't own cars, but who drive on a regular or even an occasional basis. 

This type of auto insurance will provide coverage if you are in an accident while driving a friend's car or a rental car. Even if your friend or the rental company has insurance on the car you are driving, a non-owner's policy can provide additional coverage after the primary insurance pays out maximum benefits.

Instructions

1. If you already have one form of insurance---perhaps renters, homeowner's, or life---contact your insurance agent and request a cheap auto insurance quote on a non-owner's auto insurance policy. Most insurance companies offer a discount if you hold multiple types of policies with them, so this is the best place to start.

2. Calculate the amount of coverage that you need, and figure out how much you can afford to spend. The amount of coverage that you'll need is dependent on factors such as your net worth and the cars that you'll drive.

3. Use an auto insurance quotes comparison site to find the best non-owner's policy that meets your needs. Since this car insurance will only cover automobiles you do not own, you only need "liability" insurance. 

Tips & Warnings

1. Non-owner's auto insurance policy premiums usually cost half as much as a normal auto insurance policy. Keep this in mind when comparing price quotes.

2. Some policies offer small discounts for pre-paying six months or one year in advance.

3. If you do purchase a car in the future, you will be penalized with a higher premium if you have not had continuous auto insurance coverage for the previous six months. A non-owner's policy helps you avoid this penalty.