Many times, especially in large cities with widespread public transit systems such as Chicago, people choose to bypass the purchase of a personal vehicle and rely instead on the buses and trains that service the area. These days especially, individuals are opting to hold off on the purchase of a personal vehicle due to hard economic times. Non-owner’s insurance is a wise investment for people who rarely drive, but when they do, it is in
another person’s vehicle.

What is Included in This Policy?

Non-owner’s insurance is a policy that covers driving done by an individual in any vehicle that he or she does not own. It covers anything from rental cars to friends’ vehicles. These plans are typically not as all-inclusive as policies provided to owners, but this is because they do not need to be as extensive. Towing and rental reimbursement and collision damages are typically not covered in this insurance plan. However, the following damages are usually included:

• Liability
• Medical payments
• Uninsured/underinsured protection
• Personal injury protection

Typically, non-owner’s insurance runs at lower rates than plans that cover those who own vehicles. The costs can range anywhere from around $300-$500 annually, depending on the plan selected.

When Do These Policies Begin to Cover Damages?

If you are driving a borrowed vehicle, the owner’s insurance policy should take first priority in covering any damages that result from an accident that you have caused. Only when the monetary resources from that plan have been completely used up does you plan begin to cover the remainder of the costs.

Contact Us

For more information in non-owners insurance policies, please call the Chicago car insurance specialists today at 888-972-7283.