NY Auto Insurance -- Non-Owner, Why Bother?

Why should anyone who doesn't own a vehicle even bother about getting a New York auto insurance policy? Hold on tight because you are in for a big surprise! A car insurance policy is a smart even if you do not own a car if you fall into any of the situations I will discuss shortly in this article.

Since you live in an advanced cities with highly competent mass transit networks, you may not really need to own a vehicle for your daily routine. Car rental services are regularly ready to render services on those times you may need a vehicle for private use.

These rental companies sell insurance if you want to cover your rent period. A non-owner auto insurance policy is, however, cheaper for you on the long run if you hire cars often. You will not have to be buying short term insurance covers from rental companies.

If your friends and relatives know that you have an auto insurance policy they'll be more comfortable to lend their car to you than otherwise. Does not the gesture of getting a non-owner car insurance policy show you such a person is very thoughtful? People like dealing with people who show that they're responsible.

Hold on. A NY non-owner auto insurance policy runs within a certain rule. If an accident happens, your non-owner's policy cannot take precedence over the auto owner's policy. This policy gets to work if the vehicle owner's policy cannot take care of the damages caused. To understand these better...

Assuming you borrowed a car and had an accident where you caused a damage of $27,000. In spite of your non-owner's policy, the vehicle owner's policy will be used if his/her liability limit is, say, $30,000. This won't be the case if his/her liability limit were to be half the amount. In such case your non-owner's policy will come into effect to cover the deficit.

Now, if you are about to buy any form of car insurance policy, you need to take advantage of disparities in premium by various companies. This can save you many hundred dollars. Moreover, it's very ethical -- No fake deals here...

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