Non-owner insurance is a car insurance policy that provides bodily injury and property damage liability coverage for drivers who don't own a car. Non-owner insurance is cheaper than a standard car insurance policy and can be purchased by anyone with a valid driver's license who does not have regular access to a specific vehicle. Even living with someone who owns a car could jeopardize your eligibility for non-owner insurance.
What Non-Owner Insurance Covers
Injuries to other drivers in accidents that you cause.
Property damage, excluding damage to the vehicle you're driving.
Accidents caused by uninsured/underinsured motorists.
You can use non-owner insurance coverage for many things, including borrowing a car, renting a car, using a car-sharing service, or reinstating your license after a serious traffic violation.
Typically, non-owner insurance costs between $200 and $500 per year—although this varies depending on your location and driving history. On the other hand, a standard owner policy will cost an average of $716 per year for minimum coverage.
To learn more, check out WalletHub's guide to non-owner car insurance.