Non-owner Car Insurance Options – Non-owner car insurance is a type of cover that protects you if you drive a car you don’t own. For example, you can often borrow a friend’s car or use a rental car. Having non-owner auto insurance can protect you from paying large expenses if you cause an accident at fault. However, car insurance is not necessary if you rarely drive these vehicles.
You can add this type of insurance to your existing insurance in Ontario. This means that you cannot buy non-owner car insurance as a stand-alone policy in the county. The supplement usually costs between $200-$500 per year and can be purchased as an endorsement through form OPCF27. You’ll be covered for personal injury protection, uninsured/underinsured motorist coverage and more when driving another vehicle. This guide will walk you through everything you need to know about non-owner car insurance in Ontario.
Non-owner Car Insurance Options
Non-owner car insurance is ideal for those who frequently borrow or rent cars and want protection in the event of an accident. It usually provides coverage for bodily injury and uninsured drivers. However, you can purchase additional enhancements that will increase the events covered. It pays to rent a car often, borrow a friend’s car often, or use car sharing services. The rest of this section will walk you through the three types of people who should consider non-owners insurance.
Six Month Car Insurance: Cost Guide (2023)
Aside from insurance protection, drivers who rent cars can often save significant amounts of money. This is because many rental companies have additional insurance costs which are generally expensive. Obtaining non-owners insurance allows you to decline these coverages without financial risk. However, this coverage is usually also included in travel credit card insurance.
If you often borrow a car from friends or family, owner’s insurance can extend the coverage of your existing policy and protect you in the event of an accident. One thing to note is that the car you borrow cannot be from your family. This is because many insurance companies require you to become a designated driver for any car in your household. As a result, you will be considered the owner and the policy will not apply to non-owners.
Non-owner car insurance can provide extra protection if you frequently use car sharing services. In this case, technically, you do not own the car, but are responsible for any damages caused by your fault in the event of an accident. However, insurance companies will only cover you for the events listed on your policy. This means that you have to pay compensation if you are at fault in an accident without collision coverage.
Given the many types of auto insurance in Ontario, it is important to understand how you are protected. Non-owner auto insurance may not include many of the coverages you would get with a standard policy. You will need to double check your policy to see what is included. This section will explain in detail the coverages you will receive.
Non Owner Insurance • Able Insurance
Covers are the types of events your insurance protects you against. If the incident occurs, the insurance will protect you up to the cover amount. However, you must pay a deductible before you can receive the insurance benefits. This section will explain common occurrences covered by non-owner auto insurance.
