Sep 22, 2008 by allen c | Posted in Insurance & Registration
i'll be using my parents' car, which is in IN, in california, it already has insurance, but i'll be present to CA and probably stay there for some time (around a year) and use their car, im 18.
So does buying a non owners policy insurance economize me, since they will still pay for regular insurance on car plus the non owner that i'll purchase?
any advice? since if i'll buy my own policy the numbers are 500/mo or more. So im contemplative if i buy a non owners insurance lets say at 1200/yr, plus their regular coverage it'll save some in money.
any advice will be greatly appreciated
or it is illegal?
Most insurance companies will not hide-out you if you drive your parents vehicle despite you having a non-owners policy. Non-owners policies are intended to insure people that DON'T have acceptable access to a vehicle. That's why premiums are cheaper for non-owner policies. Since you will have normal access to a vehicle, your non-owners policy would not cover.
The best thing to do is insure that means with your own policy. In California, there's alot of companies that will insure your risk. This being that the car is registered in another assert, the car not being in your name, and you having an out of state license. Those companies won't require you to change your permit to California (although the DMV requires you to do so), nor will they ask you to switch the car to your name.
EDIT: C- He's not asking what a non-owner's policy. Based on how he asked the mistrust, he already knows what a non-owner's policy is. A non-owner's policy is for someone that doesn't own a vehicle (i.e., someone using a liberation car, SR-22's, etc). One of the stipulations on a non-owner's policy is that the insured doesn't have a vehicle he uses regularly REGARDLESS IF IT'S REGISTERED TO HIM OR NOT (hence the reckon a non-owner's policy is cheaper than a regular liability policy). Otherwise, he should insured that vehicle for fitting coverage.
Most insurance companies will not comforter you if you drive your parents vehicle despite you having a non-owners policy. Non-owners policies are intended to insure people that DON'T have habitual access to a vehicle. That's why premiums are cheaper for non-owner policies. Since you will have uniform access to a vehicle, your non-owners policy would not cover.
The best thing to do is insure that conveyance with your own policy. In California, there's alot of companies that will insure your risk. This being that the car is registered in another solemn, the car not being in your name, and you having an out of state license. Those companies won't require you to change your certify to California (although the DMV requires you to do so), nor will they ask you to switch the car to your name.
EDIT: C- He's not asking what a non-owner's policy. Based on how he asked the inquiry, he already knows what a non-owner's policy is. A non-owner's policy is for someone that doesn't own a vehicle (i.e., someone using a childbirth car, SR-22's, etc). One of the stipulations on a non-owner's policy is that the insured doesn't have a vehicle he uses regularly REGARDLESS IF IT'S REGISTERED TO HIM OR NOT (hence the understanding a non-owner's policy is cheaper than a regular liability policy). Otherwise, he should insured that vehicle for refined coverage.
j2tharome_15 | Sep 22, 2008
above declaration is wrong!
a nonowner policy is for ppl who dont have a car registered under their name, and only drive somebody elses mechanism. This policy will ONLY cover liability, and usually not more than 25/50/25 limit as max.
If you want to sink your parents policy, you need to check to make sure that their policy covers "consenting use". If it does, then you dont even need to get the nonowner policy, since it will cover you for the insufficient briefly time you are to drive it. You must make sure that your name is not EXCLUDED from their policy, and that you have a separate house adress as your fulltime residence. Also make sure that the limit will not be decreased to the minimum 15/30/5 which is minimun report liability in CA.
If all of the above is good, then you can drive the car temporarily since you will be considered permissive use. If you are to perpetually drive the car, then you should be added to the policy as a driver.
With permissive use you will be covered for any damage to their car aswell as susceptibility portion. With just the nonowner policy, you will not be covered if anything happens to their car if their policy doesnt own permissive use.
c | Sep 22, 2008
Do I Need A Non-owner's Insurance Policy?
Oct 15, 2008 by xynder777 | Posted in Insurance
I am current to sell my vehicle soon. I will no longer need car insurance. Do I need to grasp a "non-owners" policy? I know that when I eventually do buy another car + insurance, they ask how long you have been "continually insured," and if I jettison coverage altogether, I'll have to indicate that there was a period that I had no insurance (even though I had no car), which will probably increase my rates.
Typically non-owned auto policies are only written for people who have a car regularly furnished to them and they do not own their own car. In my complete career I think I only wrote two. If you are not going to have a car that is owned by someone else to use every day then you likely don't deprivation the policy, though it's wise to understand that you can still be held liable for damages/injuries you justification driving someone else's car.
Many insurers do not penalize you for time you don't own a car as long as you provide bolster of insurance up to the date you sold the old car, the bill of sale proving the date you sold the old car, and a client's order or bill of sale for the new car showing there was no trade-in.
As long as you keep good records and require them to the insurer you should be fine. But make sure you call for quotes before you actually buy the new car, as you will have to get coverage forced before you pick it up since you won't have an automatic extension of coverage from another car.
if you oft-times drive other peoples vehicles or want that peace of mind you can hold a non-owners policy. plus, if you were to get into an accident it would provide medical coverage (if you have it). this coverage would take over after the car holder's policy coverage paid to its' limits.
if you do not own a car that is a "no need", so the insurance co. should not surcharge you or put you in a higher file because of that. just let them know you did not have a vehicle titled in your name when you purchase the policy, hence the lapse in coverage. however, you will not get the gloss over for having continuous insurance.
so if you do drive someone else's vehicle often it may be something to look into. if you drive every so often or use civic transit most of the time i wouldn't worry about it too much.
brandon j | Oct 16, 2008
There is no such fad as "non-owner's auto insurance."
src50 | Oct 16, 2008
Typically non-owned auto policies are only written for people who have a car regularly furnished to them and they do not own their own car. In my absolute career I think I only wrote two. If you are not going to have a car that is owned by someone else to use every day then you likely don't penury the policy, though it's wise to understand that you can still be held liable for damages/injuries you give rise to driving someone else's car.
Many insurers do not penalize you for time you don't own a car as long as you provide keep up of insurance up to the date you sold the old car, the bill of sale proving the date you sold the old car, and a consumer's order or bill of sale for the new car showing there was no trade-in.
As long as you keep good records and equip them to the insurer you should be fine. But make sure you call for quotes before you actually buy the new car, as you will have to get coverage obligated before you pick it up since you won't have an automatic extension of coverage from another car.
Wendy S | Oct 16, 2008
it depends...how extensive is it going to be before you get another car? if it will be relatively quick, then yes, i would suggest keeping a non owners policy in force. if its accepted to be awhile, then the cost of keeping a policy in force may negate the discount you get for incessant coverage. and to the above....THERE IS SUCH A THING AS NON OWNERS POLICY. I write them all the time.
Queen B | Oct 16, 2008
Are you effective to be driving? If you have no car to drive, and no member of your household has a car to drive, then MAYBE that named nonowner policy will occupation for you. But if you are buying your new car within the next 45 days, you should just keep your old policy in effect, for two reasons:
1. if you interval for more than 30 days, you'll be high risk, and that named nonowner policy won't deem for coverage and
2. the short rate cancellation penalty for cancelling, will be more high-priced than carrying the insurance with no car for less than 45 days.
mbrcatz | Oct 16, 2008
Non-owner Insurance Policy In Md?
Feb 24, 2006 by l720 | Posted in Insurance & Registration
For auto, I surmise. You will want to contact a local agent in your area... look in phonebook under insurance. Most companies will get you go to a local agent
For auto, I expect. You will want to contact a local agent in your area... look in phonebook under insurance. Most companies will oblige you go to a local agent
TYSONBULLY | Feb 24, 2006
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Most insurance companies will not hide-out you if you drive your parents vehicle despite you having a non-owners policy. Non-owners policies are intended to insure people that DON'T have acceptable access to a vehicle. That's why premiums are cheaper for non-owner policies. Since you will have normal access to a vehicle, your non-owners policy would not cover.
This pattern of policy is an indenture between an ![The Common Carrier Reform [Jim Prevor]](http://nt0.ggpht.com/news/tbn/TB6v56cTus7-pM/6.jpg)
ReutersAs a feel put down-business owner, I've been selecting group health-insurance plans for a accommodate century and living, day to day, with the actual impact such What will happen to premiums for individuals under reforms?all 374 rumour articles »