Obtaining car insurance is one of the best things you can do to insulate yourself from liability in the event of an at-fault accident. Most states, including Nevada, require anyone who drives to carry liability car insurance at a minimum. Liability is the lowest amount of insurance you can obtain and will cover any damage or injury to another driver if you are found at-fault in a car accident.
Even if you are not the owner of the vehicle you plan to operate, you are still required by law to secure an insurance policy before you begin driving. Any non owner policy, which are normally liability only, will cover you in any car you drive and tend to be much cheaper than regular policies if you have a clean record. Here are a few examples of situations in which you should consider obtaining a non owner policy.
You rent cars
If you find yourself in need of a rental car several times throughout the year, it may be more cost efficient to obtain a non owner policy. Of course most rental companies offer liability coverage at the time of rental, but if you rent often enough, this could end up being very costly. By obtaining a non owner policy, you could not only save yourself money but also time at the rental counter. Be sure to check with the rental agent about whether your policy is sufficient or if you will be required to purchase extra coverages.
You are part of a car-sharing agency
Car-sharing services, such as Zipcar, are a great way for those who rarely need to drive anywhere to get around when they need to. The agency of your choice will most likely offer the minimal amount of liability coverage necessary, which could leave you stuck with any bills which exceed the policy limit. In the event of an accident while using one of these agencies, both you and the car-sharing agency could be held liable. This is why it is a good idea to obtain extra coverage to protect you in the event of an accident.
You borrow other peoples cars
Although it is likely that the car owner will have a policy which covers you while you are driving, a non owner policy could provide extra coverage. This is especially important in the event that the other driver’s damage or injuries exceed the limit afforded by the liability policy. In this case, you, as the driver, would be stuck with any charges which exceed the policy limit. It is better to obtain a cost efficient non owner policy than to be held responsible for costly repair or medical bills.
You have a spotty driving record
In Nevada, if you have previously had a driving related incident such as a DUI, you will have an SR22 on your record. This is basically proof of financial responsibility or a guarantee that you will be insured for at least 3 years. Even if you do not own a car, if you have an SR22 on your record, you will be required to have insurance. Non owner premiums for those with SR22’s tend to be higher, but will save you money in the event of an accident. Be sure to check with the DMV if you have questions about your driving record and insurance requirements.