In California, many insurance companies offer insurance policies to drivers that do not own a vehicle.
These policies are referred to commonly as non owner insurance policies.
They can be purchased for a very low premium.
Often times these policies can be less than $200 per year for liability protection.
The low price on California non owner insurance policies does come with a cost.
The coverage on these policies can often times be very restricted.
This can be expected considering the premium associated with them.
Many of these policies restrict coverage from extending to vehicles that are owned by family members or household residents.
This means that these policies will not extend coverage to the use of a vehicle that is owned by a family member or household resident.
Many times if coverage is desired for these vehicles the driver can be named as a covered driver on the vehicles insurance policy themselves.
The premium for these policies is often half the price of what it would be with a scheduled vehicle associated with the driver.
There are other restrictions that are often associated with this.
In most cases coverage will also not extend to the use of an employer's vehicle or non private passenger vehicle.
It is important that consumer research the restrictions of a non owner insurance policy prior to requesting to purchase coverage.
The premiums associated with these types of policies are designed with occasional use of a non owned vehicle in mind.
This is why the are significantly less than their counterparts.