Yes, Travelers offers non-owner car insurance for people who do not have access to a household car. Travelers non-owner car insurance is a good investment for drivers who frequently borrow or rent cars, or those who need to file an SR-22 or FR-44 with their state to prove they have insurance.
When to Consider Travelers Non-Owner Car Insurance
You rent cars regularly.
You frequently use car-sharing services such as Zipcar.
You need to reinstate your license.
You need to file an SR-22/FR-44 form despite not owning a car.
You want to maintain continuous coverage to prevent future premium increases.
Yes. Travelers offers rental car insurance. Travelers rental car insurance is usually included in a driver’s personal car insurance policy if the driver carries liability, comprehensive, or collision coverage and is driving in the U.S. Each policy is unique, though, and there may be certain exclusions based on your specific situation. It’s very important to confirm the details of your policy by calling customer service at 1 (800) 842-5075 before declining additional coverage at the rental counter.… read full answer
Travelers also offers rental car reimbursement, which helps pay for the cost of a rental car while your personal vehicle is being repaired for a covered claim. If you add rental reimbursement to your policy, your insurance company will pay a fixed amount per day toward the cost of your rental, up to a maximum per-claim limit. You select specific rental car reimbursement limits when you purchase the add-on. For example, if you choose $25 per day/$600 per loss as your rental reimbursement limits, Travelers will pay up to $25 per day, but no more than $600 per claim for your rental. Rental reimbursement coverage costs between $2 and $15 per month, on average, but you’ll need to call customer service to get a personalized quote and add this coverage to your policy.
Travelers Rental Car Insurance Coverage Limits
The same Travelers coverage limits that apply to your personal vehicle will also apply to a rental car. If you only carry liability insurance, Travelers will pay for the other driver’s injuries and property damage after an at-fault accident—but not physical damage to the rental. You need a full-coverage policy to have damage to the rental car covered by your insurer.
If you rent a car similar in value to your personal vehicle, you probably have enough insurance. But if your personal vehicle is a 15-year-old sedan and you decide to rent a 2021 luxury car, you should look into extra coverage. That’s because the limits you’ve chosen for your personal policy may not be sufficient to cover damage to a more expensive rental car.
One option to make up for insufficient coverage when renting a car is to get a collision damage waiver (CDW) from the rental counter, which leaves the rental company responsible if the car is damaged, vandalized, or stolen. In addition to a CDW, rental car companies offer a few other types of insurance if you don’t have enough coverage with your Travelers policy. These include supplemental liability protection, personal accident insurance, and personal effects coverage.
The insurance offered by the rental company often duplicates coverage drivers already have through health, life, and auto insurance. You may also have rental insurance from your credit card company, which is nullified if you purchase the rental company’s coverage.
The cheapest non-owner insurance is from Geico, State Farm, and Farmers. Non-owner insurance is for people who don’t own a car but rent or borrow one frequently. Although non-owner car insurance is usually cheaper than a standard policy, the cost can still vary widely based on location, driving record, and other risk factors.… read full answer
Non-owner policies fulfill the state’s mandatory minimum requirements for liability coverage, though some companies also allow drivers to purchase additional coverage. Drivers can purchase non-owner policies from the country’s 10 largest insurers or from many nonstandard insurance companies.
Not all of these companies operate in every state. Additionally, Progressive only offers non-owner insurance policies to existing customers. It’s also worth noting that if you are rejected by a major company like Geico or State Farm, the nonstandard insurers on this list might be willing to sell you a policy.
Since non-owner insurance is relatively uncommon, most insurance companies have customers call for a quote rather than getting an estimate online. But despite the extra time this requires, comparing multiple quotes will pay off in the long run by saving you money based on your specific location and driving history.
No, you do not need car insurance if you don't own a car and don't plan to drive, unless your state has required you to file an SR-22 or FR-44. If that is the case, then you can purchase non-owner insurance, which will give you at least the minimum amount of coverage required by your state.… read full answer
Even if you’re not required to carry non-owner car insurance, it’s a smart investment if you want the freedom to drive occasionally using rental cars, car sharing services, or borrowed vehicles. When you drive someone else’s car with their permission, you are generally covered by their insurance policy. But non-owner coverage allows you to choose your own policy limits, and it’s easier handle an insurance claim when you’re the insurer’s customer.
You should also consider purchasing non-owner car insurance if you are temporarily between cars and want to maintain continuous coverage with your insurer in order to avoid a lapse in coverage or receive customer loyalty discounts and benefits.
What Non-Owner Car Insurance Covers
Injuries to other drivers in accidents that you cause.
Property damage that you cause, excluding damage to the vehicle you’re driving.
Your medical bills after accidents, depending on your state.
Most major insurance companies offer non-owner car insurance, which usually costs between $200 and $500 per year. If you purchase a non-owner policy, you are required to carry at least your state’s minimum coverage amounts. But you can also purchase additional coverage that is not required.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.