Cheapest And Best Non Owner Car Insurance In Tennessee

After living in Tennessee for 16 years, I understand the hurdles of owning and insuring a car there. Many Tennessee residents opt to share cars or rent them for longer trips that public transportation can’t cover. Non-owner car insurance offers financial protection and peace of mind.

With 15 years in the insurance business and 35 years as a car insurance consumer, I know the companies reviewed here inside and out. They are all trustworthy, though each has different strengths in meeting the needs of Tennessee residents.

What Is Non Owner Car Insurance

If you regularly drive vehicles that belong to someone else—whether rentals or cars borrowed from family or friends—you should consider non-owner car insurance.

This insurance primarily provides liability coverage. If you cause an accident while driving a car that isn’t yours, your non-owner policy can help cover the medical and repair expenses of the other party involved.

Some insurers may also offer additional options, including uninsured/underinsured motorist protection and personal injury protection.

It’s vital to note, however, that non-owner insurance typically does not cover comprehensive or collision damage. This means that if the vehicle you’re driving is damaged, those costs may not be covered.

For people who frequently rent cars or borrow from others, non-owner car insurance can be very beneficial. It provides an additional layer of security alongside any coverage the vehicle’s owner may have.

In many situations, it can also be more economical than opting for rental insurance each time.

Additionally, maintaining a non-owner policy can contribute to continuous insurance coverage, potentially leading to lower premiums if you choose to buy a car later on.

Average Cost Of Non Owner Car Insurance In Tennessee Cities

Outlined are the usual rates in five small Tennessee municipalities

Average Cost Of Non Owner Car Insurance In Tennessee

The landscape of non-owner car insurance can be tricky to navigate, given the multitude of providers and their varying rates. It’s crucial to make an informed decision while considering the associated costs.

To help you in this process, we’ve compiled a comparison chart highlighting the average costs of non-owner car insurance from five prominent insurers.

How Much Is Non-Owner Car Insurance In Tennessee By Age?

Much like full coverage car insurance rates, non-owner car insurance is at its peak for teen drivers and gradually drops each year until reaching the age of 55.

Here are sample rates for non-owner car insurance in Tennessee, categorized by ten different ages.

What Is SR-22 Insurance?

It’s essential to clarify that an SR-22 is not an insurance policy but a vehicle liability insurance document required by most state DMV offices for “high-risk” insurance policies.

This form is filed by your insurance company and serves as proof that you possess the minimum required liability insurance coverage for your state.

Drivers often need an SR-22 after having their licenses suspended due to traffic violations, DUIs, or other significant infractions.

The SR-22 acts as a certificate of financial responsibility, demonstrating that the driver has the necessary auto liability insurance coverage. Its main purpose is to verify that individuals maintain their liability coverage.

This requirement is typically enforced by state law or court orders, particularly for those classified as high-risk drivers. The insurance provider files the SR-22 with the state, and they must inform the state if the policy lapses at any point.

How Much Is Non-Owner Car Insurance In Tennessee’s 10 Biggest Cities?

When setting car insurance rates, insurers consider the size of the city. Residents in larger cities with congested traffic often pay more.

How Non-Owner Insurance Rates In Tennessee Compare To Rates In Other States

It may come as a surprise that Tennessee’s average yearly non-owner car insurance rate is $255, which is lower than the national average of $353. Rates in the 12 most populated states:

Should You Get Non-Owner Car Insurance In Tennessee?

Non-owner car insurance is an auto insurance policy intended for those who do not own a car yet may drive occasionally. This policy provides liability coverage in case you are involved in an accident while driving a rented or borrowed vehicle.

In Tennessee, various types of people should contemplate getting non-owner car insurance.

Frequent Renters And Borrowers:

If renting cars or borrowing vehicles from friends and family is a common occurrence for you, non-owner car insurance is definitely something to consider. While rental companies provide insurance options, they can be pricey if you do it regularly.

Furthermore, while the owner’s insurance might cover some incidents, having your own policy ensures you’re protected without impacting their premium.

Commuters Who Use Public Transportation With Occasional Driving Needs:

Many Tennessee residents use public transport or rideshare services for their daily commutes and drive infrequently. You might belong to this group if you live in an urban area with efficient public transportation or if you usually prefer walking or biking.

However, there could be times when driving is essential. In these situations, having non-owner insurance gives you the financial coverage you need.

Individuals Seeking Continuous Coverage:

Insurance providers typically view drivers who do not have continuous coverage as high-risk, which may lead to increased premiums when buying a car. If you’ve sold your vehicle and plan to be without one for some time, a non-owner policy helps you maintain consistent coverage, keeping your insurance history unbroken. This can be particularly advantageous when you eventually decide to purchase a vehicle.

What Does Non Owner Car Insurance Cover?

Non-owner car insurance primarily serves as liability insurance, covering costs for bodily injury or property damage you may cause to others in the event of an accident. Keep in mind that it does not cover any damage to the vehicle you’re operating; that’s the responsibility of the car owner’s insurance.

Some policies also offer optional benefits like medical payments or personal injury protection (PIP), which can cover your medical expenses after an accident, regardless of fault. You can also opt for uninsured/underinsured motorist protection to shield yourself in case of an accident with an inadequately insured driver.

However, it’s vital to understand that non-owner car insurance excludes comprehensive or collision coverage, meaning damages to the vehicle from theft, vandalism, or accidents typically won’t be included.