Author Topic: What insurance is needed if you don't have a car?  (Read 612 times)

By the River

  • Bristles
  • ***
  • Posts: 464
What insurance is needed if you don't have a car?
« on: January 19, 2022, 09:50:36 AM »
My son just moved to a metro area and doesn't have a car.  I assume he will occasionally rent cars and use ours when he visits home.  What type of insurance do those in the same situation use?

SunnyDays

  • Magnum Stache
  • ******
  • Posts: 3489
Re: What insurance is needed if you don't have a car?
« Reply #1 on: January 19, 2022, 10:10:59 AM »
When renting a car, don't buy the insurance from them - it's a rip off.  Go to any insurance agent instead.  Way cheaper that way.  Just remember to cancel it when done.

For driving your car, would he not be covered under your existing policy?  Check with your company to see.

turketron

  • Pencil Stache
  • ****
  • Posts: 774
  • Age: 38
  • Location: WI
Re: What insurance is needed if you don't have a car?
« Reply #2 on: January 19, 2022, 10:18:39 AM »
When renting a car, don't buy the insurance from them - it's a rip off.  Go to any insurance agent instead.  Way cheaper that way.  Just remember to cancel it when done.

Some credit cards also offer insurance on rentals as a benefit when you book the rental on the card. https://www.nerdwallet.com/article/credit-cards/credit-card-rental-car-coverage

Dibbels81

  • Stubble
  • **
  • Posts: 131
  • Location: Highland Park, IL
Re: What insurance is needed if you don't have a car?
« Reply #3 on: January 19, 2022, 01:35:04 PM »
I believe there is something called Non-Owner insurance policies--as a bonus, I believe this would cover your son if he is injured while biking, if he is going to commute that way. 

By the River

  • Bristles
  • ***
  • Posts: 464
Re: What insurance is needed if you don't have a car?
« Reply #4 on: January 20, 2022, 10:34:30 AM »
Thanks for the recommendations.  I'll have him look into the non-owners policy but unfortunately the bicycle injury inclusion may be a state dependent law. 

cool7hand

  • Handlebar Stache
  • *****
  • Posts: 1319
Re: What insurance is needed if you don't have a car?
« Reply #5 on: January 21, 2022, 07:50:55 AM »
Why not just add an umbrella policy to the insurance already associated with whatever credit card he uses?

 

Wow, a phone plan for fifteen bucks!