Non-owner car insurance covers people who drive but don’t own a car. This type of insurance provides liability coverage, which means it will cover any damages or injuries that you may cause to others while driving someone else’s vehicle. It’s important as it offers peace of mind and financial protection, saving you from potential out-of-pocket expenses from accidental liabilities.
Non-owner car insurance generally costs less than standard car insurance because it doesn’t cover the vehicle you’re driving. However, insurance rates vary based on your age, driving history and location.
- Non-owner car insurance costs an average of $39 a month in North Carolina for the coverage limit of 30/60/25.
- The non-owner car insurance rate is $470 per year—lower than liability-only coverage of $523 for North Carolina drivers.
- State Farm offers the cheapest non-owner car insurance rates in North Carolina at an average cost of $24 per month.
Do I need non-owner car insurance in North Carolina?
Non-owner car insurance in North Carolina is crucial for individuals who frequently rent or borrow vehicles. It provides liability coverage if you cause an accident while driving a vehicle not owned by you, protecting you from potential out-of-pocket expenses. It can also supplement any existing coverage the car owner may have.
Non-owner car insurance is ideal for those who occasionally rent or borrow cars for personal or business purposes. Rather than opting for the expensive insurance offered by rental companies, you can get non-owner car insurance that offers similar coverage at a more affordable price.
Additionally, keeping continuous insurance coverage, such as non-owner insurance when you’re between vehicles, can help keep your insurance premiums lower in the future. It offers coverage if you’re involved in an accident and deemed at fault. However, it does not cover the vehicle you are driving.
Average non-owner car insurance cost in North Carolina
North Carolina drivers can expect to pay an average of $39 per month or $470 annually for non-owner car insurance with a coverage limit of 30/60/25.
Your rates may differ based on your driving record, age, location and the insurance company you choose.
Cheapest non-owner car insurance companies in North Carolina
CarInsurance.com’s analysis shows that State Farm offers the most affordable non-owner car insurance rates in North Carolina, at $24 per month. Other insurers like North Carolina Farm Bureau and Nationwide also offer affordable premiums.
Non-owner auto insurance rates may vary based on your driving record, ZIP code, and coverage needs. It’s a good idea to compare quotes from multiple insurers to find the best rate for your specific situation.
The table below highlights the cheapest non-owner car insurance companies in North Carolina.
| Company | Annual full coverage rates | Monthly full coverage rates |
|---|---|---|
| State Farm | $285 | $24 |
| North Carolina Farm Bureau | $324 | $27 |
| Nationwide | $440 | $37 |
| Utica National Insurance Group | $468 | $39 |
| Farmers | $504 | $42 |
| Progressive | $504 | $42 |
| Geico | $569 | $47 |
| Allstate | $641 | $53 |
| Erie Insurance | $846 | $71 |
Compare non-owner car insurance rates in neighboring states
Non-owner auto insurance in the biggest North Carolina cities
In Winston-Salem non-owner auto insurance costs $38 per month or $457 annually, while drivers in Cary pay $40 monthly for the same coverage.
Insurance rates vary by city in North Carolina. Car insurance companies consider the rate of accidents, theft, and vandalism in a particular area when determining the premiums for non-owner car insurance.
The cost of living is another factor that influences non-owner car insurance rates. Cities with higher costs of living in North Carolina generally pay higher insurance premiums, including non-owner car insurance.
The table below shows how much you’ll pay for non-owner car insurance based on your city.
| City | Annual full coverage rates | Monthly full coverage rates |
|---|---|---|
| Winston-Salem | $457 | $38 |
| Cary | $476 | $40 |
| High Point | $502 | $42 |
| Durham | $504 | $42 |
| Greensboro | $516 | $43 |
| Raleigh | $517 | $43 |
| Wilmington | $530 | $44 |
| Concord | $537 | $45 |
| Charlotte | $555 | $46 |
| Fayetteville | $559 | $47 |
Affordable non-owner insurance in North Carolina, by ZIP code
In North Carolina, a 40-year-old driver living in ZIP code 28635 pays $396 a year or $33 per month for non-owner insurance, while the coverage costs $396 a year or $33 per month for a driver in ZIP code 28685 with a clean driving record.
When should you consider buying non-owner car insurance in North Carolina?
Non-owner car insurance is designed for individuals who do not own a vehicle but still need coverage for the times they drive a car that is not their own. This type of insurance typically provides liability coverage, which means it will cover any damages or injuries that you may cause to others while driving someone else’s vehicle.
In addition to covering accidents, non-owner car insurance can help fill in gaps, offering extra protection on top of the car owner’s existing policy. It gives the car owner peace of mind, knowing their insurance rates won’t increase because of an accident caused by someone else.
For example, if you’re driving a friend’s vehicle with only basic liability coverage, your non-owner insurance can help cover the extra costs if the damages exceed their policy’s coverage limits.
Maintaining continuous coverage is essential to help keep your insurance rates low in the future. Non-owner car insurance is an excellent option if you don’t own a car. Insurance companies may view lapses in coverage as risky, which can lead to higher premiums.
Having non-owner car insurance during these gaps demonstrates your commitment to continuous coverage, which can help you maintain lower rates moving forward.
Final thoughts on non-owner car insurance in North Carolina
Non-owner car insurance is a good option in North Carolina to get auto insurance liability coverage if you rent or borrow vehicles occasionally, use a car-sharing service or need to file an SR-22 form.
It is a good option for those who often rent or borrow vehicles as it offers liability coverage when driving someone else’s car and can supplement the car owner’s existing insurance policy.
It is also beneficial for maintaining continuous insurance coverage, which can help keep your rates low in the future. Consider a non-owner car insurance policy if you frequently use vehicles that do not belong to you, and get quotes from three different companies to ensure you’re getting the best rate.
Resources & Methodology
Methodology
CarInsurance.com gathered data on non-owner car insurance rates from Quadrant Information Services. The rates are for non-owner state minimum liability only and the coverage limit varies by state.
To determine non-owner car insurance rates for different companies, CarInsurance.com used a sample profile of a 40-year-old male and female driver who owns a Honda Accord LX with no traffic violations on his record. We compared 53,409,632 insurance quotes across 34,588 ZIP codes from 170 insurance companies in the U.S.
Insurance company: Based on the analysis, we have created lists of the companies that offer non-owner insurance.
Age group: Non-owner car insurance rates are calculated by evaluating the sample profile for different age groups.
- Teens: Age 16-19
- Young adults: Age 20-24
- Adult drivers: Age 25-60
- Senior drivers: Age 65-75
To get non-owner car insurance rates for different cities and age groups we have compared 53,409,632 car insurance quotes across 34,588 ZIP codes from 75 company groups nationwide. These are sample rates and should only be used for comparison purposes.
These are sample rates and should only be used for comparison purposes.
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