Cheapest Non-Owner Car Insurance In Maryland 2024

In Maryland, non-owner car insurance costs an average of $429 annually. This policy is intended for people who regularly rent or borrow cars. It provides liability coverage that complies with the state’s minimum legal requirements.

With 15 years as a licensed insurance agent and over 35 years of buying car insurance, I have comprehensive insight into Maryland’s insurance landscape and the strengths of its various providers.

What Is Non-Owner Car Insurance?

Driving cars that aren’t yours, whether they’re rentals or borrowed from friends or family, can be made easier with non-owner car insurance. This type of insurance primarily covers liability, meaning if you cause an accident while driving someone else’s car, your policy can handle the other party’s medical and repair expenses.

Some insurers might also throw in extras like protection against uninsured drivers or coverage for personal injuries. Just remember, non-owner insurance typically doesn’t cover damage to the car you’re driving. It’s a smart choice for individuals who frequently borrow or rent cars, giving them added peace of mind.

Plus, it could save you money compared to always buying insurance from the rental company. And having this kind of policy ensures you maintain continuous insurance coverage, which might lead to lower premiums if you decide to buy a car later on.

Average Cost Of Non-Owner Car Insurance In Maryland

Navigating non-owner car insurance options can be challenging due to the variety of providers and rate fluctuations. Understanding the financial consequences of your choice is key.

To help, we’ve compiled a comparison chart featuring rates from five leading providers.

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

Just like full coverage car insurance, non-owner car insurance in Maryland tends to be priciest for teenagers and becomes more affordable as you age, typically tapering off by age 55.

Below are sample rates across different age ranges.

Average Cost Of Non Owner Car Insurance In Maryland Cities

Outlined are the average costs for services in five small Maryland towns.

What Is SR-22 Insurance?

In essence, SR-22 isn’t an insurance policy but rather a validation of your vehicle liability coverage. Most state DMVs demand it for high-risk insurance policies, acting as proof that you meet the minimum liability insurance criteria.

Your insurance company submits this paperwork, crucial for individuals facing license suspension over traffic infractions or serious offenses like DUIs. It essentially attests to your financial responsibility, confirming you’ve secured the required auto liability insurance.

Typically, it’s a state or court requirement, particularly for high-risk drivers, and your insurer is obliged to inform the state if your coverage lapses.

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

The size of a city plays a role in car insurance costs. Bigger cities with more congestion typically mean steeper rates for drivers.

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

In an unexpected turn, Maryland boasts an average annual non-owner car insurance rate of $290, falling below the national average of $353.

Check out the rates in other states:

Minimum Car Insurance Requirements In Maryland

According to the Maryland Department Of Transportation, drivers are required to carry minimum coverage limits of:

• $30,000 for bodily injury
• $60,000 for 2 or more people
• $15,000 property damage

What Does Non-Owner Car Insurance Cover?

If you don’t have a car but still want insurance, a non-owner policy is what you’re looking for. It mainly focuses on liability coverage, which pays for others’ injuries or property damage if you’re at fault in an accident.

However, it’s important to know that it won’t cover any damage to the car you’re driving; the owner’s insurance handles that. Some plans may offer additional features like medical payments or personal injury protection, which help with medical expenses regardless of fault.

You can also choose uninsured/underinsured motorist protection to protect against drivers with insufficient coverage. Just remember, non-owner insurance doesn’t cover theft, vandalism, natural disasters, or collisions.

Should You Get Non-Owner Car Insurance In Maryland ?

Non-owner car insurance is tailored for those who don’t own a car but may drive occasionally. It offers liability coverage in case you cause an accident while driving a borrowed or rented car. Some residents of Maryland should think about purchasing this insurance policy.

Frequent Renters And Borrowers

If you’re someone who often rents cars or borrows them from friends or family, considering non-owner car insurance is a good idea. Even though rental companies provide insurance choices, they can be pricey for frequent renters. Similarly, while the owner’s insurance might cover some accidents, having your own policy ensures you’re covered without affecting the owner’s premium.

Public Transport Commuters With Occasional Driving Needs

Public transport and rideshares are essential modes of travel for many Maryland residents in their day-to-day routines, with personal driving saved for rare occasions. This lifestyle choice often aligns with residing in urban areas boasting efficient public transit or favoring biking or walking.

Nevertheless, there are times when driving becomes inevitable. Non-owner insurance steps in to provide financial security during these instances.

Individuals Trying To Maintain Continuous Coverage

Insurance companies tend to classify drivers without consistent coverage as high-risk, which may result in higher premiums when they purchase a car. If you’ve sold your vehicle and anticipate being without one for some time, obtaining a non-owner policy can assist in maintaining continuous coverage and preserving your insurance record.

This approach can prove advantageous when you later buy a car and require standard insurance.