Wow, this is a great idea. The fact that you can't drive a friend's car is a crazy aspect of US auto insurance.
Is this a new company? Would it apply to Zipcar / car rentals as well as owned cars? Does anyone know of a US equivalent?
Is this a new company? Would it apply to Zipcar / car rentals as well as owned cars? Does anyone know of a US equivalent?
That's not true at all. I have State Farm (IL and FL), and as long as my family member, friend, whatever has my permission to drive the vehicle, they're covered under my policy.
The wikipedia page even mentions this: "Although frequently not explicitly stated, US car rental companies are required by respective state law to provide minimal liability coverage, except in California, where the driver is solely responsible."
Of course, minimal liability is only good if you have no assets whatsoever...
True, but only up to ~30 days. To continue to be covered longer than that, you need a separate policy, or you need to return and re-rent a rental car every 30 days or so.
> Of course, minimal liability is only good if you have no assets whatsoever...
Having nothing to take is the oldest version of "judgement proof".
If I have a rental car, I can return it anywhere in the country whenever I want if its from a major brand, with the only transaction necessary being a charge on my credit card.
Please do your own research before relying on any of this, of course! Especially since individual insurance and credit cards may vary. But personally I've not seen any reason to purchase the insurance they offer.
https://www.esurance.com/info/car/myth-car-insurance-follows... http://www.claimsjournal.com/news/national/2014/06/05/249762...