No Car? You May Need Nonowner Car Insurance

[BlockO]

Someone with 6 months prior, gets like 50% off their rates here lol. non own cost about 200 bucks here, wouldnt it just make more sense to get non own 6 months prior to getting your insurance.

I guess that would make sense in some situations. But 3 things to keep in mind:

1. most carriers don't put that much weight into the prior coverage discount as your carrier does. 50% is being very generous.
2. some carriers do not accept named operator policies as prior coverage. other carriers accept it, but only give a portion of the full discount (compared to a regular auto policy). Not every carrier gives the full discount.
3. And of course, a customer rarely ever thinks it out that far in advance. Many aren't even aware just how much their rates can go up with no prior.

 

[benwrigh]

I guess that would make sense in some situations. But 3 things to keep in mind:

1. most carriers don't put that much weight into the prior coverage discount as your carrier does. 50% is being very generous.
2. some carriers do not accept named operator policies as prior coverage. other carriers accept it, but only give a portion of the full discount (compared to a regular auto policy). Not every carrier gives the full discount.
3. And of course, a customer rarely ever thinks it out that far in advance. Many aren't even aware just how much their rates can go up with no prior.

From my experience they are not saving the money from the prior insurance discount, but from being able to qualify for standard carriers.

 

[BlockO]

That's usually true but many of these drivers don't have the good credit to qualify for the standard market anyways.

And "prior insurance discount" is merely marketing language. It's really just placing a driver in a higher rating tier. But of course, it sounds better to the customer to call it a discount.

 

[USF3983]

In Florida, prior insurance is always a pretty decent discount as long as it has liability. It also helps for qualifying with some companies.

Big ditto on the fact that people without insurance aren't usually planning that far ahead.

 

[Agent Ave]

AKA SR22. You can try calling Progressive (among others), they offer these types of coverage's. Talk to a rep for more information.

Best,

 

[USF3983]

SR-22 isn't the same as a non-owner policy. Often I find myself writing the 2 together.