How much will a lapse of auto insurance really cost me?

I junked my car and don't plan on getting a new one for a while. GEICO said that I need to keep a non owners policy to keep my rate from increasing, but they couldn't tell me how much it would save me. Why not?

“Keeping your auto policy and converting it to a non owners policy is a great way to keep the cost of your overall insurance down. However, there isn’t a way to find out how much it might save you.
Having a lapse of coverage is a negative factor when it comes to your auto insurance, but other factors like loss history, driving record, safety discounts, and credit score (in some states) matter more. Since rates change all the time, there isn’t a way for a carrier to accurately quote removing this factor with a future-dated policy.
If you have a favorable driving record and credit score, having a lapse of insurance will impact your rate, but not very drastically. If you have a less desirable driving history, the impact on your future rates can be significant. “
Shannon Martin
Answered on May 06, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.

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