Should I get a non owners insurance policy if I'm moving to New York and don't need a car?

I'm moving to New York City, but only for two to three years. I know that a lapse in insurance can qualify you as "high-risk." My agent told me I can forego the lapse by purchasing a non owners insurance policy, but it seems too expensive ($90 a month). Should I get this coverage?

Answer
Non owners car insurance is generally less expensive than standard auto insurance. If $90 a month is too pricey for your budget, you can always shop around with other carriers to try to find a better deal.
It may be worth buying this coverage if you can find a more affordable rate. The longer your lapse, the more your rates may rise. Some insurers won’t even sell policies to drivers who don’t have six months of prior coverage.
If you want cheap car insurance quotes fast, go to Jerry. A licensed broker that offers end-to-end support, the free Jerry app gathers affordable quotes, helps you switch plans, and even cancels your old policy for you.”
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Eric Schad
Answered on May 04, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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