Should I keep an NNO policy since I will be without a car for six months?
I will be working on location in NYC for the next six months. I sold my car before I moved and was going to cancel my insurance. My agent told me that an NNO policy would only be $20 a month. Should I get it since it is so cheap?
Apr 29, 2021
Answer provided by
Answered at Apr 29, 2021
“Great question! When looking into a named non-owner policy (NNO), there are many things to consider. Cost is one of them and $20 a month is a great deal!
Continuous insurance is a rating factor, and having a break in car insurance coverage will increase your future rates. However, it is only one factor out of many, so there is no way to know how much it will impact your rates long-term.
If you plan to rent a car or borrow a friend’s car from time to time, getting the NNO policy is a good idea. “
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Browse by topics
What others are asking
Do you need insurance if you're just renting an apartment?
I know insurance is important for property owners, but what about renters? Do I need to shell out for insurance as an apartment renter?
Mar 12, 2021
How do I calculate my car’s equity?
I want to know what a fair, reasonable number is for my Chevrolet Equinox.
Apr 07, 2021
Why is my USAA insurance so cheap compared to other insurance companies for minimum coverage?
I'm 21 and live in Tennessee. I was told to shop around for car insurance, so I did. After getting some quotes, USAA's rate was about half of the price offered by any other insurance company. Why is USAA so cheap?
Apr 22, 2021