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?

“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. “
Shannon Martin
Answered on Apr 29, 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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