Why are my quotes for a non owners car insurance policy so expensive?

I live in NYC, and while I don't own a car, I do rent one for work all the time. Everyone else online seems to get quotes for just a few hundred dollars a year, but mine is over $1,000! Why is this?

Answer
“NYC is a fantastic place to live and, unfortunately, one of the most expensive cities in the country!
Even though you don’t own a car, any policy quote will use your address as the “”rated location”” and be priced accordingly. Even if the vehicles you rent are out of state, it would be an NYC policy.
There may be a few alternatives worth looking into. See if your company will pay for the rental car insurance or if your company has any corporate discounts with the rental agency.
Check with your credit card carrier. Many “”travel”” cards provide rental car insurance free of cost if you use the card for the rental. This may apply to your corporate card as well!
In this situation, a non owners car insurance policy might not be the most cost-effective option. If you rent a car outside of the city or in a different state, the insurance with the rental agency may be less costly. “
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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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