The cheapest non-owner insurance is from Geico, State Farm, and Farmers. Non-owner insurance is for people who don’t own a car but rent or borrow one frequently. Although non-owner car insurance is usually cheaper than a standard policy, the cost can still vary widely based on location, driving record, and other risk factors.
Non-owner policies fulfill the state’s mandatory minimum requirements for liability coverage, though some companies also allow drivers to purchase additional coverage. Drivers can purchase non-owner policies from the country’s 10 largest insurers or from many nonstandard insurance companies.
Not all of these companies operate in every state. Additionally, Progressive only offers non-owner insurance policies to existing customers. It’s also worth noting that if you are rejected by a major company like Geico or State Farm, the nonstandard insurers on this list might be willing to sell you a policy.
Since non-owner insurance is relatively uncommon, most insurance companies have customers call for a quote rather than getting an estimate online. But despite the extra time this requires, comparing multiple quotes will pay off in the long run by saving you money based on your specific location and driving history.
Yes, Geico offers mechanical breakdown insurance for new or leased cars that are less than 15 months old and have less than 15,000 miles on them. Geico mechanical breakdown insurance (MBI) is a policy add-on that insures a vehicle against mechanical problems, such as transmission or engine failure, which are not covered by standard car insurance policies.… read full answer
However, mechanical breakdown insurance will not pay for routine maintenance, wear and tear, or damage caused by an accident. Other exclusions to Geico mechanical breakdown coverage include tune-ups, wheel balancing, and suspension balancing, among others.
Geico Mechanical Breakdown Insurance Cost
The cost of Geico mechanical breakdown insurance varies depending on the car, but the average MBI policy costs around $100 a year. Customers will also need to pay a deductible of $250 before Geico MBI goes into effect.
Mechanical breakdown insurance from Geico is a good alternative to an extended warranty from the vehicle manufacturer, which might provide the same type of coverage but will usually cost around $1,500 total. For more information on whether Geico MBI is worth it, check out WalletHub’s complete guide to mechanical breakdown insurance.
Non-owner SR-22 insurance costs at least $15 - $25, due to the fee insurers charge for filing an SR-22 form with the DMV. Non-owner SR-22 insurance also costs roughly 3% more than a standard non-owner car insurance policy, on average, given the high-risk surcharge that insurers apply to the premiums of drivers who need an SR-22.… read full answer
The exact cost of a non-owner SR-22 policy depends on where the driver lives and how much car insurance they’re required to have. But because non-owner SR-22 insurance applies only to drivers, and not their cars too, it generally costs less than regular SR-22 coverage.
How Non-Owner SR-22 Insurance Works
Non-owner SR-22 insurance is coverage for drivers who do not own a car but are required by their state to file an SR-22 as verification of insurance. Most states require drivers to file an SR-22 after they are convicted of a major moving violation, such as DUI or reckless driving. This applies even if you don’t own a car, which is where non-owner SR-22 insurance comes in handy.
You will not be eligible for non-owner SR-22 insurance if anyone in your household owns a car. If you purchase a non-owner SR-22 policy, you will only need it for 3-5 years, depending on your state. Those who do not plan on driving in the future can drop their coverage once they are no longer required to have an SR-22 on file.
Yes, you can get car insurance without a license from some small local insurers, if you exclude yourself as a driver on the policy and list a licensed family member, friend, or caretaker as the primary driver. It’s possible, with some effort, to insure your car so someone else can drive it.… read full answer
How to Get Car Insurance Without a License in 4 Steps
1. Contact regional insurance companies or a local independent agent.
Focusing on smaller companies will give you the best chance of finding coverage as an unlicensed driver. Most national companies will not insure you without a license. The risk is too high, in their eyes, that you will drive the car yourself.
2. List yourself as an excluded driver on the policy.
This is a legal statement that, as an unlicensed driver, you are not going to drive the car. Note that if you do drive illegally and get into an accident, the insurance company will not cover any claims. If you get or regain your license while the car is insured, you must notify your insurance company and provide your new license number before you are legally insured on the policy.
3. List the person who will operate the vehicle the most as the primary driver on the policy.
This can be a spouse, family member, roommate, caretaker or friend. They may live with you or not. They must, of course, have a valid driver’s license.
4. List the primary driver on your registration as part-owner.
Try this step if you can’t find any company that will insure the car for you without a license. There should be no trouble insuring the car with a licensed driver listed as co-owner.
Why You Might Need Car Insurance Without a License
Your license is suspended and you need to file an SR-22 or FR-44 to reinstate it
You only have a learner’s permit
You are insuring a collectible vehicle that you won’t drive
You own a car that is driven by a caregiver or chauffeur
You need to co-sign a policy for an underage driver
If no one is going to drive the car, but you want to protect it against accidental damage while it’s stored, you have the option of purchasing comprehensive-only or parked-car coverage. You will have to cancel your registration and turn in your plates to do this, but it is cheaper than buying a policy that also offers liability coverage. This type of insurance is offered by many national firms such as Allstate and State Farm.
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