No, it’s not bad to switch car insurance companies often. Switching insurers can be a great way to save on your car insurance premium, though it’s important to remember that you may be charged cancellation fees each time you switch companies mid-policy.
Progressive, Travelers, and Liberty Mutual are the only companies among the 10 largest insurers that charge cancellation fees, though smaller companies like AAA and Auto-Owners also have fees. If your insurance company charges a cancellation fee, then it’s probably best to wait until it’s time to renew your policy to switch insurers.
If you decide that you want to switch insurance companies mid-policy, you need to contact your current insurer and let them know instead of simply not paying your premium. Even if you paid for your policy in full up front, you should still officially cancel the policy so that you can get a prorated refund.
You can get car insurance without a license from some small local insurers. To get car insurance without a license you need to 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
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.
Comprehensive insurance covers vehicle damage caused by events other than collisions with other vehicles or stationary objects. For example, comprehensive insurance covers damage from vandalism or weather-related incidents, but it does not cover vehicle repairs after hitting a car or telephone pole.
No, you can’t get one-day car insurance. Many websites give the impression that you can find one-day car insurance, but there’s a reason they don’t mention where to buy it or which companies offer it: one-day car insurance policies don’t really exist—in some cases, they may be scams.
The only time you can get one-day coverage is if you pay for rental car insurance at the counter. No reputable insurance company will offer a policy shorter than six months for your own car. And even in the case of … read full answerrental cars, you may be covered by your current policy or have other, better alternatives.
Alternatives to One-Day Car Insurance
People looking for one-day insurance coverage are usually borrowing a car. In that case, non-owner car insurance may be an option. Non-owner insurance supplements the owner’s policy after an accident.
Insurance usually follows the car, so the owner’s insurer will pay for the claim. But if damages exceed the owner’s policy limits, you’re financially responsible. A non-owner policy kicks in as secondary coverage to protect you while driving a borrowed car.
If you’re an infrequent driver, a pay-per-mile policy (also known as usage-based insurance) may fit your needs better than one-day insurance. Pay-per-mile policies price your premium based on how much you drive and how responsible you are when driving, as measured by an electronic monitoring device that attaches to your car or operates through a phone app.
Such usage-based policies can be purchased through Progressive, State Farm, Esurance, Nationwide, Liberty Mutual, and more.
If you drive less than 5,000 miles per year, you fall into the low-mileage bracket and likely qualify for cheaper insurance. That could be the case if you drive for leisure, own a classic car that only comes out of the garage on holidays, or mostly use public transportation and store your car.
You could always purchase a standard policy and cancel it when you don’t need it anymore. You pay for coverage in advance, so when you cancel, you’ll get a prorated refund. But even if you cancel one day into the policy period, you’re not guaranteed a full refund. In addition to possible cancelation fees, you could be billed for more days of coverage than you need.
Bottom Line on One-Day Car Insurance
A one-day insurance policy is not something insurance companies offer, but there are better policy options to meet your short-term needs. For more information, you can check out WalletHub's guide on temporary car insurance.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.