Car Insurance Without a Car: How to Get the Best One

Even if getting car insurance without owning a car is cheap, it isn’t always easy. Some insurers don’t provide this coverage. But, the well-known ones such as Geico, Progressive, and State Farm do provide non-owner car insurance. Let’s look at Value Penguin’s assessment of what some of the insurers offer for this coverage.

State Farm

State Farm offers its customers non-owner insurance at an annual rate of $976. Customers can get the benefits of standard liability coverage and underinsured/uninsured motorist coverage. While their rates are higher than average, they do have a variety of discount criteria, such as safe driver discounts, student driver discounts, and safe vehicle, to name a few. They also provide some beneficial policy add-ons such as ride share insurance and rental car/travel expenses coverage.

Overall, State Farm provides adequate value for its higher-than-average rates. Their discounts can help bring down the cost depending on the type of coverage you have selected. They’re a good choice for anyone looking for convenience and a personalized insurance experience.

Geico

Geico is probably the cheapest provider for non-owner car insurance. With an average annual rate of $621, it definitely stands out among any other insurance companies. In addition to cheaper rates, Geico also offers top-notch customer service and good discounts. The coverage options they provide are standard and include bodily injuries, medical payments, and uninsured/underinsured motorist insurance.

Geico also provides coverage options to drivers with a history of accidents. But this coverage is only available if you file an SR-22 or FR-44.

The discounts that Geico offers are tied closely to safe driving and the customer’s association to certain organizations such as the military.

Progressive

Insurance rates for Progressive are generally higher than average for all lines of insurance. This is true even for their non-owner insurance, with average annual rates of $976. Although folks with an extensive driving history will find Progressive’s rates to be fairly reasonable.

The coverage that customers receive from them includes standard liability, medical payments, and uninsured/underinsured motorist coverage. Despite higher-than-average rates, they do offer attractive discounts through their Snapshot program. The program consists of various different types of discounts such as safe driver, teen driver, and continuous insurance, to name a few, which you can get if you meet their specific requirements. These include having a clean traffic record for three years without any accidents.