The Money Mustache Community
Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: frugaliknowit on August 16, 2018, 02:44:27 PM
-
Hi Mustachians,
I am looking for a non-owner auto policy and not happy with what I have found: $500,000 Liability (each person/each accident) for $402 per 6 months. This makes my "break even" versus the car rental counter as around 20 day rentals over 6 months (figuring $17 per day, plus tax). This is through an agency I've worked with in the past.
Whenever I've done web searches for non-owner auto policies, I get little to nothing. While my license is impeccably clean, I have no recent history of insuring an auto (maybe that's why the rate is so high...?). Any suggestions? Thanks.
-
If you qualify, USAA has inexpensive non-owners auto insurance. I was paying $12 something per month for 2 people.
-
Hi Mustachians,
I am looking for a non-owner auto policy and not happy with what I have found: $500,000 Liability (each person/each accident) for $402 per 6 months. This makes my "break even" versus the car rental counter as around 20 day rentals over 6 months (figuring $17 per day, plus tax). This is through an agency I've worked with in the past.
Whenever I've done web searches for non-owner auto policies, I get little to nothing. While my license is impeccably clean, I have no recent history of insuring an auto (maybe that's why the rate is so high...?). Any suggestions? Thanks.
Is this for the purpose of renting a car? The rental company will offer insurance.
I don't own a car and I don't have a policy. It depends on how long you rent for, but for ~1 week, it's not a huge increase per day. The last time I went to visit my mom for a few days as part of a work trip, the fee was too high, so I took a Lyft instead. Still cheaper than an auto policy I would never use otherwise.
Another option would be a rideshare membership if you need to rent more frequently - those also include insurance in the rates.
So figure out how often you actually need a rental car and compare the prices to other means of transport.
-
I looked into this too because i have a car i only use in the summer (i live 1000 miles from where it's stored) and often rent cars the rest of the year. In the end, i gave up and just got a policy on my summer car for $13/month through Liberty Mutual.
Of course, if you don't have a car at all, then you'll have a harder time with this arrangement. Maybe you can insure yourself on another family member's car?
I disagree with other posters on the price of rental car liability insurance. $12-15/day (which is about the average rate in the US) is not cheap.
-
I looked into this too because i have a car i only use in the summer (i live 1000 miles from where it's stored) and often rent cars the rest of the year. In the end, i gave up and just got a policy on my summer car for $13/month through Liberty Mutual.
Of course, if you don't have a car at all, then you'll have a harder time with this arrangement. Maybe you can insure yourself on another family member's car?
I disagree with other posters on the price of rental car liability insurance. $12-15/day (which is about the average rate in the US) is not cheap.
It usually ends up being $17 per day PLUS tax in the New York City area...which is where I will be doing a lot of renting. Yes, I can uber as well, but I am finding ubering is FAR FROM cheap for longer distances...
-
I think my daughter has a non-owner policy through Geico, but I don't know what it costs. You might have to call rather than searching online.