Nationwide Sells Renewal Rights for Commercial and Personal Non-Standard Vehicle In-Force Policies
Sunday, March 5, 2017
As of December 8, 2016, Nationwide Insurance entered into an agreement in which National General Holdings Corps will obtain the renewal rights for Nationwide’s personal and commercial non-standard vehicle in-force policies. As a result, Nationwide will no longer be renewing the non-standard automobile policies, offering opportunities for people who are currently insured to renew elsewhere.
Layman’s Terms
Non-standard auto insurance is another industry term for high-risk insurance. This type of coverage refers to individuals who have had numerous accidents or driving violations or have not been insured continuously for five years or longer. Many insurance providers choose to deny coverage to these types of drivers, forcing them to go with companies not streamlined or well-known, which usually means companies with rates that go through the roof. Nationwide has decided to offer this type of coverage through National General Holdings Corp, thereby removing the non-standard insurance policies from their records.
Other Options
Should you prefer to go with a more well-known insurance company in North Carolina, you have options. Of course, the standard companies that have always covered non-standard drivers will likely still be available, however, because Nationwide has sold its rights to renewals, loyalty discounts do not apply to these drivers.
If you are looking to price your non-standard automobile policy through other companies in North Carolina, contact the agents at Protective Agency Insurance at 877.739.9367. Their insurance agents will gladly review your coverage and your driving record to help find you a matching policy for your needs at a good price. Our agents are available Monday through Friday to answer all of your questions and guide you towards good insurance options.