Is there a chance I’ll take ownership of a vehicle at some point in the next 6 to 12 months?
Although both options provide coverage for drivers who need certified proof of financial responsibility (SR-22) but do not own a car, the Bond will also provide the basest of liability coverage for you as the Bond holder when driving a car, you own.
It is still very important that you speak to your local Acceptance agent about your options, to make sure you find the best fit for your specific needs. Even though a Bond will technically provide some liability coverage on owned vehicles, a regular personal auto policy covers significantly more, including but not limited to permissive use, out of state coverage, and defense counsel.
And of course, Non-Owner policies will not provide coverage for owned vehicles at all. If you don’t currently own a car, need to provide proof of financial responsibility, and believe you will purchase a car within the following year, then the Acceptance non-owner policy may be the better choice. It not only provides more coverage, but, because it is a derivative of the regular personal auto policy, you can simply call your Acceptance agent, or the company directly, to tell them you now own a vehicle. The switch over to a regular auto policy is much easier and smoother. No need to cancel your policy and buy a new one.