When Do You Need Non-Owner SR-22 Insurance?
Research shows that about 13% of drivers in the United States drive without auto insurance. Driving without insurance is a serious traffic offense, and you will suffer severe consequences when involved in an accident. A third-party insurance coverage is a must-have for every car owner to avoid the financial burden of compensating injured passengers. Every car accident victim that lacks insurance is required to request an SR-22 form from their insurance provider. If you are not a car owner, you should not worry since applying for non owners insurance is a simple and straightforward process. Below, you will discover the reasons to have non-owner SR-22 insurance.
Today, car insurance providers offer insurance policy for people who don’t own a car. If you are considered a high-risk driver by the state, you must have non owners insurance policy. Non-owner insurance is insurance coverage for high-risk drivers that do not own a car. One of the reasons why a non-owner may need this type of insurance is that it is required by law to carry insurance. Also, non owners insurance is ideal if you want coverage when operating a car that isn’t yours, such as a rental car. As compared to other types of insurance, non owners insurance is usually expensive since the policyholder is a high-risk driver. Even so, with this type of insurance, you will not have to worry about getting into more trouble with the law.
What are the reasons for having non owners SR-22 Insurance? There are several reasons why one may be required to file for an SR-22. For instance, if you have received a citation for driving without insurance, it is important to apply for SR-22 insurance. Also, you should file for an SR-22 if you have been charged with a DWI or convicted for driving without insurance. This page highlights more scenarios where one needs to apply for non owners SR-22 insurance. While trying to get your driver’s license back after a suspension, you need to drive with a non owners insurance to make the process easy.
Non owners insurance is usually less expensive as compared to traditional auto insurance. The cost of non owners insurance is usually a little bit high for people who don’t have an SR-22. Averagely, you will pay around 240$ per month if you have an SR-22. In case your insurance policy lapses or your default in making the paying, your driver’s license will be suspended. There are means through which you can cut your cost on non owners insurance. A price comparison will help you identify the most suitable insurance company to get non owners insurance from. Establish if you can afford to pay the premiums before committing to a non owners insurance policy.
If you don’t own a car, you should have non-owner SR-22 insurance to remain compliant with the law.