When Do You Need Non-Owner SR-22 Insurance?
Research shows that about 13% of drivers in the United States drive without auto insurance. It is illegal to drive without insurance, and you are also likely to suffer severe consequences if you are 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. After an accident, the victims are usually required to get an SR-22 form from their insurance agency. For those without a car, you should know that applying for non owners insurance is usually a simple and fast process. Below, you will discover the reasons to have non-owner SR-22 insurance.
In this era, a majority of auto insurance companies provide insurance policies 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. Every driver that doesn’t own a car is considered a high-risk driver. One of the reasons why a non-owner may need this type of insurance is that it is required by law to carry insurance. The need for non owners insurance is emphasized for individuals that drive cars that aren’t theirs, such as a rental car. Since you are regarded as a high-risk driver, you are likely to pay more for SR-22 insurance. However, you should know that non owners insurance will keep you away from trouble with the law.
Why should one apply for 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, if you have been charged with a DUI or you have been 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 cheaper than traditional auto insurance policies. Nonetheless, if you have an SR-22, you will end up paying more for non owners insurance. The average cost of non owners insurance is 240$. The penalty for using expired insurance or defaulting in payment is the suspension of the driver’s license. Nonetheless, you should know that there are a few tips for cutting the cost. A price comparison will help you identify the most suitable insurance company to get non owners insurance from. Research well to identify reputable and well-established insurance companies that offer non owners insurance, and make your decision based on your budget.
If you don’t own a car, you should have non-owner SR-22 insurance to remain compliant with the law.