When Do You Need Non-Owner SR-22 Insurance?
Studies show that about 13% of drivers in the US 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. It is mandatory for car owners to have a third-party insurance policy to protect the passengers and other road users. 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.
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. This type of insurance is most used by people who do not own a car. The law states that a non-owner should have this type of insurance, and this is one of the reasons why you should invest in it. Besides, if you have rented or borrowed a car, you need to have non owners insurance. As compared to other types of insurance, non owners insurance is usually expensive since the policyholder is a high-risk driver. However, you should know that non owners insurance will keep you away from trouble with the law.
When is a non-owner SR-22 a necessity? The need for SR-22 insurance is advised in different situations. 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. It is also advisable to file non owners insurance if you are attempting to reinstate your driver’s license after a suspension.
Non owners insurance is usually less expensive as compared to traditional auto insurance. This only applies to drivers who don’t have SR-22. 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. Always check the rates of different auto insurance providers to save money on your non owners insurance policy. The cost of non owners insurance offered by the company should be financially sustainable.
If you don’t own a car, you should have non-owner SR-22 insurance to remain compliant with the law.