When Do You Need Non-Owner SR-22 Insurance?
According to studies, nearly 13% of United States drivers drive without auto insurance. Driving without insurance is a serious traffic offense, and you will suffer severe consequences when 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. Car accident victims without insurance are expected to file for an SR-22 form from the insurance company. For those without a car, you should know that applying for non owners insurance is usually a simple and fast process. Continue reading this article to know when non-owner SR-22 insurance is a necessity.
Today, car insurance providers offer insurance policy for people who don’t own a car. Non-owners insurance is a must-have policy for high-risk drivers. This type of insurance is most used by people who do not own a car. As a non-owner, you need to have this type of insurance since it is required by the law to carry insurance. Besides, if you have rented or borrowed a car, you need to have non owners insurance. Since you are regarded as a high-risk driver, you are likely to pay more for SR-22 insurance. Even so, with this type of insurance, you will not have to worry about getting into more trouble with the law.
When is a non-owner SR-22 a necessity? The need for SR-22 insurance is advised in different situations. To begin with, you need to get non owners SR-22 if you have been cited for driving without valid auto 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. In your efforts to reinstate your driver’s license, you need to have a non owners insurance.
Non owners insurance is usually less expensive as compared to traditional auto insurance. Nonetheless, if you have an SR-22, you will end up paying more for non owners insurance. If you have an SR-22, you will pay around 240$ monthly for non owners insurance. 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. 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.
Therefore, if you want to remain compliant with the law, you should apply for non-owner SR-22 insurance.
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