When Do You Need Non-Owner SR-22 Insurance?
Studies show that about 13% of drivers in the US drive without auto insurance. Driving without valid insurance is not only illegal but will also subject you to severe consequences in the event of an accident. The most important insurance policy that every car owner should have is third-party insurance coverage to protect passengers and road users in the event of an accident. 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. Keep reading this article to learn more about non owners insurance.
Today, car insurance providers offer insurance policy for people who don’t own a car. This is according to the state requirement regarding high-risk drivers. Non-owner insurance is insurance coverage for high-risk drivers that 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. 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. In as much as non owners insurance is costly, you will enjoy peace of mind as you will not have to worry about issues with the law.
When is a non-owner SR-22 a necessity? You should know that are many reasons for having SR-22 insurance. 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 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. 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.
From the above discussion, you now understand why it is imperative to have non owners insurance.