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. 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. In case you don’t own a car, you can easily apply for non owners insurance. Below, you will discover the reasons to have non-owner SR-22 insurance.

A new insurance policy that is offered by car insurance providers is non owners insurance. 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. 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. 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? 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. Additionally, a history of drunk driving or bad driving record requires an SR-22. On this website, you will find out more reasons why non owners insurance may be necessary. 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. Averagely, you will pay around 240$ per month if you have an SR-22. Defaulting in making the payment can lead to your driver’s license getting 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. Research well to identify reputable and well-established insurance companies that offer non owners insurance, and make your decision based on your budget.

Therefore, if you want to remain compliant with the law, you should apply for non-owner SR-22 insurance.