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. 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. If you are not a car owner, you should not worry since applying for non owners insurance is a simple and straightforward 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. 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. One of the reasons why a non-owner may need this type of insurance is that it is required by law to carry insurance. Also, non owners insurance is ideal if you want coverage when operating a car that isn’t yours, such as a rental car. As compared to other types of insurance, non owners insurance is usually expensive since the policyholder is a high-risk driver. 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.
Why should one apply for non owners SR-22 insurance? 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, you should file for an SR-22 if you have been charged with a DWI or convicted for driving without insurance. On this website, you will find out more reasons why non owners insurance may be necessary. In your efforts to reinstate your driver’s license, you need to have a non owners insurance.
As compared to traditional car insurance, you will pay less for non owners 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. You should not be scared by the huge cost, as you can cut by adopting certain strategies. 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.
From the above discussion, you now understand why it is imperative to have non owners insurance.