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. 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. Continue reading this article to know when non-owner SR-22 insurance is a necessity.
In this era, a majority of auto insurance companies provide insurance policies 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. Every driver that doesn’t own a car is considered a high-risk driver. 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. 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.
What are the reasons for having non owners SR-22 Insurance? 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. Nonetheless, if you have an SR-22, you will end up paying more for non owners insurance. 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. Establish if you can afford to pay the premiums before committing to a non owners insurance policy.
Therefore, if you want to remain compliant with the law, you should apply for non-owner SR-22 insurance.