Compelling Reasons to Have Non-Owner SR-22 Insurance
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. 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. 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.
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. Also, non owners insurance is ideal if you want coverage when operating a car that isn’t yours, such as a rental car. Normally, SR-22 insurance is usually expensive as you are considered a high-risk driver. Even so, with this type of insurance, you will not have to worry about getting into more trouble with the law.
Why should one apply for non owners SR-22 insurance? There are several reasons why one may be required to file for an SR-22. First and foremost, a non owners insurance is a must-have is you received a citation for driving without 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. 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. 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. 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.
If you don’t own a car, you should have non-owner SR-22 insurance to remain compliant with the law.