Compelling Reasons to Have Non-Owner SR-22 Insurance
According to studies, nearly 13% of United States drivers 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. 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. Car accident victims without insurance are expected to file for an SR-22 form from the insurance company. If you are not a car owner, you should not worry since applying for non owners insurance is a simple and straightforward process. Keep reading this article to learn more about non owners insurance.
A new insurance policy that is offered by car insurance providers is non owners insurance. 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. Besides, if you have rented or borrowed a car, you need to have non owners insurance. 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.
What are the reasons for having non owners SR-22 Insurance? The need for SR-22 insurance is advised in different situations. For instance, if you have received a citation for driving without insurance, it is important to apply for SR-22 insurance. Also, you should file for an SR-22 if you have been charged with a DWI or convicted for driving without insurance. This page highlights more scenarios where one needs to apply for non owners SR-22 insurance. It is also advisable to file non owners insurance if you are attempting to reinstate your driver’s license after a suspension.
As compared to traditional car insurance, you will pay less for non owners insurance. The cost of non owners insurance is usually a little bit high for people who don’t have an SR-22. If you have an SR-22, you will pay around 240$ monthly for non owners insurance. In case your insurance policy lapses or your default in making the paying, your driver’s license will be suspended. You should not be scared by the huge cost, as you can cut by adopting certain strategies. 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.
Therefore, if you want to remain compliant with the law, you should apply for non-owner SR-22 insurance.