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. 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. 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. This type of insurance is most used by people who 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. 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.
When is a non-owner SR-22 a necessity? 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, 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. 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 cheaper than traditional auto insurance policies. Nonetheless, if you have an SR-22, you will end up paying more for non owners insurance. If you have an SR-22, you will pay around 240$ monthly for non owners insurance. The penalty for using expired insurance or defaulting in payment is the suspension of the driver’s license. 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. 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.