Why You Should Have Non-Owner SR-22 Insurance
Studies show that about 13% of drivers in the US drive without auto insurance. Driving without valid insurance is not only illegal but will also subject you to severe consequences in the event of an accident. A third-party insurance coverage is a must-have for every car owner to avoid the financial burden of compensating injured passengers. 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. As a non-owner, you need to have this type of insurance since it is required by the law to carry insurance. The need for non owners insurance is emphasized for individuals that drive cars that aren’t theirs, 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. 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? 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. Additionally, a history of drunk driving or bad driving record requires an SR-22. Click here to learn more about why non-owners SR-22 is 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. 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. 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. 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.
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