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. 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. 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.
Today, car insurance providers offer insurance policy for people who don’t own a car. 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. 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. Also, non owners insurance is ideal if you want coverage when operating a car that isn’t yours, 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. However, you should know that non owners insurance will keep you away from trouble 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. To begin with, you need to get non owners SR-22 if you have been cited for driving without valid auto 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. This only applies to drivers who don’t have SR-22. If you have an SR-22, you will pay around 240$ monthly for non owners insurance. 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. You can compare the rates of different insurance providers so that you can reduce this cost. The cost of non owners insurance offered by the company should be financially sustainable.
Therefore, if you want to remain compliant with the law, you should apply for non-owner SR-22 insurance.