Why You Should Have Non-Owner SR-22 Insurance
Research shows that about 13% of drivers in the United States 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. It is mandatory for car owners to have a third-party insurance policy to protect the passengers and other road users. Car accident victims without insurance are expected to file for an SR-22 form from the insurance company. 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. 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. 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.
When is a non-owner SR-22 a necessity? There are several reasons why one may be required to file for an SR-22. To begin with, you need to get non owners SR-22 if you have been cited for driving without valid auto insurance. Also, you should file for an SR-22 if you have been charged with a DWI or convicted for driving without insurance. 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.
Non owners insurance is usually less expensive as compared to traditional auto 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. 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. You can compare the rates of different insurance providers so that you can reduce this cost. Establish if you can afford to pay the premiums before committing to a non owners insurance policy.
From the above discussion, you now understand why it is imperative to have non owners insurance.
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