Research shows that about 13% of drivers in the United States drive without auto insurance. Driving without insurance is a serious traffic offense, and you will suffer severe consequences when 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. For those without a car, you should know that applying for non owners insurance is usually a simple and fast process. Keep reading this article to learn more about non owners insurance.
In this era, a majority of auto insurance companies provide insurance policies for people who don’t own a car. Non-owners insurance is a must-have policy for high-risk drivers. Every driver that doesn’t own a car is considered a high-risk driver. 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. Since you are regarded as a high-risk driver, you are likely to pay more for SR-22 insurance. However, you should know that non owners insurance will keep you away from 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. First and foremost, a non owners insurance is a must-have is you received a citation for driving without insurance. Also, if you have been charged with a DUI or you have been convicted for driving without insurance. On this website, you will find out more reasons why non owners insurance may be necessary. It is also advisable to file non owners insurance if you are attempting to reinstate your driver’s license after a suspension.
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.
If you don’t own a car, you should have non-owner SR-22 insurance to remain compliant with the law.