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. Every car accident victim that lacks insurance is required to request an SR-22 form from their insurance provider. 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. This is according to the state requirement regarding 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. 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? The need for SR-22 insurance is advised in different situations. 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. It is also advisable to file non owners insurance if you are attempting to reinstate your driver’s license after a suspension.
As compared to traditional car insurance, you will pay less for non owners insurance. This only applies to drivers who don’t have SR-22. Averagely, you will pay around 240$ per month if you have an SR-22. The penalty for using expired insurance or defaulting in payment is the suspension of the driver’s license. There are means through which you can cut your cost on non owners insurance. A price comparison will help you identify the most suitable insurance company to get non owners insurance from. Research well to identify reputable and well-established insurance companies that offer non owners insurance, and make your decision based on your budget.
From the above discussion, you now understand why it is imperative to have non owners insurance.