I Need an SR22 but Don’t Own a Car: Here’s What You Need to Know
If you don’t own auto insurance and cause an accident you now have to face any charges that come with that. For the majority of people, they have auto insurance to protect them against most, if not all, charges.
Yet, not all people who drive have auto insurance. That’s where SR22 insurance comes in. You may find yourself asking the question, I need an SR22 but don’t own a car, what do I do? The great thing is, SR22 insurance can cover you even if you don’t own the car you’re driving!
Below we will review what SR22 insurance is.
What Is SR22 Insurance?
To start, SR22 isn’t technically insurance. It’s a policy/certificate that proves you’re insured.
You need it after you’re convicted in court due to some form of violation. For those who don’t own a car, this applies to any vehicles you rent or borrow. It’s any vehicle you don’t own.
For example, repeat traffic violations, having a revoked/suspended license, or DUI/DWI. The one you’re most likely to run into is not having insurance. This applies when you’re operating the vehicle or if you have an accident while you’re driving.
This policy will allow the state to monitor your insurance status. They’ll be up to date on whether you keep up with your payments or if you lapse on your auto insurance.
If the court orders you to get SR22 insurance your license will be suspended. You won’t be able to drive again until you get the policy and are cleared.
Generally, you’ll be required to have this policy filed for three years.
You may be confused about why you need SR22 insurance if you don’t have auto insurance. As part of the process, you’ll be required to get auto insurance. That’s where non-owners SR22 insurance comes in.
Non-Owners SR22 Insurance
In most states, some form of car insurance is required if you’re going to be operating a vehicle. Yet, there are a couple of exceptions.
For example, New Hampshire and Virginia don’t make it mandatory to get auto insurance. In some states, all you have to do is prove you are financially responsible (e.g. in the form of bonds). This can make you exempt from buying auto insurance.
You may be someone who drives now and again, but it isn’t the norm for you. If you don’t have auto insurance you could find yourself paying a lot of money out of pocket. You’ll be paying for any damages/injuries that occurred if there was an accident.
What’s worse, if auto insurance is mandatory and you don’t have it, you could be facing even more penalties.
Non-owners SR22 insurance helps pay liability claims if you cause an accident. This only applies if you cause any injuries to another person or property damage.
If you want more coverage, you can get an Operator’s Certificate. This protects you if you’re injured in an accident that was caused by another individual. This kicks in if that other driver can’t cover the liability insurance.
Moreover, you can buy an Owner’s Certificate which will cover any vehicle you own (if you come to own one). Alternately, you can get an Operators-Owners Certificate. This covers all owned and non-owned vehicles.
Finally, you may be able to get medical coverage or personal injury coverage. This is completely dependent on what state you live in. Contact your insurance agency to learn what is and isn’t covered.
How to Apply for SR22 and Non-Owners SR22 Insurance
You can get a quote or contact your insurance provider to find the policies that best suit your needs. When you contact them, check to see what they qualify as a non-owned car. You may not be eligible if your vehicle is seen as being regularly used by you.
Moreover, not every insurance agency provides both the SR22 and non-owners SR22 insurance. Make sure that is one of the questions you ask your insurance provider.
On top of that, your agent should be able to tell you how much the coverage will cost you. This will allow you to compare rates and see what the best option for you is.
Cost of SR22 and Non-Owners SR22 Insurance
The price for the insurance can vary based on your vehicle record, age, sex, gender, and where you live. Generally, SR22 insurance is more expensive because you’re considered a higher risk driver.
You’ll need to pay a fee for the filing of your SR22 insurance. This is generally around $15-$25. Moreover, you’ll have higher car insurance premiums because of your higher risk status.
Non-owners SR22 Insurance is a form of liability insurance. This means it’ll cost around the same amount as that form of insurance. Of course, you may have higher rates based on the reason you’re applying for the insurance.
Liability insurance can cost anywhere between $200-$700. On average, it’ll cost you about $450 each year.
Every state has a minimum liability limit. For example, in Illinois, the yearly protection coverage rate is 25/50/20.
This means it offers $25,000 for injuries incurred by an individual (or in the worst case, death) per accident. $50,000 is covered for two or more injuries incurred per accident. What’s more, it covers $20,000 for any property damage that happens per accident.
Not bad for only paying $450 a year.
Help! I Need an SR22 but Don’t Own a Car!
Hopefully, your question (I need an SR22 but don’t own a car, what do I do?) has been answered. If possible, you may want to get auto insurance before you need to get SR22 insurance. You won’t have to worry about spending tons of money due to not having insurance in the first place.
Contact us today to learn how to get cheap SR22 insurance even when you don’t own a car.
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