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Need SR-22 Insurance, But Don’t Own A Car?

You may have failed to follow the rules of the road and now you are classified as a high-risk driver. As a high-risk driver, you are required to obtain SR-22 Insurance for a certain period of time. SR-22 Insurance is not exactly insurance.  It is a filing that your auto insurance company makes with the state to demonstrate that you have adequate insurance coverage. You may be wondering do you still need it if you own a car.  You may want information on non-owner SR-22 Insurance and how to reduce your auto insurance rates once your SR-22 period has ended.

Why Does Someone Need SR-22 Insurance?

If you have been classified as a high-risk driver by the Department of Motor Vehicles (DMV) under the laws and rules of your state, you may be required to obtain SR-22 Insurance.  Some reasons that you may have been classified as a high-risk driver include the following:

  • A DUI conviction
  • Multiple moving violations
  • A reckless driving violation
  • A serious accident with bodily injury
  • Multiple small accidents
  • Driving without insurance
  • Driving with a suspended license
  • Situations that have caused your drivers license to be suspended or revoked     
  • Shop around until you find the cheapest one

>>MORE: SR-22: What is it? Do you need it? and where can you get it?

How Long Do I Need To Carry SR-22 Insurance?

Your state and your state’s DMV determine how long you need to carry SR-22 Insurance.  The infraction that you committed to be required to carry the insurance can have an impact on how long you need to carry this type of insurance certification as well.  Typically, your state requires you to carry SR-22 Insurance for between one and five years.

You will be notified of the required time period at the same time that you are notified that you need SR-22 Insurance.  It is important for you to keep track of this time period, including when it is set to begin and when it ends. Make sure that you keep the required SR-22 Insurance for the required length of time regardless of whether you drive.  Failure to do so can result in more time being added on to your SR-22 requirement as well as your driver’s license being suspended or your car registration being revoked.

When you have completed your required time period with SR-22 Insurance, you should notify your state DMV.  Your state and/or the DMV may send you a notification that your required time period is up as well. You next need to notify your auto insurance company.  Your insurance company will then file a SR-26 on your behalf to end your SR-22 Insurance period. At this point, you may qualify for lower rates from your current insurance company or another one.  Make sure to ask your auto insurance agent about rate decreases.

>>MORE: Can I Insure A Car That I Don’t Own?

What If I Don’t Own A Car During This Period?

If you do not have a car to drive during your SR-22 Insurance period, you still have to obtain the SR-22 Insurance as required by law and pay for it for your time period to start to toll.  Therefore, you actually do want to get the SR-22 Insurance as soon as you are required by law to carry it. If you do not have a car and do not drive, you can purchase Non owner SR-22 Insurance.

It is important to note that, if your driver’s license has been suspended, you may be required to have SR-22 Insurance in order to begin the process of getting your license reinstated.  This does not mean that you are allowed to drive a motor vehicle while you do not have a license. In this instance, you want to purchase Non owner SR-22 Insurance.

Non owner SR-22 Insurance is also a way for you to save money.  If your DMV classifies you as a high-risk driver, your car insurance rates can skyrocket.  Non owner SR-22 Insurance is significantly cheaper that regular SR-22 Insurance which can make car insurance more affordable.

MORE: Why is SR-22 insurance usually more expensive?

Requirements For Non Owner SR-22 Insurance

If you have Non owner SR-22 Insurance, you are not allowed to own a vehicle or have access to one to drive regularly.   With Non owner SR-22 Insurance, you still are able to drive occasionally, however, it must be infrequently. Non owner SR-22 Insurance must meet your state’s liability minimum requirements.  In fact, this type of insurance typically only includes liability.

In order to obtain Non owner SR-22 Insurance, not only can you not own a vehicle yourself, you cannot have accessible vehicles in your household.  This means that you cannot live with a family member who has a registered vehicle. Furthermore, you must not be subject to an ignition interlock device requirement.

Where Can I Buy A Non-Owner SR-22 Insurance Policy

Depending on your underlying infraction, you may not be able to get SR-22 Insurance, even Non owner SR-22 Insurance, from a preferred auto insurance agency.  This does not mean that this type of auto insurance is difficult to find. There are a number of auto insurance agencies that offer Non owner SR-22 Insurance.  

One place to begin looking for Non owner SR-22 Insurance is from OnGuard Insurance.  OnGuard Insurance is an online auto insurance broker which promises to get you fast and free Non owner SR-22 Insurance quotes from multiple insurance companies.

>>MORE: The pros and cons of buying car insurance from an insurance broker

Furthermore, even though most preferred auto insurance companies may shy away from offering high-risk driver insurance, some large companies are known to offer Non owner SR-22 Insurance. The companies include, GEICO, State Farm, and Progressive. In fact, GEICO is known to offer great rates for Non owner SR-22 Insurance.

>>MORE: Non-Owner Car Insurance: Who Offers It? How Much Does It Cost?

Tips To Find Cheap Non-owner SR-22 Insurance

Non owner SR-22 Insurance is not that expensive compared to traditional SR-22 Insurance.  This is due to the fact that you must rarely drive to obtain this type of insurance. So long as you meet the requirements for not having regular access to a car, the rate should be less than $1000 a year, depending on your state liability minimum and the limits that you purchase.  Due to the inexpensive nature of this type of insurance, auto insurance agents recommend that you get 100/300/100 liability with your Non owner SR-22 Insurance policy.

Tips to Decrease Your Car Insurance Premium After the SR-22 Requirement Expires

After your SR-22 requirement expires, you want to have this filing removed as soon as possible.  If you are not contacted immediately upon the expiration of your required time period, contact your state’s DMV to let them know.  Get verification that you have satisfied your SR-22 requirements. Give this notification to your insurance company. Make sure that your auto insurance company files the requisite SR-26 to have the SR-22 filing removed.  

If you have auto insurance through a car insurance company that insures high risk drivers, you want to shop around for a more traditional auto insurance company that will offer you better rates.  If the underlying offense that was the reason for the SR-22 filing is still on your driving record, it may be difficult for you to obtain good rates until it falls off. But the good news is that it probably will fall off your driving record in time.  If you do not have an SR-22 filing requirement, you can shop for the best rates on car insurance for you just like any other driver. Be sure to comparison shop with 3-5 car insurance companies to find the cheapest quote.

>>MORE: Who has the cheapest car insurance?

Final Word

If you have been required to purchase SR-22 Insurance, you want to purchase it as soon as possible even if you do not have a car to drive.  If you do not have a car and you don’t have access to one in your household, you may want to purchase Non owner SR-22 Insurance to save money. Non owner SR-22 Insurance is a more affordable form of SR-22 Insurance that allows you to meet your DMV filing requirement. However, you can only drive occasionally to rarely to own this type of insurance.   This type of insurance is available through auto insurance companies that insure high-risk drivers as well as some larger insurance companies. If you want to go with a well-known auto insurance company, try GEICO which is known for offering great rates on Non owner SR-22 Insurance.  

Once your SR-22 requirement expires, you want to have the filing lifted as soon as possible.  Contact the DMV and your insurance company immediately with the proper paperwork. You may also want to shop around for better insurance rates now that you are no longer required to file auto insurance verification as a high-risk driver.

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