Drivers who need SR22 insurance often wonder how much coverage will cost, especially if they do not own a vehicle. The good news is that Non Owner SR22 Insurance is usually less expensive than a traditional auto insurance policy because it only provides liability coverage.
However, rates can still vary depending on several factors.
What Affects Non Owner SR22 Rates?
Insurance companies look at several things when calculating premiums, including:
- Driving history
- DUI or traffic violations
- Age and location
- Previous insurance lapses
- State filing requirements
Drivers with multiple violations may pay more than drivers with only a single incident.
Why Non Owner SR22 Insurance Is Often Cheaper
Since the policyholder does not own a vehicle, insurance companies are generally assuming less risk compared to a standard auto policy. Non owner policies typically only include:
- Bodily injury liability
- Property damage liability
- SR22 filing
They usually do not include:
- Collision coverage
- Comprehensive coverage
- Coverage for a personally owned vehicle
How to Save Money on Non Owner SR22 Insurance
Drivers may be able to lower costs by:
- Comparing multiple insurance companies
- Maintaining continuous coverage
- Avoiding additional traffic violations
- Paying premiums on time
Independent insurance agencies can often help drivers compare rates from several carriers.
Fast Non Owner SR22 Quotes
Many drivers need SR22 coverage quickly so they can begin the license reinstatement process. Independent agencies can often provide same-day quotes and SR22 filings.
Learn more here:
Upstate’s Choice Insurance