Non-Owner SR-22 Insurance

While it may sound strange to carry a car insurance policy when you don't own a vehicle, a non-owner auto insurance policy covers you when driving vehicles, you might drive incidentally, such as when borrowing a car from a friend. If you have a car registered in your name, keep a car at your residence, or have been given a car for daily use, these vehicles will not be covered under the non-owner auto insurance. Should you purchase a car or otherwise have a vehicle registered to you or regularly available to you, you must immediately update your insurance agent so you can switch to an owner policy.

The costs of a non-owner auto insurance policy with an SR-22 vary based on several factors, including your driving history and location. The major cost associated with non-owner insurance is the premium. However, the insurance carrier often charges a small fee for filing the SR-22 forms (typically ranging from $15-25 either as a one-time or a recurring fee). Non-owner auto insurance costs vary by state, but because those with a history of traffic and/or DUI violations are considered high-risk, carrying the coverage will generally cost more than a regular non-owner auto insurance policy.

Prices vary according to many factors including your driving record. Non-owner auto insurance policies are generally less expensive than standard auto policies, even with the SR-22 certification. This is primarily because they do not include coverage for the vehicle you drive, and since you don't have a car, you won’t be expected to drive often.

As with any other insurance policy, it's important to always pay your premiums on time. If you fail to pay your non-owner auto insurance premiums, your insurance carrier is required to notify the state immediately. If your policy lapses for any reason, it is likely that the state will re-suspend or revoke your license until you purchase a new policy and file a new SR-22 certification.