Updated: Mar 4
Are you looking for cheaper non owner car insurance this year? Read our guide on everything you need to know about finding the best quote.
You might be tempted to drive a car, even if you know you shouldn't because you don't have auto insurance.
Did you know that approximately 12.6% percent of people you encounter driving might be in this same boat?
But you might be wondering, if you don't own a car, why would you still need auto insurance?
If you have a suspended license, no insurance, and no vehicle, there's a solution you might want to consider - non owner car insurance.
Non owner insurance is a unique form of coverage that offers the ideal solution for many people. Here is a guide to help you learn more about it and how to save money on a policy.
Factors to Understand About Non Owner Car Insurance
People who've never purchased non owner car insurance might have many questions about it. The main question is, "what is it?"
As the name implies, non owner car insurance is a car insurance product you can purchase if you don't own a car. In fact, you can't buy this type of insurance if you do own a car.
Therefore, this factor excludes many people from choosing a non owner policy. Additionally, you need a driver's license to buy a plan, or the potential to get a driver's license. We'll explain more about that in the next section.
Non owner policies have several features you should understand, including the following.
It Provides Liability Coverage
If you purchase a non owner insurance policy, it won't come with collision or comprehensive coverage, as a non owner policy only provides liability coverage.
Having liability coverage is necessary, though, if you drive. Your liability coverage pays claims for damages to other drivers and their vehicles if you cause an accident.
It Offers a Way to Keep Insurance When You Don't Have a Car
Secondly, non owner insurance offers a way to keep auto insurance in your name when you don't own a car. If you don't have a car, you can't purchase a traditional auto insurance plan.
You Can Use It Even if You Need SR22
Next, non owner insurance is ideal if you need SR22 coverage. SR22 coverage is a requirement many drivers have for keeping their license or getting it back after a suspension.
You May Pay Less Money for Coverage
Finally, a non owners plan might cost less. This happens primarily because these policies don't cover a specific car. Instead, they cover the driver of the car only.
Common Situations That Lead to a Person Needing It
As you can imagine, a person in between cars or permanently without a vehicle might need non owner insurance, but there are other reasons people need it.
Here are a few reasons.
To Reinstate a Suspended License
If the state suspends your driving privileges, they will likely set requirements you must meet to get the license reinstated. One of these might be purchasing an auto insurance policy.
If you don't have a car and need this to get your license back, you could look for a non owner plan. When you need a way to reinstate your license, you can also consider some other tips to help you achieve this goal.
To Avoid Losing Your Driver's License
There are also times when a person could lose their license if they don't buy auto insurance. If you face this risk but don't have a vehicle, you can buy a non owner plan to meet the requirement.
To Prevent a Gap in Coverage
Some people choose non owner policies to prevent having a gap in their insurance coverage. If you want to prevent this gap during a period when you don't have a car, you can turn to a non owner policy.
To Safely Borrow Cars From Other People
Finally, if you ever decide to ask your friends or family to borrow their vehicles, they might agree to it if you have insurance. After all, if you don't have insurance and are a high-risk driver, they might be hesitant to let you.
Why SR22 Is Often Needed With It
People who seek non owner car insurance might need SR22 coverage with it. So, what is SR22, you might ask?
SR22 is a high-risk form of auto insurance that people commonly need when they face a suspended driver's license. SR22 doesn't actually cover you with insurance, but it proves you have insurance.
When you need SR22 insurance, you will know. The Department of Motor Vehicles (DMV) will send you a letter. The court might also notify you, or your lawyer might tell you. In any case, you won't be left wondering about it.
Why People Need It
States require SR22 for the protection of other people. When a person is a high-risk driver, they might be more inclined to drive under the influence or without insurance. They might also speed more and break driving laws.
If a driver does any of these things, it puts others at risk. Therefore, to reduce these risks, states might require SR22 for these types of drivers. If they don't get the SR22 coverage, they can't drive.
Buying SR22 insurance costs more than traditional policies, primarily because it's riskier for insurance companies, but if you need it, you need it.
The good news is that you can combine SR22 coverage with a non owner policy if you need both. Insurance companies call this a non owner SR22 auto insurance policy.
When you buy a non owner SR22 policy, you'll have the liability protection you need and the SR22 coverage the state requires of you.
How to Get the Best Rates
While non owner auto insurance costs less than traditional coverage, SR22 costs more. However, when you combine these two, you might pay about the same as you would for a regular auto insurance policy.
As a driver, you can compare car insurance rates to find a cheap SR22 insurance plan. Comparing rates is the only way you'll find out how much different companies charge for coverage.
What You Need for a Quote
As you prepare to do this, you'll need the right information to get the policy. The first thing you'll need is your driver's license, as the insurance company will ask for the number on it.
If you don't have a license, you can explain that you need insurance coverage to get your license back. Generally, you can get insurance in this situation if you have the right evidence.
You might also need proof of residency and your social security number. If you want a non owner policy, they will ask you if you own a car or have one registered in your name. If you do, you can't probably buy a non owner policy.
How to Comparison Shop
Once you're ready to find a cheap policy, you can shop around for quotes. You might want to start by searching for companies that offer SR22 non owner plans.
Next, you can read their reviews and call them for a quote. You can also request a quote online if you prefer.
When you receive the quotes, you can compare the rates from these various companies.
How to Protect Yourself in the Future
Purchasing auto insurance is always a smart idea if you want to drive a vehicle, and you can choose the right policy type for your needs. If you need a non owner SR22 plan, then it will be helpful to buy that type.
Once you get insurance coverage, you may want to learn how to protect yourself in the future. Here are a few tips that can help you with this.
Always Keep a Policy
The first way to protect yourself is by always keeping an auto insurance policy. While your needs might change with the coverage you have, you should always have a policy.
You can update your plan as often as necessary to reflect changes in coverage, vehicles, or risk.
Avoid Gaps in Your Coverage
If you ever want to switch providers, start your new insurance plan before canceling your current one. If you do this, you can avoid gaps in your coverage. Gaps in coverage lead to higher rates.
Drive Safely and Follow the Law
Finally, you should focus on driving safely. The main way to do this is by following the law.
If you avoid speeding, driving under the influence, and driving without insurance, you might prevent further problems with your license. The result of this will be lower rates on your auto insurance policy.
Contact Us for a Quote
When you learn more about a non owner car insurance policy, you might realize that you need one or that you're paying too much for your policy. In either case, you can contact us.
At SR22 Savings, we specialize in offering the best SR22 policies and non owner car insurance plans around. We offer competitive rates and can help you get the coverage you need.
If you live in Arizona, Nevada, California, or Texas, contact us for a free quote!