It is very common for a person to need to purchase SR-22 auto insurance after he or she gets a DUI or any other type of major driving violation like this. SR-22 insurance is a high-risk form of auto coverage that will cost more money than a traditional policy. If you need this coverage but do not even own a car, you might be wondering if you still need the coverage, and if so, what you should expect from it. If you are in this situation, here are a few things you should understand.
Having SR-22 is a requirement for a time period
When a person is required to have SR-22 insurance, the most important thing to understand is that this requirement is for a specific, stated time period. It might be a time period of three years, or it might be longer than this, but it will always be for a stated amount of time. To complete this time frame, the person must carry a policy consecutively for the period of time required, whether or not the person owns a car. Owning a car does not matter because having SR-22 insurance is a requirement either way.
You will pay lower rates if you do not have a car
The good news is that when you purchase SR-22 coverage without owning a vehicle, you will pay lower rates since you are not insuring a car. You are really only insuring yourself if you drive another car. When you do not own a car and need this coverage, you would purchase a non-owner SR-22 insurance policy. This means that you have insurance coverage, in the form of SR-22 coverage, but you are not insuring a car. Having a non-owner policy would still qualify as SR-22 insurance for the time period required when you need SR-22 coverage.
Failing to purchase the policy could affect your driver's license
One last thing to understand is that if you do not purchase SR-22 coverage when you are supposed to, you take the risk of losing your driver's license. If this is required, you have to purchase a policy. If you do not, the DMV could revoke your privilege to drive.
When you are told to purchase SR-22 insurance, you should contact an insurance company to buy a policy quickly because you will only have a limited amount of time to get it done.
For more information, contact an auto insurance company.