The Complicated World of Insurance Made SimpleThe Complicated World of Insurance Made Simple

About Me

The Complicated World of Insurance Made Simple

When I bought my first home, I had a real estate agent lead me through the entire home-buying process. This made it simple and easy for me. However, when it came time to choose a homeowners insurance policy, I became very confused about what made up a good policy. I started by doing a lot of online research into what homeowners insurance features were needed in my area and then finally called an agent who led me step-by-step through choosing the policy that was best for me and my home. I learned a lot during my research and time spent talking to my agent. I have also learned a lot about other types of insurance over the years, so I thought I would start a helpful blog all about insurance. I enjoy helping others, so come back often for new tips!


Latest Posts

The Benefits Of Home Insurance: Protecting Your Biggest Investment
3 January 2024

As a homeowner, safeguarding your biggest investme

Signs You Need to Update Your Home Insurance Policy
17 November 2023

If you're a homeowner, having the right home insur

The Necessity of Insurance for Small Businesses
13 September 2023

In the world of small businesses, insurance is oft

Choose The Right Home To Reduce Your Home Insurance Premium
20 July 2023

Insurance companies charge premiums based on profi

Auto Insurance Coverage: DUI Citation
30 May 2023

Receiving a DUI (Driving Under the Influence) cita

SR-22 Insurance For A Person Who Doesn't Own A Car

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.