SR-22 non owner auto insurance

Reader’s Question:

Me and my husband will not going to have a vehicle in a month or so, I just want to know if we need to get a non owners? Is it possible to be on high risk if we do not have an insurance for a month?

Isabel

Thank you for asking Isabel

If you don’t have insurance because you do not own a vehicle, does not make you a ‘high risk.’ Those individuals that constitute ‘high risk’ are individuals like teenagers, a bad driving history, and a bad credit score to most insurance companies. Some companies use credit to help determine risk of the certain individual. According to their statistics, those individuals with good credit history are better drivers and less likely to be involved in accidents than those motorist with bad credit record. Now, it would be best if you and your husband obtain a ‘non-owner’ insurance policy if either of you will be operating someone else’s motor vehicle. This non owner policy will secure coverage for liability, uninsured motorist coverages and medical payments for an individual will be driving a vehicle owned by somebody else and who does not own a car.In addition to that, you may want to check if you can add a car to that insurance policy in the future and turn it from a ‘non-owner’ policy to an “owner’s” policy. In that case, you do not have to cancel this policy and have to start up a brand new.

Goodluck!

MariCAR