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Broad Form Vehicle Insurance

Broad form vehicle insurance

If you need an SR22 filing, is broad form vehicle insurance a good option for you? Our agents can help. Call us today!

Broad form vehicle insurance

Last updated on April 5th, 2020 by

In some states, you can buy broad form vehicle insurance. This type of insurance covers one named-operator policyholder only. You can purchase it whether you own a vehicle or not. Broad form insurance is a cheaper way to file an SR22 certificate, but it has severe limitations. If you don’t own a car, the policy covers you when you drive a borrowed vehicle. If you own a car, it covers you when driving any vehicles you own.

In several states, you can purchase broad form vehicle insurance as a way to file an SR22 certificate for license reinstatement. Broad form insurance covers a single policyholder, rather than insuring a particular vehicle. In most cases, people purchase this kind of policy as non owner SR22 insurance without a car. Your state of residence and an insurance company’s underwriting determine whether you can buy this type of insurance as a non owner or auto owner’s policy.

Broad form vehicle insurance has strict limitations:

When you need SR22 insurance, it can be tempting to buy a broad form policy because of its low cost. But you need to know some facts to avoid the possibility of severe financial repercussions.

  • Broad form insurance covers ONLY you when driving a car you own, or or one borrowed with the owner’s permission.
  • It does not provide coverage for anyone else to drive your vehicle. You cannot let anyone else drive your car for any reason.
  • Coverage does not apply if you drive a motor home or motorcycle, or when driving for business purposes.
  • It does not cover damage to any vehicles you own or borrow to drive or to any company cars you operate.
  • This type of policy provides liability-only coverage. It does not include comprehensive, collision, or uninsured/underinsured motorist coverage.

What’s the best kind of SR22 policy if I own a car?

To avoid a rate increase on your current auto policy, you can purchase broad form SR22 insurance as a non owner policy. Doing this keeps the SR22 separate from your present auto insurance. If your insurance company can’t add an SR22 to your current auto policy, a broad form or regular non owner SR22 policy may be a suitable alternative.

Which states offer broad form vehicle insurance?

UltraCar Insurance writes broad form policies in the states listed below. This insurance can be written as a stand-alone policy or with an SR22 endorsement.

Insurance regulations vary from state to state. Talk with an experienced UltraCar Insurance agent to find out if broad form vehicle insurance is a suitable option for you.

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