If you currently have an owner SR22 filing and decide to sell your car, can you buy SR22 insurance without a vehicle? The answer is yes, but you should contact your insurance provider beforehand to stay in compliance with your SR22 insurance requirement. SR22 without a car is known as non-owner SR22 insurance.
What should I do if I have an SR22 and sell my car?
Don’t assume that you no longer have to carry SR22 insurance because you sold your vehicle. You must maintain SR22 insurance for a period of 3 years in most cases, whether you own a car or not. If your state requires you to have SR22 insurance, you must keep it for the duration of the requirement. If you let your SR22 insurance payments lapse, the DMV will suspend your driver’s license again.
How to buy SR22 insurance without a vehicle
If your SR22 is currently attached to your auto policy and you sell your car, you’ll have to change to a non-owner SR22 policy. Notify your insurance provider before you sell. If they can’t transfer your owner certificate to a non-owner SR22 certificate, contact UltraCar Insurance. In 34 states, we issue a non-owner policies with an SR22 attachment, preventing a lapse in coverage. At the same time, we’ll cancel the SR22 that’s attached to your auto policy.
The good news is that you’ll be able to save money on your premiums when you buy SR22 insurance without a vehicle. Non-owner SR22 insurance is cheaper than owner SR22 insurance since there is no vehicle to insure. Another reason it’s less expensive is that there are limitations to non owner insurance coverage.
What happens when I buy SR22 insurance without a vehicle?
When you buy SR22 insurance without a vehicle, your non-owner policy is secondary insurance. It covers you when driving a borrowed car, in case you cause an accident. The vehicle owner’s insurance pays claims first. Your non-owner SR22 coverage pays any claim amounts that exceed the owner’s insurance.
NOTE TO FLORIDA AND VIRGINIA RESIDENTS: If you don’t own a vehicle and want to reinstate your license after a DUI conviction, you’ll need Non Owner FR44 Insurance.
If you need to buy non owner SR22 insurance, UltraCar Insurance provides competitive non-owner SR22 insurance quotes and quick filing of your certificate. Click the quote button to get started, or call us today!
This article was last updated on February 15th, 2020 by UltraCar Insurance