If you want to reinstate your driver’s license and don’t own a vehicle, you’ll need to buy Colorado non owner SR22 insurance. The state will require you to carry non owner SR22 insurance for a certain period of time, depending on the circumstances of your suspension. If you’re required to have SR22 insurance and are caught driving without it, your license will be suspended again.
What is Colorado non owner SR22 insurance?
Colorado non owner SR22 insurance is not written on a vehicle; it’s written to cover you while driving a vehicle you don’t own. Non owner SR22 is a high risk insurance insurance certificate that’s endorsed to a non-owner insurance policy. Coverage is liability only. Because a non owner policy doesn’t insure a vehicle, it can’t include comprehensive or collision coverage.
You’ll have to maintain this insurance for one to three years, depending on your situation. During this time the policy/certificate is monitored to make sure it doesn’t lapse or get canceled. If it does, your insurance provider submits an SR26 form to the Colorado DMV, notifying them that you are no longer insured. As a result, your license will be suspended again.
SR22 non owner insurance coverage does not include rental, commercial or employment related vehicles; vehicles driven frequently; or vehicles owned by others in your household.
How does non owner SR22 insurance work?
Colorado non owner SR22 insurance is secondary insurance coverage. In the event of an at-fault accident, it pays claims that exceed the vehicle owner’s primary auto insurance coverage. Non owner SR22 insurance only pays claims of the other party injured in an accident, damage to their vehicle or other property damage. It will not pay for damage to the car you were driving or to passengers who may be injured in the car you were driving. Therefore, it’s extremely important to confirm that any car you drive is insured by the owner.
What if I buy a car?
Your policy can be easily switched to an SR22 owner-operator policy if you buy a vehicle. You’ll need to contact your insurance agent with the vehicle information so it can be endorsed to the new policy. In most cases the premium will increase when a policy is changed from a non owner to an owner-operator policy. The amount of increase depends on the type of vehicle, year make and model.
For more information about the reinstatement process, see the Colorado DOR website.
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