Minnesota drivers who want to reinstate their driver’s license but do not own a vehicle must purchase a Minnesota non owners insurance policy. Depending on the offense, the Minnesota DMV may set a waiting period before license reinstatement. For instance, a DUI offense generally have a 30- to 180-day waiting period before license reinstatement after all fines and fees have been paid by the driver.
Minnesota non owners insurance is not an actual policy; it is an SR22 certificate of financial responsibility form that must be filed with the Minnesota Department of Motor Vehicles prior to reinstatement of an individual’s driver’s license. The Minnesota SR22 non owner certificate is a guarantee to the state that the SR22 non owners insurance policy will remain valid for the mandated period of time. Most drivers will be required to maintain Minnesota non owners insurance for a period of three to five years. The policy is monitored closely by the insurance provider to ensure that it does not lapse, expire or get canceled. If it does, the insurance provider is required to notify the Minnesota DMV by submitting an SR26 form, and the individual’s license will be suspended again.
Minnesota non owners insurance is liability-only coverage for drivers who do not own a vehicle. It is a secondary policy that covers the driver while they are operating a vehicle owned by another person. If the policyholder has an accident in which he/she is at fault, the vehicle owner’s primary insurance pays claims until it reaches its coverage limits. If claims exceed the vehicle owner’s primary insurance coverage, the Minnesota non owners insurance policy pays those claims.
Facts about Minnesota non owners insurance:
- It is only for people who do not own a vehicle
- It is written for one person only
- It does not cover household vehicles
- It does not cover rental or commercial vehicles
- The policy is a liability only coverage
Instances in which drivers may be required to carry Minnesota non owners insurance (not a complete list):
- Uninsured accidents
- Refusing to take a breath or blood alcohol test
- DUI or DWI offenses
- Too many points against a driver’s DMV record
- Child support or neglect cases
- Legal judgments
UltraCar Insurance quickly provides Minnesota non owner SR22 insurance quotes with reasonable rates. When you need Minnesota non owners insurance, call or submit our secure online form today!