What Is My Neighbor Paying for Their Colorado Non-Owners SR22 Insurance?
 39, Male, Single, Pueblo Colorado) |
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| Policy Type: Non-Owners SR22 |
| Discounts: Paperless, Auto pay |
| Selected Coverages With Mendota/Advantage Auto |
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| Bodily Injury Liability: $25,000 per person/$50,000 per accident |
| Property Damage Liability: $25,000 |
| Other Rejected Coverages: Uninsured/Underinsured Motorist, Medical Payments |
Customer does not own a vehicle however is required to carry an SR22 in Colorado. He does not own a vehicle or operate any vehicle on a regular basis which is why the non-owners policy was a good fit for this customer. It meets the state requirements for liability insurance as well as allows the additional SR22 form to be added.
Please note that this is only meant as an example and prices may vary depending on several factors.
Total 6 Month Premium: $263.00
Monthly Installments: $39.81
Why would you need a non-owners policy?
A non-owners policy, also known as a non-owner car insurance policy, is designed for individuals who don’t own a car but may need occasional or regular access to a vehicle. Here are some reasons why someone might need a non-owners policy:
- Rental Cars: If you frequently rent cars, a non-owners policy can provide liability coverage when driving a rented vehicle. This coverage typically includes bodily injury and property damage liability.
- Borrowed Cars: If you borrow cars from friends or family on a regular basis, a non-owners policy can provide liability coverage in case of an accident while you’re driving a borrowed car.
- Maintaining Continuous Coverage: Some individuals who don’t own a car but want to maintain continuous auto insurance coverage may opt for a non-owners policy. This can help prevent a coverage gap, which could result in higher premiums when they eventually purchase a car.
- Driver’s License Requirement: In some cases, individuals who have a driver’s license may be required to have insurance even if they don’t own a car. A non-owners policy can fulfill this requirement.
- Coverage for Multiple Cars: If you live in a household with multiple cars, but you don’t own any of them, a non-owners policy can provide liability coverage that extends to all the vehicles in the household.
It’s important to note that a non-owners policy typically doesn’t provide coverage for physical damage to the vehicle you’re driving (collision or comprehensive coverage). Instead, it focuses on liability coverage to protect you in case you cause injury or property damage while driving a borrowed or rented car.