Liability Sample Quote: Rating Factors

Liability Sample Quote: Insurance Rate Factors

Discounts Applied to this Liability Sample Quote:

Additional Notes: This person did not sign up with discounts.

Disclaimer: The purpose of this page is to showcase an estimate of what insurance may cost an individual with these products and/or circumstances. This is based on a real liability sample quote.

What Is A SR-22?

A Financial Responsibility Form SR-22 is a specific type of document that is required by the Department of Motor Vehicles (DMV) in some states in the United States.

An SR-22 form is a proof of financial responsibility that a driver is required to file with the DMV to have their driving privileges reinstated or to prevent a suspension. It is typically required for individuals who have been convicted of certain driving offenses, such as driving under the influence (DUI) or driving without insurance.

The SR-22 form is issued by the State and shows that the driver has the required minimum amount of liability insurance coverage as mandated by their state. It is the insurance company’s guarantee to the DMV that the driver has adequate coverage, and that the insurance company will notify the DMV if the driver’s insurance policy is canceled, lapses or changes.

It is important to note that an SR-22 form does not provide insurance coverage; it simply provides proof of financial responsibility. The driver is responsible for maintaining the required insurance coverage and making sure the SR-22 is up to date and on file with the DMV for the entire required period of time, which varies by state.

This liability sample quote had an SR-22 attached.

Do I Need Auto Insurance If I Don’t Own A Vehicle?

If you do not own a car, you are not required to have auto insurance in most states in the United States. However, there are some situations where you may still need to purchase insurance or be covered by an insurance policy:

1. If you frequently borrow or rent cars: If you regularly borrow or rent cars, you may want to consider purchasing a non-owner car insurance policy. This type of policy provides liability coverage for you as a driver, rather than for a specific vehicle.
2. If you live with someone who owns a car: If you live with someone who owns a car and you have access to it, you may need to be listed as a driver on their insurance policy.
3. If you use a car-sharing service: If you use a car-sharing service like Zipcar or Uber, the company may provide insurance coverage while you are driving the car.

It is important to note that even if you are not legally required to have car insurance, having coverage can protect you financially in the event of an accident or other incident while driving.