Liability Sample Quote: Rating Factors

Liability Sample Quote: Insurance Rate Factors

Discounts Applied to this Liability Sample Quote:

Additional Notes: This person only has has their Driver’s License suspended for 5+ years. They decided they wanted to reinstate, but needed insurance with an SR-22 attached.

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?

An SR-22 is a certificate of financial responsibility that is required in some US states for individuals who have been convicted of certain driving-related offenses, such as driving under the influence (DUI) or driving without insurance. It’s also known as an SR-22 insurance or certificate of insurance.

The SR-22 certificate is filed by the insurance company with the state’s Department of Motor Vehicles (DMV) to provide proof that the individual has the required amount of liability insurance coverage. This certificate may be required for a period of time determined by the state, and failure to maintain the required insurance may result in license suspension or revocation.

It’s important to note that an SR-22 is not an insurance policy itself, but rather a certificate filed by the insurance company on behalf of the policyholder. The individual must have an active insurance policy that meets the state’s minimum liability requirements in order to obtain an SR-22. This liability sample quote had an SR-22 attached.

Why Would A Person Need Insurance If They Don’t Own A Vehicle?

Even if a person doesn’t own a vehicle, they may still need insurance coverage for various reasons, such as:

1. Non-Owner Car Insurance: If the person frequently rents or borrows cars, they may consider getting a non-owner car insurance policy. This type of policy provides liability coverage when driving a car that’s not owned by the policyholder.
2. Personal Liability Coverage: Even if a person doesn’t own a car, they may still be held liable for damages or injuries they cause in an accident. Personal liability coverage can protect them from lawsuits resulting from accidents they cause.
3. Coverage for Rental Cars: If the person rents cars frequently, they may consider purchasing rental car insurance. Rental car insurance can provide coverage for damage to the rental car or liability coverage for injuries or damages caused to others while driving the rental car.
4. Coverage for Borrowed Cars: If the person frequently borrows cars from friends or family members, they may consider getting a non-owner car insurance policy or being added as a named driver on the owner’s policy to ensure they are covered in case of an accident.

In summary, even if a person doesn’t own a vehicle, they may still need insurance coverage to protect themselves from liability and to ensure they are covered when driving a borrowed or rented vehicle.