Three Types Of Sr-22 Car Insurance

Published by Michael Hoban on

If you are a high-risk driver, had a DUI conviction recently, or drove on a suspended or revoked license, then you likely need Sr-22 car insurance. But before you purchase it, you should know the three types of Sr-22 car insurance. There is a non-owner policy, the owner’s policy, and an owner-operator’s policy. Each of these policies has advantages but some may be more specific to your needs. The post will discuss each type and who fits it best. 

Owner’s Policy

When purchasing a Sr-22 policy, consider whether you own a vehicle or vehicles. If you own at least one vehicle, this policy may be best for you. However, if you sell your vehicle and obtain a nonowner’s policy, you could save more on insurance. 

Non-Owner’s Policy

With a nonowner’s policy, a person who does not own a car can still take out a Sr-22 car insurance policy. A non-owner policy allows a person to operate a rental car or borrow a car, and often costs less. Since the person doesn’t own a car, they typically drive less, which keeps costs down.

Owner-Operator’s Policy

The final type of Sr-22 car insurance is an owner-operator’s policy. This policy is a combination of non-owner and owner’s policy. It allows drivers to operate any vehicle regardless of ownership, however, it is the most expensive. 

Take-Home Message

Regardless of the type of Sr-22 car insurance you go with, obtaining a policy is not difficult. It comes down to finding the specific type for your needs and filling it with your insurance company. If you own a car, think about the owner’s policy. If you do not own a car, but do drive, then a nonowner’s policy might be best for you. If you are someone who owns a car and drives other cars, then an owner-operator’s policy fits your needs best.