SR22 Insurance Without A Vehicle

SR22 Insurance Without A Vehicle

Have you been informed by your state DMV that your drivers license has been suspended until you buy sr22 insurance but you are without a vehicle. Not to worry there are options available to you to  comply with with your states insurance requirement even if you do not own a vehicle.

Types Of SR22 Insurance Without a Vehicle

Non Owner sr22 Insurance:

A non owner sr22 insurance policy is the type of policy most people purchase when in need of a sr22 insurance filing to satisfy the state DMV. Just like the name sounds a Named Non Owner Insurance policy is for people that do not own a vehicle. The coverage follows you when you are driving private passenger vehicles that you have no ownership in. You and only you are insured on the policy. If DMV is requiring SR22 insurance a non owner policy will help you reinstate your driving privilege by adding a sr22 certificate to the policy. This state mandated action to carry sr22 auto insurance applies to suspended drivers whether they own a vehicle or not.

You will be required to purchase at least your states minimum liability coverage to have the insurance company file the sr22 with the  DMV. Find contact information for your state DMV here You can buy more liability than the state requires and you can also add Uninsured Motorist Liability to the Non Owner Policy. However there is no Physical Damage Coverage available on a non owner sr22 policy. If you rent a car you will need to purchase the car rental insurance to cover the Physical Damage to the car.

The cost for Non Owner sr22 insurance can vary greatly from company to company and it will pay off to shop the coverage. A quick way to shop the coverage is to use an insurance broker who specializes in sr22 insurance and represents multiple carriers.

Broad Form SR22 Insurance:

The Broadform Named Driver Policy will cover you on all private passenger vehicles you own for liability coverage. If driving a vehicle you don’t own the coverage follows you but is secondary over other insurance. This policy will not cover any Physical Damage Coverage on the vehicle your driving. As the policy is a “Named Driver” no other drivers will be extended coverage. There is no coverage for commercial vehicles ,motor homes or motorcycles. This is a great type of policy if you have more than 1 car and need only liability coverage and there are no other drivers. Named Driver Broad Form policies are not available in every state.

Purchase of at least the state minimum coverage  is required on all policies whether a sr22 filing is needed or not. Higher liability limits are available as well as Uninsured Motorist coverage’s. There is no coverage for Physical Damage Coverage on these policies.

Financial Responsibility Bond

Some states also have financial responsibility bonds with a sr22  attached to notify the state when a bond is purchased or cancelled. The Financial Responsibility bonds work in the following way:

  •   A Financial Responsibility Bond gives drivers state minimum auto liability coverage on any vehicle they drive, as long as they’re not using the vehicle for business/commercial purposes.
  • The bond acts as secondary coverage over the vehicle owner’s insurance that you borrowed the car from. If the owner you borrowed the car from has no insurance the bond would pay first dollar coverage for a liability claim.
  • A Financial Responsibilty Bond does not offer any coverage whatsoever on the vehicle you’re driving, whether you own it or not. Only a regular auto insurance policy with that specific vehicle insured with comprehensive and collision coverage offers that.
  • An FRB does not offer any type of uninsured or underinsured motorist coverage like a regular auto insurance policy does.
  • The FRB does not offer medical payments coverage like a regular auto insurance policy does.
  • If you own a vehicle and choose only to carry a Financial Responsibilty Bond, you do not loan your vehicle to anyone else as you and only you are insured to drive!


About the author

Scott Elford has worked in the Property and Casualty Insurance Industry since 1988. In 1995 Scott started Pacific Sun Insurance Service as the industry changed thru the years Scott created to help people who had lost their driving privilege get it back with easy online sr22 insurance quotes and same day sr22 filings. With 34 years insurance experience and holding 7 different insurance licenses you can rest assured that Scott and the fine folks at Pacific Sun will take care of any sr22 needs you may have.

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