SR22 Insurance For Non Owner Drivers
Reader question:
If I have a policy for SR22 insurance for non owner drivers, how can I lower my rates?
Anson
Great question, Anson.
As someone who pays for SR22 insurance for non owner drivers, you are able to take advantage of many of the same discounts that other drivers do. If you ask your car insurance company about discounts, you can find out which ones you qualify for. Otherwise, think about doing the following things.
- Raise your deductible.
Like comprehensive and collision coverage, liability insurance, which is the only type of insurance coverage you can get with a SR22 insurance for non owner driver policy, you must pay a deductible before damages can be paid. However, if you have a higher deductible, then you will be able to pay a lower premium because you are assuming more risk. This is especially important when you are already a high risk SR22 driver.
Some people find it difficult to come up with the money for higher deductibles. I have a one thousand deductible, and I’ve had it for two years and haven’t had to pay it out yet. In the meantime, I have saved up much more than that by simply saving the money that I otherwise would have paid towards my car insurance premium. Anybody can do this, and it’s a good way to start a savings account.
- Pay it all at once.
Car insurance companies will usually charge you a fee for paying your SR22 insurance for non owner premium in installments. This can be a large fee, such as thirty dollars extra each month, or a smaller one at just a couple dollars extra, depending on what car insurance company you are with. You can save this fee by paying for your car insurance policy upfront, and this will also save you from the worry of lapsing in your insurance coverage and having your license suspended again.
- Buy online.
Not only is it more convenient to buy your SR22 insurance for non owner online, but it is also often cheaper. Car insurance companies offer discounts for buying insurance online because it saves them money in employees and other resources. Most big car insurance companies have websites where you can check your policy, get quotes, purchase a policy, and pay your monthly premium online.
Cheers,
Fashun Guadarrama.
