Reader’s Question:

Hi, I am from Lakeland, Florida and someone told me that since I don’t have an automobile registered in my name, I can be qualified for SR22 insurance at a rate of about $100 per month. If this is true, why wouldn’t a lot of people take advantage and fewer individuals in a household register automobiles?

Candice

Lakeland, FL

The person who told you that is not right in their idea about an SR22 insurance. SR22 in not an insurance policy, rather it is a form that shows that an individual has accomplished their financial responsibility. Normally, SR22 is mandated by the court or the Department of Motor Vehicles (DMV) after certain traffic violations or if the individual doesn’t have insurance coverage and got into an accident, so SR22 would not be the kind insurance you may want to carry.

Every state has their own parameters for an SR22 and some states even don’t require SR22 at all. Since you live in Lakeland, Florida, SR22 will be ordered if your driver’s license is suspended because of a major conviction such as DUI offense in the state of Florida. A non-owners policy is available for motorists who don’t own an automobile. Normally, this policy is only for liability coverage and don’t cover automobiles that are owned by a family member or other members of the household.

Tags: auto insurance, DMV, non owner’s auto insurance, SR22 insurance