While many people are somewhat familiar with regular auto insurance policies, most people have never heard of a named operator policy (aka non-owners policy) until someone advises them that they need it. This article will help you understand exactly how a named operator policy works. It will also show you how to attach an SR22, SR50 (Indiana) or an FR44 (Virginia) state filing onto a named operator policy, if you need to carry one to get your license reinstated. I will also give you some key tips on how to find the best rate.
First, you need to understand clearly what a named operator auto insurance policy does:
What a named operator auto insurance policy covers
What a named operator policy DOES NOT cover
What if I don't own a car when I take out a named operator policy, but buy a vehicle later on?
When this happens, it is very easy to transfer a named operator policy into a regular auto insurance policy. It is very simple to do. It only takes a few minutes to change and convert from a named operator policy to a regular auto insurance policy. All you need to do is call your agent. But it is extremely important that you make this change before driving your new vehicle.
SR22, SR50 and FR44 state filing requirements
If you've had your license suspended and need an SR22 filing to reinstate your license (this also applies to Indiana drivers who need an SR50, and Virginia drivers who need an FR44), a named operator policy is what you need if you do not own a vehicle (Ohio drivers have a couple other more popular options as well, but a named operator policy works nonetheless).
Just let your agent know whatever state filing you need, and he/she will be happy to set that up for you. Not all auto insurance companies offer named operator policies. And many auto insurance companies do not write state filings either. And there are some companies who will write state filings, but charge a fortune to do it!
*** NOTE: Indiana drivers:
Many of you will be required to carry the SR50 filing. However, you will find that most auto insurance companies do not offer the SR50 filing. They only offer the SR22 filing. Don't worry about it. You'll be fine with an SR22 instead. The good news for you is that an SR22 filing can be substituted for those who need an SR50 filing. So your best bet is to just go with that. This substitution allows you to quote with many more companies that suit your needs, and thus will probably get you a lower rate than if you only shopped with companies that offer the SR50.. On the other hand, those in Indiana who need an SR22 filing CAN NOT substitute an SR50 filing for it because the standards are higher with an SR22 filing. But for those who only need the SR50, don't worry about that higher standard. It won't apply to you. You can substitute either filing with no problem.
Finding the best rate on a Named Operator policy (with or without a state filing)
If you live in Ohio, Indiana, Michigan, Pennsylvania, Virginia or West Virginia, I will be happy to run you a named operator quote with the companies that I have. Simply click on your state below, fill out the short quote form, and I will you the lowest rate I have. And as always, I handle all quotes personally and privately.
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Related Blog Articles:
Video: Basics of a Named Operator Policy
Video: Named Operator Auto Insurance with an SR22 Filing
Differences Between an Ohio Financial Responsibility Bond and a Named Operator Auto Insurance Policy
What is a Named Operator (aka non-owner) Auto Insurance Policy?
Dan Lyles is an Independent Insurance Agent serving Ohio, Indiana, Michigan, Pennsylvania, Virginia and West Virginia..