Liability Sample Quote: Rating Factors

Liability Sample Quote: Insurance Rate Factors

Discounts Applied to this Liability Sample Quote:

Additional Notes: This person has a good driving record!

Disclaimer: The purpose of this page is to showcase an estimate of what insurance may cost an individual with these products and/or circumstances. This is based on a real liability sample quote.

What Is An SR-22?

An SR-22 insurance is a certificate of financial responsibility that is required in some states in the United States for drivers who have been convicted of certain driving violations or offenses, such as driving under the influence (DUI), driving without insurance, or reckless driving.

An SR-22 certificate is not actually an insurance policy, but rather a document that proves you have the required amount of liability insurance coverage as mandated by your state. If you are required to obtain an SR-22, you must purchase a policy from an insurance company that is authorized to provide SR-22 filings in your state.

The purpose of an SR-22 is to demonstrate to the state that you have the financial responsibility to cover any damages or injuries you may cause while driving, and to encourage you to maintain your insurance coverage. In most cases, an SR-22 is required for a period of three years, although this can vary depending on the state and the reason for the requirement.

It is important to note that an SR-22 requirement may result in higher insurance premiums since it signals to the insurance company that you are a high-risk driver. If you fail to maintain your insurance coverage while an SR-22 is in effect, your insurance company is required to notify the state, which may result in the suspension of your driver’s license.