Find Out More About SR-22 in your State!

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But at what point does someone need to think about Understanding SR22 insurance?

The Importance of SR-22 Coverage: Why You Need It and How It Protects You

Having a less-than-perfect driving record can significantly impact your insurance costs and even lead to some auto insurance companies refusing to cover you. This is where SR-22 insurance comes in. SR-22 insurance is a certificate that proves you have the minimum required insurance coverage, often mandated after serious driving offenses like DUIs or multiple traffic violations. It’s essential for regaining your driving privileges and avoiding further legal issues.

Why You Need SR-22 Insurance:

• Proof of Coverage: SR-22 is a certificate that proves you have the required insurance coverage.
• Legal Requirement: Often mandated after serious driving offenses like DUIs or multiple traffic violations.
• Driving Privileges: Essential for regaining your driving privileges.
• Avoid Legal Issues: Helps you avoid further legal consequences.

How SR-22 Insurance Protects You:

• Compliance: Ensures you meet state insurance requirements.
• Legal Protection: Prevents legal issues from driving without the necessary coverage.
• Financial Protection: Helps manage the high costs associated with driving violations.

Tips for Finding Affordable SR-22 Insurance:

• Compare Quotes: Shop around to find the best rates.
• Cheap SR-22 Insurance: Look for insurers that specialize in affordable SR-22 policies.
• Understand Costs: Be aware of the factors that affect SR-22 insurance costs to budget effectively.

By obtaining SR-22 insurance, you protect yourself from legal consequences and ensure you can continue driving legally.

What is SR-22 Insurance? Understanding SR-22 Insurance and Its Requirements

SR-22 insurance, also known as a “Certificate of Financial Responsibility,” is not an auto insurance policy itself but rather an endorsement or rider attached to an existing or newly established car insurance policy. SR-22 insurance is required for high-risk drivers, such as those who have had their driver’s license revoked due to serious offenses like DUIs or multiple traffic violations.

Key Points about SR-22 Insurance:

• Certificate of Financial Responsibility: Proves you have the required insurance coverage.
• Not a Standalone Policy: It’s an endorsement added to your current car insurance.
• High-Risk Drivers: Mandated for those with revoked licenses or significant driving violations.
• State Requirement: Shows the state that you have purchased insurance and are financially responsible for your vehicle and driving.

By understanding SR-22 insurance and its requirements, you can ensure compliance with state laws and maintain your driving privileges. For those needing SR-22 insurance, it’s essential to compare quotes to find affordable options and understand the associated costs.

Who Needs SR-22 Insurance? Find Out If You Require SR-22 Coverage

In most cases, individuals who have had their driver’s license revoked or suspended will be required to carry SR-22 insurance. This includes drivers with serious offenses such as DUIs, multiple traffic violations, or those caught driving without insurance. SR-22 insurance serves as proof of financial responsibility, ensuring that high-risk drivers meet the state’s minimum insurance requirements. However, there can be exceptions, so it’s essential to check with your state’s specific regulations.

How does your driver’s license get revoked? Here are a few common offenses that lead to this punishment:

• Caught driving without proof of insurance
• Getting involved in a car accident as the at-fault party
• Any DUI or DWI charges you’ve faced
• Racking up moving violation points in a short period
• Failure to pay child support
• Your insurance doesn’t meet state requirements

Once you’ve been flagged by the law, you are usually court ordered or mandated by the state to carry SR22 insurance.

While it varies from state to state, you will usually have to carry it for a minimum of 3 years.

If your coverage lapses or you commit another offense, it might stretch for longer.

How Much Does SR-22 Insurance Cost Per Month? Monthly SR-22 Insurance Rates and Quotes

SR22 insurance typically costs more than standard auto insurance due to the high-risk nature of the individuals who require it. On average, SR22 insurance premiums can range from $50 to $150 per month, but this can vary significantly depending on factors such as your driving record, age, location, and the reason for needing an SR22 filing. Additionally, insurance companies may charge filing fees ranging from $15 to $50 to process the SR22 form. It’s essential to shop around and compare quotes from different insurance companies to find the most affordable SR22 insurance policy that meets your needs.

List of Factors Affecting SR22 Insurance Rates:

• Driving record
• Age
• Location
• Reason for needing SR22 filing

Here’s a simplified comparison of monthly premiums for SR22 insurance across different insurance providers:

What Does SR-22 Insurance Cover? Understanding SR-22 Coverage and Benefits

Let’s face it: we all want to know what our car insurance covers in the event something were to happen to us.

So, since the SR22 isn’t an insurance policy itself, what does it cover?

The simple answer is that it offers as much coverage as your auto policy itself. More accurate, but slightly more complex, is that an SR22 certificate shows the state that you’re carrying insurance with at least the state’s minimum liability requirements.

If you don’t know your state’s minimum liability requirements check out our quick reference!

Some states, rather than using SR22 Insurance, they use a form called an FR44. The two forms follow a similar function, however, the requirements for an FR-44 typically exceed the state’s minimum liability limits.

SR-22 and FR-44 forms both concern themselves with potential damage to others. As such, they don’t require comprehensive or collision coverage.

However, you as a motorist may want to invest in this coverage for your own protection.

How Do You Get SR-22 Coverage?

• You can get SR22 insurance coverage the same way you get any other auto insurance: by getting a quote from an agent.

• You’ll need to research and find a company that offers the rider, as not all of them do.

• Once you’ve found a company that offers the SR-22 form, complete and finalize a quote with them.

• After the policy gets drafted in full, a copy of the SR22 gets filed electronically with the state DMV for their records.

Do I need SR-22 Coverage Even If I Don’t Own a Car?

Let’s say that your car got impounded as a result of the situation that revoked your license.

Do you still need to carry SR22 insurance?

If you intend to drive, then yes.

You’ll still need to file for a non-owner SR22 policy and carry that SR22 endorsement for the required period.

If you don’t do this and get caught driving someone else’s vehicle, the consequences could be dire. 

Why Is SR22 Insurance So Expensive?

Many people have the misconception that SR22 insurance is ridiculously expensive because of the SR22 itself. This is not entirely accurate.

The SR22 rider, on its own, does not always affect your premium. Some companies however, will rate you higher: call us to find out for sure if you are interested in a particular company.

However, SR22 or not, you’re still rated like any other policy applicant. This means that the incidents leading to your need for an SR22 form will contribute to your premium.

The higher the driver’s risk, the higher the premium is a pretty solid rule of thumb when it comes to auto insurance rates. 

How Long Do I Need SR-22 Coverage?

As mentioned above, three years is standard for most SR22 endorsements.

However, the required carrying period varies from state to state.

Some have periods that vary by reason for license revocation. Others stick to a certain time period, regardless of the inciting incident.

You’ll need to research your state’s laws for further insight on this matter.

Review: Understanding SR22 Insurance

Sifting through auto insurance terminology can be tricky, so let’s take a moment and review what we’ve learned:

• The SR22 is not auto insurance itself, but rather, a rider offered to those considered high-risk drivers who have had their license revoked. 
• SR22 insurance coverage varies depending on what you purchase as part of your auto policy.
• The cost of your SR22 insurance can vary from state to state.
• You must carry the SR22 endorsement for the full period, because if you don’t, your license will be revoked, and you might end up serving time in prison.

We here at A Plus Insurance want to help keep you and your family safe on the road. If you or a loved one needs auto insurance, SR22 or not, contact us today for a quote. We’d be happy to assist you!

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Last Updated on July 3, 2024 by Veronica Moss