What is SR22 insurance?
SR-22 insurance is a type of auto insurance Policy that provides proof of financial responsibility for high-risk drivers. This certificate is required by the Department of Motor Vehicles (DMV) in most states when a driver has been involved in an accident or has committed certain traffic violations, such as driving under the influence. The SR-22 form must be filed with the DMV by the driver's insurer.
If you are required to obtain SR-22 form, it means that you have been deemed a high-risk driver and may have had your driving privileges suspended or revoked. The filing fees for an SR-22 certificate can vary depending on your state and insurance provider, but they typically range from $15 to $50. It's important to note that an SR-22 requirement will likely increase your auto insurance premiums.
To obtain SR-22 insurance, you'll need to contact your current insurance agent or find a new one who offers this type of coverage. Your insurer will then file the necessary paperwork with the DMV on your behalf. Depending on your situation and state requirements, you may need to maintain an SR-22 filing for a specific time period before it can be removed from your auto insurance policy. Failure to maintain proper coverage could result in further penalties and consequences if you're caught driving without valid proof of financial responsibility.
Causes of needing SR22 insurance
A major cause of needing SR22 insurance is a license suspension resulting from major driving infractions such as reckless or negligent driving. In some cases, drivers may also need to obtain an SR22 certificate of insurance if they have been involved in at-fault accidents or have accumulated too many traffic violations on their driving record.
Another reason for requiring SR22 insurance is when a driver does not own a vehicle but still needs proof of insurance. Non-owner car insurance with liability coverage can be purchased and paired with an SR-22 filing to meet the liability requirements set by the state.
Insurance carriers typically require higher liability limits for drivers who need SR-22 coverage due to being considered high-risk drivers. Auto insurance companies that specialize in providing cheap SR-22 insurance often offer limited term policies and lower limits of liability coverage compared to standard auto policies.
Requirements for obtaining SR22 insurance
When it comes to obtaining SR22 insurance, the first step is to understand what it is. An SR-22 form filing is a document that proves you have minimum liability coverage for your registered vehicle. The Department of Motor Vehicles (DMV) requires this form from drivers who have committed major traffic violations such as driving under the influence of alcohol or causing injuries and judgments in an accident.
To obtain an SR-22 on file, you need to contact your auto insurer and request the paperwork. Your insurance company will then send the completed form directly to the DMV office in your ZIP code. It's important to note that if you let your policy lapse at any point during the required period of time, your insurer must notify the DMV immediately.
Once you have obtained an SR-22 policy, there are coverage options available for minimum liability coverage amounts and policy deductibles. However, keep in mind that property damage liability may also be included in these minimum requirements depending on where you live. Overall, getting an owner form filed with affordable coverage can be a simple process as long as all necessary steps are followed correctly.