There is no one answer to the question. It really all comes down to what state you live in and how many infractions you have committed. That is why we provide this free quote form. Since SR22 insurance is a type of liability insurance that you might need obtain when you have major traffic violation, having the insurance means that you are a high risk driver, therefore, it can lead to higher insurance rates.
What is SR22 Insurance?
SR22 insurance sometimes also refers to SR22 filing, and it is sometimes called an SR22 certificate, however, it is not actually auto insurance. It is a form that you file with the Department of Motor Vehicles declaring that you have the proper insurance needed as required by your state. It is a form given to you by your insurance company stating that they agree to insure you even though you are considered to be high risk. It is designed to protect you or any other victims of an accident.
Purpose of SR22 Insurance
In most cases, you will need this type of insurance following a suspension of your driver’s license. It tells the insurance company that you are at high risk for having an accident. Once your license is reinstated, SR22 insurance will guarantee that you will meet the minimum insurance requirements, so you will not be driving without insurance.
Reasons for SR22 Insurance
States will vary on determining who needs SR22 insurance and the minimum coverage on the policy. SR22 Insurance is normally required after your license is revoked or suspended. One speeding ticket is not going to result in SR22 insurance; however, multiple tickets could warrant the insurance.
Here are some common reasons as to why you might need the insurance:
- Driving while Intoxicated
- Reckless Driving
- Speeding Excessively
- Failure to pay Child Support
- Multiple Accidents
How to Obtain SR22 Insurance
Shopping online will usually be your best bet for finding the rates and coverage for your specific needs. Once you decide on a company, you need to inform them of how much coverage you want. Comprehensive and collision coverage might not be an option with some companies, and they will be more expensive. You could just purchase the minimum liability coverage that your state requires. If no company will offer you insurance, then you need to contact the Department of Motor Vehicles, and they will find you insurance. You will be mailed an SR22 form for you to complete, and you will pay your first premium.
How Long will you be Required to Carry SR22 Insurance
In most cases, you will be required to have SR22 insurance for three years after you gain your license back. If you cancel the policy, you must notify the state. If you do not pay premiums or your policy expires, the insurance company is required to contact the state and your license will probably be suspended again.
SR22 Insurance Rates
Because SR22 insurance is needed as a result of serious violations, your insurance rates will be affected. Your rates are not influenced just because you have the insurance; however, the insurance company checks your record and notices the violation that caused you to need SR22 insurance. The insurance company will charge you a filing fee, and then you can obtain the insurance. It is possible to pay twice as much as normal insurance. Even though SR22 insurance is needed, it will raise your car insurance premiums. However, if you want to be able to drive a motor vehicle, this type of insurance is required after a serious offense. Therefore, find an affordable company to purchase the insurance. You can then complete the necessary time required for the insurance, and you can move on with your life.