Tips, US Laws

What happens if I let my SR22 Insurance policy Lapse?

What happens if I let my SR22 Insurance policy Lapse?

The insurance policy and the SR-22 must remain in effect for three years. If, for any reason, your policy is no longer in effect, the insurance carrier is REQUIRED to notify your state licensing authority (DMV, DPS, DOL, etc.) and your license may be suspended automatically! Remember, the insurance company that issued your SR-22 is required to notify the state if your SR-22 insurance cancels for any reason. If you have not provided the state with a new SR-22 certificate, the state will assume you are no longer in compliance with the law, and will suspend your legal driving privileges.

How Does a DUI Affect SR22 Insurance Rates?

Your insurance rates are determined by many factors: age, marital status, driving experience, driving history, and where you live. The SR-22 is only a certificate that proves you have met the state’s financial responsibility (proof of insurance) requirements. Many insurance companies will not insure SR-22 clients and those companies that insure this type of driver (like Select Insurance Group) may have slightly higher rates. Generally, insurance rates can increase approximately 30%-40% from similar insurance with a safe driver insurance company. Select Insurance Group is a full service insurance agency, primarily focused on serving the specialized insurance needs for drivers with alcohol related offenses. Whether you are a high risk driver required to file a SR-22 or a preferred driver looking for affordable car insurance rates, we are ready to help.

2 thoughts on “What happens if I let my SR22 Insurance policy Lapse?

  1. Adam Bockler says:

    Wow, I didn’t know that if you have SR22 insurance and it expires then the insurance carrier is required to notify your state licensing authorities. It sounds like it’s really important to make sure that you stay on top of your regularly scheduled insurance payments if you do have an SR22 insurance. Having your license suspended would be a real inconvenience.

  2. Jen Pack says:

    Wow, I didn’t realize until reading this that it is required to notify your state licensing authority if your SR22 insurance policy lapses. I have a friend who recently let hers expire so I will be sure to share this information with her. I imagine that she’ll want to look to get the new policy with someone she feels she can trust.

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