SR-22 Insurance: What It Is and How It Works
You’re driving home from work one day when you get pulled over for speeding. The officer runs your license and tells you that your insurance is expired. You explain that you thought you had insurance, but you forgot to pay the bill.
The officer says you’re lucky you’re only getting a ticket this time and that you need to get SR22 insurance. You have no idea what SR22 insurance is, but you know you need to get it or you could lose your license.
In this article, we will talk about what sr-22 insurance is and how you can get it.
What Is sr-22 Insurance?
SR22 insurance is a type of liability insurance that is often required by state law for drivers who have been convicted of certain serious traffic violations. SR22 insurance is not a standard insurance policy but rather an endorsement that must be added to an existing auto insurance policy.
The SR22 endorsement ensures that the policyholder has the minimum amount of liability insurance required by the state. If the policyholder cancels their policy or allows it to lapse, the insurance company will notify the state, and the policyholder’s driver’s license will be suspended.
If you are driving or need to drive but does not own a car, you may need to get a sr-22 non-owner insurance instead. You may visit this page for more information.
How Does It Work?
How does sr-22 insurance work? If you are required to get SR22 insurance, you will need to purchase a policy from an insurance company that offers this type of coverage. You will then need to file an SR22 form with your state’s department of motor vehicles.
The SR22 form is a document that proves you have the minimum amount of car insurance coverage required by your state. Once you have filed the SR22 form, you will be required to maintain your SR22 insurance for a certain period of time..
If you cancel your policy or let it lapse, your insurance company will notify the state, and your driver’s license may be suspended.
How Much Does It Cost?
If you are required to get SR22 insurance, it is important to shop around and compare rates from different insurance companies. SR22 insurance can be costly, so you want to make sure you are getting the best rate possible.
How Do I Get This Insurance?
An SR-22 is a document filed by your car insurance company with your state’s DMV proving you have the minimum insurance coverage required by law. If you’re required to have an SR-22, you’ll be notified by your state DMV and must then contact your insurance company to have the SR-22 form filed.
There is no extra charge to file an SR-22 form – it is simply an administrative step to add to your existing car insurance policy. However, you may see an increase in your premium because insurance companies view SR-22 customers as high-risk.
Contact Your Insurer
If you need SR22 insurance, you likely have a serious problem on your hands. But don’t worry, SR22 insurance is easy to obtain and relatively inexpensive.
Once you have it, you’ll be able to drive again in no time. Contact your Insurer the documents needed and for additional help on filing the sr-22 insurance.
For more information on SR22 Insurance and how it can save you time and money in the long run, check out our blog page.