What You Should Know About SR-22 Insurance

Explore everything you should know about SR-22 Insurance. Learn what it is, why it’s necessary, its impact on your insurance premiums, and how to obtain it.

Navigating the world of car insurance can be confusing and even more complicated when you need to obtain SR-22 insurance. If you need this policy, read on to discover what you should know about SR-22 insurance.

What Is SR-22 Insurance?

SR-22 insurance isn’t a specific type of car insurance. Instead, an SR-22 is a certificate that some states require to prove you have adequate insurance coverage after certain violations or incidents. Individuals with suspended driver’s licenses need this insurance to demonstrate financial responsibility so they can get their license back.

When Do You Need SR-22 Insurance?

Several situations might require you to obtain SR-22 insurance. A conviction for driving under the influence (DUI) or driving while intoxicated (DWI) are two such situations. You might also need SR-22 insurance if you accumulate too many driving violation points within a certain period, are involved in an accident while uninsured, or repeatedly fail to maintain minimum car insurance coverage.

How SR-22 Insurance Works

Once you need to have an SR-22, you’ll need to find an insurance provider that offers such a policy. The provider will then file the necessary SR-22 certificate with your state’s DMV.

Typically, you need an SR-22 for three years, but this varies depending on your state’s regulations and the reason for the SR-22 requirement. During this period, you must maintain continuous insurance coverage. If you lapse, your provider may report you to the DMV, resulting in further penalties. Understand when you can cancel SR-22 insurance to avoid ending the coverage before you’re supposed to.

Choosing the Right Provider for Your SR-22 Insurance

Not all insurance providers offer SR-22 certificates, so you have to shop around. Contact multiple insurance companies to compare quotes and ensure the best fit for your needs. Remember that while some providers label their policies as “SR-22 insurance”, they are regular car insurance policies that include the SR-22 certificate.

Lowering Your Premiums With SR-22 Insurance

As SR-22 insurance is necessary due to high-risk driving behavior, you might see an increase in your insurance premiums. However, you might be able to lower your rates by doing the following:

• Maintain a clean driving record.
• Complete a defensive driving or traffic safety course.
• Choose a higher deductible and lower coverage limits.
• Consider a usage-based insurance policy that adjusts rates based on driving behavior.

Understanding SR-22 insurance and the associated requirements is critical for anyone needing to demonstrate financial responsibility after specific driving incidents. By following the guidance above, you can make informed decisions and help minimize the impact of SR-22 insurance on your life.