After my car was broadsided, I knew that there had to be something I could do to save a little time and money. I was nervous about paying to fix the car myself, so I started looking into my auto insurance policy to see if they could help. They were really kind and generous, and before I knew it my car was in thee shop getting fixed. I wanted to start this blog all about choosing a better auto insurance plan to improve your life. Check out this information to see what you might be able to do to make things right.
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What Do You Need To Know About SR-22 Car Insurance? 25 August 2021
Choosing A Better Auto Insurance Plan
What Do You Need To Know About SR-22 Car Insurance?
Patrick Pearson
The term SR-22 car insurance may be strange to most drivers. That's because you may not hear about it unless you have been convicted of a DUI or any other traffic offense. If you're wondering what SR-22 insurance is and how you can get it, keep reading to learn more.
What Is SR-22 Insurance?
SR-22 insurance isn't another type of car insurance. Instead, it's a certificate of financial responsibility that comes as a court order or a requirement by the state. It serves to verify you're carrying at least the minimum auto insurance coverage required by your state.
It's also a way for your car insurance company to assure the state that you have the correct insurance and are covered in case of an accident.
How Do You Get SR-22 Insurance?
Most people get the SR-22 when purchasing an auto policy from an insurance company. But if you have an existing auto plan, your insurer can add the SR-22 to your policy.
If your insurer doesn't offer the SR-22, you may purchase a non-owner SR-22 policy from another company and file it with your state. This one does not cover any vehicles, so you can still maintain your original insurer. It may also be a requirement for people who don't own a car but want to drive or possess a driver's license.
How Much Will You Pay for SR-22 Car Insurance?
Generally, your insurance company will charge you a one-time fee of about $25 to file for SR-22 insurance. Depending on the violation that brought the SR-22 requirement, you may also see a spike in your auto insurance premiums. For instance, if you're convicted of DUI, causing too many accidents, or driving without insurance, you're likely to pay increased insurance rates.
However, the rise in your rates will vary from one provider to another because your SR-22 form isn't the only factor that insurers consider when calculating rates. They'll also factor in your driving record, age, location, and credit score.
How Long Is SR-22 Required?
The length of time required for an SR-22 will vary depending on your state laws or your convictions. In most states, it's a requirement for about three years. Once the time limit is up, you should request your insurance company to remove it. The good news is you may see a decrease in your rates once the SR-22 form is removed.
It's also important to note how long the SR-22 insurance is required. If you cancel your policy before the time has elapsed, the state will be notified, and you'll be punished. Some of the penalties include driver's license suspension or revocation and the requirement to restart the entire SR-22 process.
For more information on SR-22 insurance, contact an auto insurance agency today.
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