SR 22 Insurance
SR 22 Insurance If your state mandates that you obtain and submit Form SR-22, you should expect to pay extra for your auto insurance.
SR-22 insurance is required by several states if you have many moving offenses on your driving record. Contrary to popular belief, an SR-22 is not insurance but rather a certificate issued by your insurance company to demonstrate that you are covered for legal liability in the event of an accident.
The SR-22 insurance definition.
The SR-22 form is not itself insurance, but rather evidence that the driver has purchased appropriate liability coverage. A certificate of financial responsibility is another name for this document. The SR-22 form is submitted by your insurance company to the state government on your behalf to prove that you carry the minimum liability coverage required by law.
State laws often require motorists to have bodily injury liability insurance between $25,000 and $50,000 for a single injured party and between $50,000 and $100,000 for all persons harmed in an accident.
In addition, between $10,000 and $25,000 in property damage liability coverage is often mandated by states. The SR-22 form serves as proof that your current insurance coverage satisfies the minimum state standards.
Does state law mandate SR-22 coverage?
A court or the Department of Motor Vehicles in your state may compel you to have SR-22 insurance to demonstrate that you carry enough auto liability coverage.
In order to get your driver’s license back in many states after it has been revoked or suspended, or after committing certain traffic violations, you will need to complete a Form SR-22.
Impaired driving, often known as driving under the influence (DUI) (DWI), Driving with complete disregard for safety Violating the law by driving without insurance Consecutive or close-together crimes Depending on the state, the SR-22 must be maintained for a minimum of one to three years.