SR-22 Insurance, also known as Certificate of Insurance or a Financial Responsibility Filing, is a vehicle liability insurance document for insurance policies considered “high-risk” that is required by the Department of Motor Vehicles. A state’s DMV requires this type of insurance when reinstating a person’s driving privileges if it was revoked due to a conviction of a traffic-related offense or driving an uninsured car.
Additionally, an SR-22 policy may be required in either of the following situations:
- 1A 3 year conviction for driving without insurance
- 2Driving with a suspended license
- 3A 5 year conviction for driving while intoxicated (DWI)
In some states, an SR-22 insurance policy is an alternative proof of financial responsibility after a cash or security deposit. It serves as proof that the person named in the policy has and will continue to possess the legally mandated required car insurance limits.
This insurance is most often used for serious violations of traffic laws and getting one is not easy. A person simply cannot file an SR-22 on their own. Because of how its used, this policy is authenticated and certified by an accredited insurance company.
In this article, we will go over everything you need to know about SR-22 insurance.
Where Can Your Get An SR-22 Insurance Policy?
- 1You can contact your current car insurance company for this type of insurance. If they reject your request you may have to find a new insurance company.
- 2Once an insurance provider gives you an SR-22, file the document with the proper government agency.
Note, getting an SR-22 means that the insurance provider will reclassify you as a high-risk driver because the insurance risk to them is now considerably higher.
The time frame which an SR 22 can be issued depends on the insurance provider. If they have an electronic filing, the requested policy can be given to you the same day. However, if the insurance provider does not have electronic filing, the usual waiting time for the SR-22 is a week. Thereafter, you may have to wait 10 to 14 business days for the appropriate government agency to receive and process it.
You can ask the insurance company to send you a copy of the policy before they send it off for processing. Some states allow the individual to give the copy of the SR-22 to the DMV, which can make the processing of a license reinstatement faster. The process, however, differs from state to state. Some states may allow a copy while others need to have an internal process of approval before allowing the SR-22 copy to be sufficient for the license reinstatement.
What Are The Costs Of Getting An SR-22 Policy?
Unfortunately, there is no specific price that a person has to pay for this type of insurance. The price depends on the state and the person. However, getting an SR-22 is usually classified as high-risk so be prepared to see higher quotes than for normal insurance. Before getting an SR-22, shop around and compare prices. You might be able to find a good deal.
Why Would You Need SR 22 Insurance?
Type of policy is required when a person has been involved in a traffic-related accident or convicted of a traffic-related offense and is not able to show their ability to pay for damages and financial charges. To be more specific, an SR-22 is needed in the following circumstances:
- 1Getting caught driving without a license, insurance or both
- 2Getting caught in a DUI or DWI
- 3Repeat traffic offenses or too many tickets within a short time period
- 4Having a revoked or suspended license
- 5When it is court or state ordered
With a court or state order, a notice is given stating the time of the ruling and the information needed to get this insurance. When an SR-22 is required due to a traffic-related conviction or judgment, the SR-22 is filed with the DPS. It is then maintained for two years starting from the date of the conviction or the judgment. This depends on the state law or order of the court.
How Long Will You Need an SR-22?
This type of insurance is required for a definite time. It varies depending on state law or court order, but the usual time frame is 3 years. However, if you commit another offense within the time that you are mandated to maintain this insurance for a longer period of time. In case of good behavior and no violation or accident within the time stated, you will most likely be given a chance to purchase car insurance with standard rates.
Causes For Suspension Of Driver's License
There are two instances when a person’s driving privilege and vehicle registration may get suspended:
- 1An individual does not have a valid SR-22 with a DPS on file when they are required
- 2An individual does have an SR-22 with DPS but it has been cancelled, lapsed, or otherwise terminated.
Tips To Avoid An SR-22 Requirement
Getting type of insurance is both tedious and expensive. Additionally, the implications to your insurance classification can also be burdensome for others. There are things you can do to avoid having an SR-22 requirement for your driving privileges or licensing reinstatement.
- 1Do NOT drive while intoxicated. Based on drunk driving statistics, getting a DUI or DWI is one of the most common reasons why people are required to get this insurance.
- 2Avoid getting traffic-related offenses or accidents. Getting into car accidents can lead to an increase in your car insurance premiums.
- 3Never drive without car insurance. If you are caught driving without car insurance, then you will be required to present proof of financial responsibility which can be done by getting an SR-22.