What Is SR-22 Insurance? A Quick Explanation

Behind the wheel of every vehicle, we all understand the importance of insurance. Your state’s law requires you to carry baseline car insurance. It ensures that the drivers and others affected will be provided.

In all honesty, drivers make mistakes. Not everyone is financially able to pay for the damage done. For this reason, insurance companies offer uninsured and underinsured driver coverage, known as SR22 insurance. But what is SR 22 insurance, how can it protect you from legal trouble, and how do you get it?

This article will answer all your quick questions about this type of insurance. Keep reading for all the information you need before selecting a provider.

What Is SR 22 Insurance and Its Purpose?

SR 22 insurance is a type of high-risk insurance required by some states for certain drivers. The insurance is meant to help protect the public by ensuring that these drivers are properly insured.

The purpose of an SR-22 is to help ensure that you are financially responsible and that you will continue to comply with the state’s auto insurance requirements. If you must have an SR-22, you must maintain your auto insurance coverage for the entire duration of the filing period.

Do I Need SR 22 Insurance?

If you have had your driver’s license suspended or revoked, or have certain traffic offenses, you may be required to get an SR-22 insurance certificate. If you need to carry SR-22 insurance, it means that you are a higher-risk driver and, as such, you will pay higher rates for your insurance. While SR-22 insurance is not required in all states, it is always a good idea to check with your local Department of Motor Vehicles to find out the requirements in your state.

How Much Does an SR 22 Cost?

An SR 22 insurance policy costs around $30 to $50 per month, depending on the state where you apply and the insurance company providing the coverage. The cost also varies depending on the type of SR 22 insurance, whether it is for a car or motorcycle. Most states require an SR 22 insurance policy with the DMV to reinstate a driver’s license after a DUI or other major traffic violation.

How Do I Get This Kind of Insurance?

SR 22 insurance is usually obtained through the insurance company that will provide you with insurance basics. You will need to contact the company and ask them about obtaining this type of insurance. If you’re looking for one, SR 22 Savings website is a great choice, refer to this site and learn from them.

How Long Is This Insurance Valid?

SR-22 insurance generally remains active for three years from the date of filing. After this initial period, it is up to the insurance company to continue filing SR-22s on your behalf, though most will do so automatically. If your SR-22 expires for any reason, you will have to file a new one within 30 days.

Get the Best SR 22 Insurance

In conclusion, SR 22 insurance is a type of insurance requirement by some states for drivers who committed certain traffic violations. It is a form of financial responsibility that ensures that these drivers can pay for any damages caused by accidents. Now that you have an idea of what is SR 22 insurance, and did your research and get the best insurance possible.

If you find this article helpful, read our other blogs today!

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