Did you know that the average auto insurance expenditure rose 1.0 percent in 2019, according to the National Association of Insurance Commissioners?

The last thing you need after getting a DUI conviction is to have your license suspended. If you live in a no-fault insurance state, the risk of having your license suspended is high.

If your request is broken, you may feel you have no choice but to plead no contest and get your vehicle back. That’s where SR 22 insurance comes in.

Look at what you should know about SR22  and how to find a good provider.

What is SR22?

SR22 insurance policy is a certificate that proves you have the minimum amount of liability insurance required by your state.

If you have been involved in certain traffic violations or were found at fault in an accident, your condition may need you to have SR22 before reinstating your license.

SR22 is not a specific type of insurance but an endorsement that must be added to an existing auto policy. 

SR 22 Insurance Covers

It is a type of insurance that covers high-risk drivers. The insurance covers the costs of damages caused by the insured driver while operating a motor vehicle. SR22 is also known as a certificate of financial responsibility.

Some states require SR22 for some time after a driver has been convicted of a DUI or other serious traffic offense, while other states only require it if a driver has been involved in an at-fault accident.

How Long SR22 Lasts

SR22 is usually required for three years, but the length of time may differ based on the state’s requirements. Some states may require SR22 for five years if the driver has been convicted of a DUI.

The company will file an SR22 form with the state to keep track of the policy. If the policy lapses, the state will be notified, and the driver’s license may be suspended.

How Much SR22 Costs

Most companies offer SR22, and the cost is typically around $25-$50 per year in addition to your regular auto premium.

SR22 is more expensive than traditional auto insurance, and shopping around for the best rates is essential. Most companies offer types of insurance, but it is crucial to compare rates and coverage before selecting a policy.

How to Get SR22

An SR-22 is a document your car company files with your state’s Department of Motor Vehicles, proving you have the minimum liability required by law.

Some refer to an SR-22 as a “certificate of financial responsibility” or an “insurance binder.” It is also proof that you have continued insurance coverage. You will need to file an SR22 form with the DMV in your state.

If you want a more convenient and easy way to get your SR22, click the site to get more info.

Importance of SR22

Overall, SR 22 insurance is high-risk insurance required by some states for drivers convicted of DUIs or other serious offenses. Failure to maintain SR22 can result in your driver’s license suspension. 

If you are required to have SR-22 insurance, it is important to compare rates from different insurers to find the most affordable option. You can do this by using an online insurance comparison tool.

Be sure to check out our blog for more tips and advice.

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By SARAH