Being Informed About Your SR-22 Auto Insurance Policy

18 August 2023
 Categories: , Blog

Auto insurance may be complicated to understand, especially when dealing with specific policies like SR-22s. Some basic questions can help you understand this type of coverage for your vehicle.

What Is SR-22 Insurance?

SR-22 is not an actual insurance policy but a document. Your auto insurance company files this document with the state's Department of Motor Vehicles. It proves that you have the required liability coverage as mandated by your state. An SR-22 filing aims to demonstrate financial responsibility when drivers have been involved in certain driving infractions or incidents.

Typically, individuals required to carry SR-22 insurance include those with a history of serious traffic violations such as DUI or DWI convictions, multiple at-fault accidents within a specific time frame, or driving without proper insurance coverage. State authorities may require drivers to maintain this filing for a designated period determined by their circumstances.

How Does SR-22 Insurance Affect My Premiums?

It is important to note that SR-22 insurance is typically associated with higher insurance premiums. Individuals requiring an SR-22 filing are considered higher-risk drivers due to their previous driving infractions.

While obtaining affordable SR-22 coverage might seem challenging, there are strategies to help mitigate increased costs. Shopping around for quotes from different insurers is crucial, as rates can vary substantially between companies. Additionally, maintaining a clean driving record in the future and completing any required defensive driving courses may positively impact future premiums.

Does Every State Require An SR-22 Filing?

SR-22 filing requirements differ from state to state. While many states mandate this form of documentation for certain violations, some do not have such obligations. Familiarizing yourself with your particular state's laws and consulting with your local DMV or insurance agent for accurate information is essential.

In some instances, states may have alternative financial responsibility filings similar to an SR-22 but under different names or codes. These variations may have distinct requirements and coverage limits compared to traditional SR-22 filings. Understanding these variances is crucial if you find yourself facing this situation.

What If You Move To Another State While Having An SR-22?

You must contact your insurance provider when moving states with an active SR-22 filing. They will guide you through the steps to transfer your SR-22 from one state to another. Not canceling or terminating your coverage without proper documentation is crucial because this can lead to severe consequences.

Communication is key throughout this process. Informing your current insurance provider about your plans and providing them with accurate details about your upcoming move allows them time to facilitate a smooth transition for transferring or adjusting policies accordingly.

Contact an independent auto insurance agent if you'd like to learn more.