An Overview of SR22 Insurance: Things You Need To Know About It

An SR22 isa document which shows financial responsibility proof. For instance, if you are found driving without auto insurance by the police, you will could be required to file for this insurance form. You also need to be carrying it for a certain period of time, usually not less than 3 years. The SR22 only expires once this duration is successfully fulfilled. 

Besides driving without insurance, this particular document can also be associated with other traffic offenses. These can include DWI, DUI, or any other severe moving violation, causing at-fault accidents without proof of insurance, repeating traffic offenses within a short time, and when the license is revoked or suspended can also issued to an individual. 

How Long You Will Need an SR22 Insurance

Generally, if you happen to break any of the above mentioned traffic offenses; expect to hold this document for a quite long time. As mentioned earlier, you are expected to have this document at least for 3 years, which is equivalent to the probationary duration after the criminal offense. 

However, before this insurance is removed, you are titled to carry continuous insurance for a certain period. If your policy is canceled or lapses, the auto insurance company you belong to should notify the state without delay and your driving license will immediately be suspended again. 

The company terminates or cancels SR22 insurance by filling a different document with the state, typically ten days before the expiry date of the SR22. In many states, form SR26 is used instead. 

Details and Specifics of Form SR22

The company responsible will file the original SR22 form with the DMV (Department of Motor Vehicles) of the state you belong to show proof of the insurance. Once this form is filed, the suspension of your license is lifted, so you can start driving legally again. SR22s are actually the state specific; however, what one state may require may fail to apply in another state.

Requirements

Currently, if you carry an SR22 form in a particular state, but you decide to migrate to another state, then you are titled to first fulfill the filing period of this form for where it was issued, even if you do not live there anymore. Additionally, your new state insurance policy must show liability limits that meet all requirements needed by law in previous state. 

Also, remember that in some countries, you are charged a certain fee for filing SR22s, but this is only an initial fee, which is not required at renewal. Nevertheless, if your policy lapses at a given time, you may again be charged another small fee at renewal. Since the requirement of SR22 applies to certain people, separate amount of fee may apply for each individual required to posses this form. 

The Bottom Line

Even if the concept of SR22 insurance seems to be the same from one state to another, it’s important to regularly check with your agent or insurance company to verify the details and specifics of the state you reside. This will save you a lot of troubles and time as well.