So what’s SR-22 insurance and why would you need it? At Affordable Insurance in Aurora, we know that most drivers will never need to deal with an SR-22, however, if you are one of the few that requires an SR-22 it is important to know exactly what it is and how it will affect your driving. Although an SR-22 may seem like an obstacle to getting behind the wheel, with the right background knowledge, it doesn’t have to be all that stressful.
What is the SR-22 document?
The first misconception we need to tackle is this, the SR-22 is not a type of insurance, but a document. This document can also be known as a Certificate of Financial Responsibility or a financial responsibility filing. The SR-22 document can be required by most states after a driver has been found at fault in a serious accident or convicted of certain traffic offenses. If the driver is unable to prove financial responsibility after a serious incident, the state DMV can request an SR-22 to be filed in order to reinstate or maintain the driver’s license.
Which Traffic Offenses Lead to an SR-22?
After asking what’s SR-22 insurance, you may be wondering why it’s required. Not all traffic violations are considered equal, and most will not lead to an SR-22. The state DMV is interested in issuing special requirements to drivers that they consider high-risk and likely to offend again. If you have been convicted of the following offenses and fail to show financial responsibility, it is likely that you will be issued with an SR-22 requirement.
- Driving without insurance or a license is a surefire way to draw attention to yourself as an irresponsible driver who ignores the most basic rules of the road.
- DUI or DWAI violations are some of the most common reasons for a driver to be issued with an SR22 requirement. A DUI conviction can stay on your record for up to 10 years and will mark you out as a high-risk driver.
- Repeating the same traffic violations can result in an SR-22. Usually, a few speeding tickets or breaking a red light will not be enough to warrant an SR-22, but racking up a lot of tickets in a short period can put you into the ‘high-risk’ category.
- Being found at fault in a serious accident, or any accident resulting in injuries can also lead to an SR-22.
- Having your license suspended or revoked for any reason will usually result in an SR-22.
How Do I Know I Need an SR-22?
An SR-22 can be court-ordered in response to the conviction of a serious traffic offense such as a DUI. If this is the case, you will be notified at the time of ruling that you need an SR-22. If your SR-22 is state-ordered, you will receive notification from your local DMV. Once you have received notice of needing an SR-22, you must file for the SR-22 with your state to continue driving legally with a valid license.
Who Files the SR-22?
The SR-22 request is sent from your insurance company to your state DMV. Filing for this document means that your insurance company is confirming that you have an active policy that meets the liability requirements of your state. To reinstate your driving privileges, contact your insurance company as soon as you receive notice of the SR-22 requirement.
How is the SR-22 Filed?
If your state offers electronic filing, you may be able to complete the request in just one day. If the SR-22 is filed by mail, allow 10-14 days for processing. Insurance companies usually charge a processing fee for this task, typically $20 or under. Once you receive your copy of the SR-22, you can take it to the local DMV office and have your license reinstated.
How Does the SR-22 Affect My Insurance?
After asking what’s SR-22 insurance, our customers most often ask how much it’s going to cost them. Most SR-22 carriers will see their premium increase significantly. This is not a direct effect of having the SR-22 but is a result of the traffic violation committed. Being involved in an accident while uninsured, or getting a DUI, are immediate red flags to any insurance company and will definitely result in more expensive coverage. In most states, an SR-22 carrier will then have to maintain continuous insurance coverage with the SR-22 for 2-5 years before they can return to a standard policy. The length of time you are required to carry the SR-22 depends on the type of violation committed and state laws.
Some insurance providers will refuse to insure drivers with an SR-22 requirement. The cost of insurance and the fees associated with the SR-22 can vary from company to company. If you have received notification of an SR-22 requirement, it is a good opportunity to shop around and compare the offers of different companies in your area. Whether you have let your insurance cover lapse or have been loyal to one company for years, it is never a bad idea to compare prices and see if you can find the best deal.
Once they find out what’s SR-22 insurance, some drivers may be tempted to just stop driving for the period of time they are required to hold it and avoid costly insurance premiums. Unfortunately, this strategy often backfires. The 2-5 year period of time that you are required to hold the SR-22 usually begins as soon as you request your license to be reinstated, and not at the time of notification. You can stop driving for 5 years, but as soon as you try to get your license back, you will probably be required to hold SR-22 insurance for the next 2-5 years.
Carrying an SR-22 doesn’t need to destroy your budget or hinder your ability to get round town. At Affordable Insurance, we help SR-22 holders to acquire insurance coverage at a reasonable cost every year. We understand that receiving an SR-22 order can be a stressful and confusing experience. If you still have doubts about what’s SR-22 insurance or how to get it, our friendly customer service team can answer all of your questions. Don’t hesitate to call us for more information.