--> How Does SR-22 Insurance Work?
In this article, you’ll find everything you need
If you’ve been a driver for some time now, you’ve probably heard about SR-22 insurance, especially if you’ve had an accident or a misdemeanor charge before.
But what exactly is SR-22 insurance? How does SR-22 insurance work, and how can it help you when you need it?
In this article, we’ll discuss everything you need to know about how SR-22 insurance works.
How Does SR-22 Insurance Work?
If you’ve been a driver for some time now, you’ve probably heard about SR-22 insurance, especially if you’ve had an accident, traffic violations, or a misdemeanor charge before, such as a DUI or DWI. Understanding the sr22 insurance cost and how sr22 auto insurance works can be crucial in these situations.
What is SR22 insurance? What does SR22 insurance cover, and how does SR22 insurance work? Understanding what is an sr22 and the sr22 meaning can help you navigate these questions.
In this article, we’ll discuss everything you need to know about how SR-22 insurance works in accordance with the state department of motor vehicles.
All About SR-22 Certificate
The first thing that you have to know is that SR-22 is not an insurance policy. By itself, it doesn’t cover anything and won’t reward you or fault accident victim any financial compensation. So, sr 22 insurance meaning, what is it exactly?
Instead, SR-22 (also known as an FR-44 in Florida and Virginia) is attached to your existing car insurance. It’s also known as a Certificate of Financial Responsibility.
This certificate acts as proof that you have sufficient liability insurance to cover any reckless driving accidents you may get into while you’re driving, including property damage liability and bodily injury liability.
It’s also why SR-22 is usually only given to people who were involved in a driving incident and are now considered high-risk drivers due to their driving offenses.
High-risk drivers are typically stripped of their driving privileges. Only with an SR-22 certificate can they be allowed back on the road after a license suspension or revocation, helping them reinstate their license.
How to Get SR-22 Insurance
An SR-22 document certifies that you’re up to date on the minimum coverages required for payments for your minimum liability coverage insurance, helping you understand the sr22 full coverage insurance cost.
This is so that if you get your temporary license, you will at least have the financial ability to pay for your liabilities.
However, the first step to having an SR-22 certificate attached to your car insurance policy is to have sr22 car insurance coverage in the first place.
Here are the two ways you can acquire your SR-22 document.
With Active Car Insurance
If you already have an active and updated policy in place, the process will be much easier for you. All you have to do is contact your insurance company and tell them you need an SR-22.
However, keep in mind that not all insurance providers offer this service. You may have to consider switching providers if yours doesn’t have one of the best insurance for sr22 options.
Fortunately, we do offer SR-22 filing here at Magnum Insurance, so if you need a reliable and affordable policy, be sure to give us a call for competitive insurance quotes.
Without Car Insurance
If your insurance policy has already lapsed, you need to get a new one before you can get SR-22. Driving without insurance can lead to severe penalties.
The insurance rate premium will most likely be higher compared to the average since you’ll be considered a high-risk driver, though insurance premiums can vary.
Don’t worry – here at Magnum Insurance, we offer the best policy for you at a price that you can afford. Contact us today to get a quote and learn about our insurance discounts!
How Long Do I Need SR-22 Insurance?
This certificate will be active as long as your auto insurance company policy is active.
If your insurance lapses at any point in time while you’re carrying the SR-22 certificate, your insurance providers are legally required to notify the relevant authorities.
This will get your driving privileges revoked once again, so be sure to always pay your insurance on time.
How To Get SR-22 Removed
As for how long you will be required to file an SR-22 form, the policy varies by state. Some states will need you to be up to date in your insurance plan for up to six months, others three to five years. In Illinois, for instance, insurance requirements mandate that you carry your SR-22 file, similar to an FR-44 in other states.
However long it is, your SR-22 certificate will automatically be lifted once the term is over.
If, for some reason or situation, you don’t mind not having a license to drive, you will need to contact your provider to unsubscribe you from their insurance or simply stop payments. In such cases, you might consider a non-owner policy.
Getting SR-22 Insurance with Magnum Insurance
An SR-22 certificate is important for those who need to get them. That’s why you need to make sure that your provider carries SR-22 features and is convenient and helpful. Look for insurance with an SR22 to ensure you meet all requirements.
In that respect, Magnus Insurance should be your agent of choice. We are an insurance provider with a wide variety of expertise, so we are sure that we can assist you. Contact us today for insurance quotes!
