Facts about SR-22
First of all, let’s talk about what an SR-22 is and isn’t. An SR-22 is a guarantee issued by a car insurance company that you will be able to meet the minimum insurance requirements for operating a vehicle for a specified period of time (typically 3 to 5 years depending on the violation). If you are violation-free for that prescribed period, you will not be required to obtain another SR-22 but can get regular car insurance. If you get any violations in that period, your SR-22 requirement will probably be extended.
An Sr-22 is sometimes called a certificate of financial responsibility. It is not, though, an insurance policy as we know it. For one thing, there is no ID card that typically comes with insurance coverage. For another thing, it is way more expensive and difficult to obtain than standard car insurance. However, because it has to be issued by a car insurance company which guarantees coverage in case of accidents, to all intents and purposes it is an insurance policy.
An SR-22 is usually required to lift the suspension of a driver’s license because of serious and/or numerous traffic violations. The more common reasons for needing an SR-22 include:
- DUI conviction
- Driving without insurance coverage
- Responsible for a serious car accident
- Too many violation points on the driving record
Applying for one requires the following steps:
- Inform your insurer your license has been suspended
- Get a risk rating reassessment.
- Choose the type of insurance coverage you will buy as long as it is compliance with minimum state requirements.
- Pay the premium and send the SR-22 to the local Department of Motor Vehicles.
Not all states require SR-22. If you are required an SR-22 in order to operate a vehicle legally in your state, it means that you’re a high-risk driver. You will need to apply for it through your car insurer and because you are high-risk, your insurer may not want to accommodate you. You will probably need to find another provider that specializes in SR-22. You can obtain more information about an SR-22 by asking a car accident lawyer.