What is SR-22 Insurance and What Does it Cover?
Many people may not know much about SR-22 insurance. Maybe you know a person who needed it at one point in their lives. Or, maybe you are that person? We are going to try to clear up a few questions regarding this issue.
What is SR-22 Insurance?
SR-22 is a document produced by an insurance company and filed with DMV verifying that a driver has adequate auto liability insurance. A driver may be required to file after a driver’s license suspension or revocation. Drivers who have had their licenses suspended or revoked due to car accidents, speeding, or driving while intoxicated are usually the ones required to comply.
SR-22 State Filing
The insurance company will also keep the state updated on your car insurance policy renewals and cancellations. The state usually demands this filing for a few years to make sure you are keeping your insurance in good standing consistently.
Who Should Buy It?
This insurance could be required in many cases. However, the most frequent reasons are:
- If you have been caught driving without a valid insurance
- If you are caught driving under the influence or while intoxicated
- If you have too many tickets in the short time frame
Where Can I Buy It?
If you prefer online purchases, you can get your insurance via the Internet, or you can contact an insurance company and meet with the agent. The difference between these two purchases is that when you decide to buy online, you may not know the price of the fee until the purchase is over. That could be tricky because fees vary from state to state. On the other hand, if you directly contact your agent, you will immediately find out how much money you have to prepare for fees. Not every insurance company offers SR-22 insurance.
Not Every Insurance Company Offers SR-22 Insurance
This can be due to the fact that drivers subject to the classification are also considered high-risk drivers.
How Much Is It?
The prices are high, and the main reason for that lies in the fact that you are considered to be a high-risk driver. Therefore, expect to pay more for your auto insurance premiums. Driving while intoxicated, multiple traffic violations or an accident with current insurance all lead to high-risk insurance rates. If you include an additional fee such as for filing, you are definitely paying more than an average driver. State filing fees vary from state to state. However, you should expect to pay at least $25 on top of the cost of your insurance coverage.
What Does It Cover?
An SR-22 is there to cover property damage and personal injury liability arising from an accident in which the covered driver is involved. It is considered a “financial responsibility” insurance because it covers the driver’s liability to others who may be involved in an accident. It will not, in all cases, cover the repair or replacement value of the owner’s car.
Breathe Easy Can Help You Get Affordable Insurance After a DUI
If you are looking for the best rates for SR-22 insurance in California, call our experts at Breathe Easy Insurance today
