SR22 insurance is a type of financial responsibility insurance that is required for drivers who have been convicted of a serious traffic violation, such as a DUI or reckless driving. By filing an SR22 form with the state, you are certifying that you have the required level of auto insurance.
SR22 insurance is a state-mandated insurance filing that proves to the Department of Motor Vehicles (DMV) that you have the minimum required auto insurance coverage. This filing is typically required for individuals who have been convicted of certain traffic offenses, such as DUI, reckless driving, or driving without insurance.
SR22 insurance serves as a guarantee to the state that you have met your financial responsibility requirements and are able to compensate for any damages or injuries caused by your driving. It is important to note that SR22 insurance itself is not an insurance policy but rather an endorsement or certification added to your existing auto insurance policy.
The cost of SR22 insurance varies depending on several factors, including:
Generally, drivers with a clean driving record and minor traffic violations will pay less for SR22 insurance than those with multiple serious violations. The cost can range from a few hundred dollars to over a thousand dollars per year, depending on the factors listed above.
To obtain SR22 insurance, you need to contact your insurance company and request that they file an SR22 form with the DMV. There may be an additional fee for this service.
Once the SR22 form is filed, your insurance company will send you a copy of the document for your records. You should keep this document in your vehicle at all times as proof of financial responsibility.
If you are required to have SR22 insurance and fail to obtain it, your license may be suspended or revoked. You may also face fines and other penalties.
Having SR22 insurance is crucial for drivers who have been convicted of serious traffic violations. It is important to understand the cost and requirements associated with SR22 insurance to ensure that you are compliant with the law and can continue driving legally.