An SR22 is a certificate of financial responsibility required in certain states for drivers who have committed serious traffic violations, such as driving under the influence (DUI) or reckless driving.
If an SR22 lapse occurs, the state’s Department of Motor Vehicles (DMV) may suspend or revoke your driver’s license. This can lead to significant inconvenience and potential job loss for many working individuals.
To reinstate a suspended or revoked license, you will likely need to pay reinstatement fees and provide proof of a valid SR22 policy.
A lapse in SR22 coverage can result in higher insurance rates when you reapply for coverage. This is because insurance companies view a lapse as an indication of increased risk.
In some cases, a lapse in SR22 insurance can result in legal penalties, including fines or even jail time.
To avoid the consequences of an SR22 lapse, it is essential to: