SR22 and its effect on your premium

An SR22 insurance form is a certification form that is filed to the state where you live. An SR22 insurance form helps to describe to the state that you are carrying the minimum amount of car insurance which is mandatory for drivers to drive legally by the state. With SR22 insurance, car insurance companies give a guarantee to the state that you are carrying at least some car insurance and are financially responsible for an accident.

Where can you get SR22 car insurance?

You can get SR22 car insurance only after purchasing a car insurance policy from the car insurance provider. Without buying a car insurance policy you cannot obtain an SR22 car insurance form from the car insurance company.

You may also get SR22 car insurance on your existing car insurance policy. You are uninsured if your car insurance company failed to file your SR22 car insurance then you will have to purchase a new car insurance policy.

Non-owner SR22 insurance

You can save money by purchasing non-owner SR22 insurance. If your existing car insurer does not provide you SR22 non-owner insurance policy then you can buy it from another car insurance company. SR22 policy helps you to file SR22 with the state. The non-owner policy is not duplicate coverage but it does not cover any vehicle because it does not include any owned vehicles and regularly used vehicles. You need to purchase the same coverage limits of SR22 insurance as on your primary insurance policy.

It is wise to get a separate non-owner SR22 insurance policy from another car insurance company if you don’t want to switch your existing car insurance company only because you need SR22 car insurance.

Need for an SR22 insurance

SR22 insurance is beneficial for drivers who have a DUI in their records. Depending upon the state where you live there are different reasons to get SR22 insurance.

1. If you have a DUI in your record or any major alcoholic violation conviction.
2. Negligent driving record or other serious moving violation conviction.
3. Several car violations and accidents in driving records in a short period of time.
4. Driving a vehicle without insurance conviction.
5. If drivers are involved in an accident while driving without an insurance policy.
6. If arrested by the state for not carrying car insurance for the registered vehicles.
7. SR22 is required to obtain a probationary license.
8. To reinstate the driving license after a suspension SR22 is required by the driver.

You can get your license through SR22 insurance. It is required by you when the state or court-ordered you to get SR22 insurance. Court or state sends you a notice which describes why you need SR22 insurance. It also informs you how long the SR22 insurance form will stay on a file with the state.

If the driver requires higher liability limits then they need FR44 form. This form is similar to the SR22 form. FR44 form is required by the drivers involved in alcohol-related violations, It is required only in Florida and Virginia states of the USA.

How much does SR22 insurance cost?

SR22 insurance costs may be $25–30 which is charged by the car insurance companies to file an SR22 form.

Your car insurance premiums are also affected by the violations that resulted in the need for SR22 insurance. Car insurance premiums may increase by 85–90% yearly after filing a DUI with SR22. Click here to read more

This blog is republished from https://blog.mymoneymyquotes.com/sr22-and-its-effect-on-your-premium/