Are you looking for cheap SR22 insurance quotes or just more information regarding SR22 insurance? We are here to help you! Did you know that you can save up to $450 by comparing free no obligation SR22 quotes online? You have the freedom to select the right policy for you by simply completing a quick online form. Its fast, easy and secure. Wouldn’t you like to spend your hard earned cash on things you really want rather than paying for overpriced auto insurance policy?
Most people overpay for auto insurance and its simply because they go with the first quote they get. It may seem easier to just renew your policy with your current insurer, but is it really worth it? How would you feel if you knew that spending a few minutes comparing quotes online could have saved you up to 30% on your insurance? It is amazing how we sometimes spend a lot of time and effort to save a few dollars, but don’t really bother when it comes to the big financial decisions we need to make every year.
What is actually this SR22 insurance I was told I need?
Well, it is probably a good idea to state now that the commonly used term SR22 insurance does not really refer to a specific type of car insurance. What it refers to is an insurance policy which requires SR22 filing. Not that long ago the actually filing was done manually by submitting a SR22 Form to the local authorities. Now its mostly done electronically and you don’t even have to do it yourself. Your insurance company will submit the form on your behalf as long as you have told them to do so.
In essence, having SR22 insurance aims to prove financial responsibility. It shows that you have purchased at least the minimum amount of insurance liability cover. When the department of motor vehicles in your state receives the SR22 From by your insurance company, your driving license suspension will be lifted if, of course, it was suspended in the first place.
Who is supposed to carry SR22 required?
As you can probably guess, not every driver needs SR22 Insurance. There are a number of reasons why you may be required have a proof of financial responsibility. The main ones are:
- Drink driving (DUI/DWI)
- Causing an accident without being insured or in same states just driving uninsured
- Receiving too many points on your license for speeding, reckless driving etc.
- Repeatedly violation the traffic laws
It is worth mentioning that SR22 requirements are different in most states the same way the auto insurance laws and required liability limits are different too. In same states you may be required to file SR22 for not paying child support, while others do not require SR22 insurance at all. Before obtaining quotes, it is a good idea to know exactly how much cover you actually need.
Even if you don’t own a vehicle, you can still be required to have insurance. It is called non-owner SR22 insurance. What you should know is that such policy will not cover the vehicle you drive but only the liability that you may cause up to specific limits.
For how long do I need to have SR22 Insurance?
State requirements and personal circumstances will be the determining factor, but the usual time frame is 3 years. The most important thing is to have continues cover during that period. If you let your policy laps for some reason, you insurance provider is obliged by law to inform the DMV by submitting a SR26 form. If that happens, the period for which you are required to prove financial responsibility will most likely be reset and your driving license suspended.
You may be wondering what will happen if you move to a different state where the auto insurance laws are different. In most cases you will still have to have SR22 and as much liability cover as specified by the state you used to live in.
Do I have to pay any SR22 fees?
Often there will be penalties associated with the reason why you must have SR22 insurance in the first place. You can expect to pay $250 penalty and another $50 or more if your driving license needs to be reinstated.
What you need to be more concerned about are not the SR22 fees but the increase in your insurance premiums. If you need to file an SR22 form than insurance companies will see you as a high risk driver. You don’t have to be a rocket scientist to work out that it basically means having to pay more for your auto insurance. Depending on your circumstances some insurance providers may cancel your policy straight away and other may refuse to insure you at all.
That is way it of such a paramount importance to shop around. Don’t be afraid to get as many quotes as possible. If you ask a professional insurance broken, you will probably be advised to obtain quotes from at least 3 companies, 5 is even better. See what the cheapest SR22 insurance quote you can get online and then you can always ring your local insurance agents and ask if they can come with a better quote.