What is SR22 insurance and what does it cover?
Many people may not know much about SR22 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 SR22 insurance?
SR22 is 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 an SR22 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.
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 SR22?
This insurance could be required in many cases. However, the most frequent reasons for this kind of insurance are:
- If you have been caught driving without a valid insurance
- If you are caught driving under the influence or while intoxicated
- If you are caught driving without a license or with an expired one
- If you have too many tickets in the short time frame
Where can you buy SR22 insurance?
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 SR22 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 an SR22 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 SR22 insurance cover?
An SR22 is there to cover property damage and any 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. SR22 will not, in all cases, cover the repair or replacement value of the owner’s car or that of the other vehicle involved in the accident. This may differ in a no-fault accident or one in which the reinstated motorist was not guilty.
Breathe Easy Can Help
If you are looking for the best rates for SR22 insurance in California, call our experts at Breathe Easy Insurance today.