If you are looking on information about SR22 Insurance, then sit down comfortably and keep reading, because this is the article you have been looking for. Here we will tell you all the basic information you need to know about SR22 insurance policy. First, we are going to explain what exactly SR22 insurance really is. Then, we will get into the reasons that may take you to obtain such a policy. Finally, we will explain the different forms the SR22 certificate can adopt. After reading this article, you will know everything you need in order to choose an insurance company and buy the SR22 insurance policy that best suits your needs.
What exactly is SR22 Insurance?
If you are asking this question, it is probably because somebody told you to buy such insurance, or because you have heard it mentioned for the first time. To begin with, please notice that SR22 is not a type of insurance. Actually, it is the name of a particular form that insurance companies offer filings for. The SR22 Insurance is the proof for the department of Motor Vehicles that you are now in compliance with the state’s minimum requirements for Auto insurance.
Why would I need SR22 Insurance?
This kind of form is required after a driver has been cited for driving without the minimum required coverage. Governments require some mandatory insurance for protecting the interest of those who may get hurt (or may have their valuable property damaged) in an accident involving a motor vehicle. However, some people drive without the required insurance and then get involved in traffic violations, such as speeding tickets, excessive accumulation of points on one’s driver’s license, driving under the influence, etc. In such case, their license gets suspended or even revoked in a certain state. If that was your case, you will need an SR22 insurance policy to get your license back. Consider that its average cost depends on the reason why your license was suspended or revoke for in the first place: was it your first offense? Was there an accident? Was anyone injured?
Who should get an SR22 Insurance policy?
This is not a silly question. The fact is you don’t need to own a car to buy this kind of policy. In fact, the SR22 certificate is issued in one of the following forms: Operator’s Certificate (which covers the motorist in the operation of any non-owned vehicle), Owner’s Certificate (which covers vehicles owned by the driver) and Operators-Owners Certificate (which covers all vehicles owned or non-owned by the driver). So, if you usually borrow someone else’s car, you should consider buying a policy for yourself to avoid problems later.
We have told you what exactly a SR22 Insurance is, why would you need it in the first place, and why you should consider buying it, even if you don’t own a car. Now you can find out which insurance company is more convenient to you according to your financial situation and the legislation in your state of residence.