Insure Your Future

Being Prepared To Buy An SR22 Policy

7 March 2023 by Sue Palmer

You might be ordered by the court to buy SR22 insurance coverage. This insurance coverage is typically required for those convicted of severe traffic violations. SR22 is not an insurance policy but a certificate verifying that you carry enough coverage to meet your legal obligations. Not surprisingly, individuals may need a more thorough understanding of this insurance option.

Do You Only Need SR22 Insurance If You Own A Car?

It is a common misconception that you only need SR22 insurance if you own a car. In fact, even if you do not own a car, you may still be required to carry SR22 insurance. You can purchase a non-owner policy that will provide the required liability coverage for any vehicle you drive. This is a convenient option as it provides coverage regardless of whether you own any car you are driving. This type of policy is ideal for those who frequently rent or borrow cars.

What Happens If You Let The SR22 Policy Lapse?

If you let your SR22 insurance lapse, your insurance provider is required to notify the state. This can result in the suspension of your driver's license. There may also be expensive fines that you must pay and even jail time. It is crucial to make all your SR22 insurance payments on time to avoid any lapses in coverage.

When you cannot make a payment, contact your insurance provider as soon as possible to discuss your options. Some insurance providers can offer clients payment options that make it easier to afford this coverage.

How Long Do You Have To Carry SR22 Coverage?

The length of time you are required to carry SR22 insurance varies by state and the reason for the requirement. It is typically required for at least a few years but can be longer. You will receive a notification from your state's DMV when you are no longer required to carry SR22 insurance.

You must only cancel your SR22 insurance once you receive notification from the state that it is no longer required. If you have questions or concerns about canceling this policy, it is best to consult with your attorney.

Is It Worth The Effort To Get Several SR22 Insurance Quotes?

SR22 insurance carriers have varying standards for determining the cost of coverage a person will pay. Getting several quotes to find the best rate possible is worth the effort. In addition to comparing the cost of the SR22 policy, you should also review the payment options and the quality of customer service you can expect.

For more information on SR22 insurance, contact a professional near you.

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