While SR22 insurance is not a desirable form of insurance by any means, it’s not the end of the world either. It can deter employers from hiring you, but not all. It can hurt your chances of getting a driver’s license down the road, but not always. To better understand this form, here are a few frequently asked questions from the people.
What is it?
The most basic question of all is what exactly is SR22 insurance? This is a form that most states will require you to have as it shows the state you have minimum liability limits for auto insurance. This is typically required for those who have received a DUI, have been cited for driving without insurance or have been targeted for some other major traffic violation.
What if I don’t own a car?
You can still get SR22 insurance regardless of whether you own a car or not. There are countless individuals carrying the form around without a vehicle to their name. You will need to talk with your insurance company about non-owner insurance. From there you can receive the required liability coverage that is not tied to any specific vehicle but rather any vehicle you drive.
How long is it valid?
Typically you will find this form of insurance is required for three years, but there are cases where your court may issue it for five years. You will be able to find the required time period on your suspension paperwork. And don’t try to cancer your SR22 policy before the suspension is up as the state will just suspend your license again.
How costly is it?
What confuses a lot of people is the cost as SR22 insurance itself is actually not all that much. All you are looking at to file an SR22 form to your auto insurance is $25 to $50. The real cost behind it all is the citation you have received. For example, a DUI has been known to cost individuals as much as $10,000+.
What happens if I move?
If you move in the middle of a suspension, you will be required to continue to file with the previous state. It is vital you inform your insurance company of the new address while keeping the SR22 insurance. The reason for this is because not all states require SR22 filing. For this reason, just make sure you talk with an insurance agent to ensure you take the proper actions.