When talking insurance, it can be easy to become confused rather quickly. There are a number of different terms, forms and kinds of insurance that can affect you or may never impact you whatsoever. And one prime example is Sr22 insurance.
You may have heard the term Sr22 insurance at some point, but the truth of the matter is there is no such thing. What people actually mean is the Sr-22 form that is used to show you have certain insurance coverage in a place that a state has mandated you to carry.
This could very well be the state minimum liability coverage or a higher liability limit the state requires you to show proof with using the form. How long you have to carry the form around depends on the state and the circumstances.
Requirements surrounding Sr22 insurance and the insurance policy do vary from state to state. However, typically it is required as soon as you reinstate your driver’s license following some kind of suspension or revocation from traffic violations. The most common example of this is a DUI or driving without insurance.
Again, the time you required to carry the form will vary from state to state. But the general rule of thumb is three years if you have been mandated to obtain an Sr-22 certificate of financial responsibility.
While Sr22 insurance isn’t an actual kind of insurance, it is the simple way of saying car insurance policy is in place. The car insurance coverage and limits that must be carried with the form will vary. It is important to note the auto insurance policy associated with the filing is no different than that of a normal insurance policy or coverage.
A common question from people is whether or not Sr22 insurance gives them the privilege to drive other vehicles or not. Because it is the same type of policy as the one you would carry without the form, it would still be considered secondary or excess to the primary insurance of the car owner.
Sr22 forms can be received through a plethora of difference insurance companies including Esurance, Progressive, Safeco Insurance and Unitrin Direct. Because of this, it is important you take the time to price compare to get the best quote possible.
It can be a minor nuisance having Sr22 insurance, but it is nothing permanent and far better than not having a license whatsoever. But the next time someone asks about Sr22, just know it is a simple form and not the actual insurance.