SR22 Insurance
Every so often someone will need an SR22 filing, also known as high-risk insurance. The SR22 is a form that is filed with the state and guarantees them that you have purchased insurance. If you should let your insurance lapse, the insurance company would promptly notify the state with a SR26 form that rescinds their SR22 form.
SR22 Insurance is typically more expensive than standard auto insurance. With the exception of the SR22 form, there is no difference in the coverages that are available to you. Some insurance companies, however, may refuse to write a policy for someone who needs an SR22 filing. Additionally, your existing insurance company may cancel your insurance if you need an SR22 while you’re insured with them.
The reasons that people get an SR22 vary, but some reasons include:
- Receive a Driving Under the Influence ticket
- Too many speeding tickets
- Reckless Driving conviction
- Too many accidents
SR22 Insurance Can Also Include:
- DUI Insurance: A specialized coverage required for individuals with a history of driving under the influence (DUI) convictions. Typically more expensive than standard auto insurance, DUI insurance helps high-risk drivers meet legal obligations by providing additional coverage and serving as proof of financial responsibility, assisting them in reinstating their driving privileges after a DUI-related offense.
- Suspended License Insurance: A specific type of coverage designed for individuals who have had their driver’s licenses suspended due to various reasons, such as traffic violations, DUI convictions, or failure to maintain proper insurance. This specialized insurance helps individuals meet legal requirements, providing coverage during the period of license suspension and often serving as a crucial step toward license reinstatement. It is tailored to high-risk drivers, and obtaining such insurance may be a necessary step in regaining the privilege to drive legally.
- Liability-Only Auto Insurance: A basic coverage that protects the policyholder financially in case they cause damage or injury to others in a car accident. This insurance typically includes bodily injury and property damage coverage, meeting the legal minimum requirements in many states. However, it does not cover the policyholder’s own vehicle damage or medical expenses, making it a cost-effective option for individuals seeking to fulfill legal obligations while minimizing premium costs.
Needing SR22 insurance is not the end of the world. Your Red Gorman Insurance agent will make the process painless and most of our companies will file directly with the state. You can even often leave our offices directly with an SR22 form.
“But I don’t even own a car! Why do I need an SR22?”
This is referred to as non-owners SR22. An SR22 does not cover a vehicle, but is a form for a driver who holds a driver’s license. Each state carriers different laws, so be sure to talk to your Red Gorman Insurance agent today about what you need to do if you need an SR22 filing.