Understanding Insurance Issues

What You Should Know About SR22 Insurance

When it comes to auto insurance, there are various policies to choose from. If you have been in trouble with the law, the term SR22 insurance may have come up. SR22 insurance is actually a certification that is filed within the state you live in. It essentially allows your state to verify that you are carrying at least the minimal amount of insurance mandated by the state and that you are financially responsible for any accidents you are involved in. If an SR22 insurance policy sounds confusing to you, here are three things that you should know.

When it's Needed

The first thing that you should be aware of is that if you have a clean driving record and haven't run into any issues, an SR22 policy is not for you. However, if you have had certain driving violations, you may need an SR22 insurance policy in order to stay on the road. Some of the violations that may require an SR22 policy include driving under the influence, getting into an accident while not having insurance, and having multiple traffic violations within just a few years.

Where to Get It

Another thing to be aware of when it comes to an SR22 insurance policy is where to get one. Most car insurance companies offer SR22 insurance. You will typically have to fill out the form after you have purchased the policy. If you already have a policy, you will typically be able to have the SR22 added on. Another option is get something called non owners SR22 insurance. If your current insurance company does not offer SR22 insurance, you can buy a separate non-owner SR22 policy from another company. Your original policy would be your primary auto insurance. 

How Much It Costs

If you are in need of SR22 insurance, you need to be prepared to pay more for coverage. How much an SR22 will add to your auto insurance costs will vary depending on your driving history as well as from state to state. Typically you can expect to pay between $300 and $800 for an SR22. Filing fees will typically range from $25 to $50. Non owners SR22 insurance can help you save in certain situations. Before deciding on a policy it's important to look into your options in order to find the best value for your needs.

If you are in need of SR22 insurance, there are a few things to know. First, it's typically required after certain driving violations. Knowing whether or not you need it is key. Most insurance companies offer this type of policy but if not, non owners SR22 insurance is something you may want to consider. Costs can vary but typically range between $300 and $800.