SR22 Insurance – Have you tried to interpret its definition on your own? Like the other 99.99%, you too have guessed it as a kind of insurance. But, it is not. Although, it is a certificate that is issued to drivers or car owners and contains a detailed explanation of the insurance policies liable to the concerned person. It defines the liability limits and further ensures coverage of the loss of property damage or bodily injuries due to accidents. This agreement is signed between the Motor Vehicle Department and Insurance company itself on your behalf. Following a serious violation, you should apply for SR22 insurance.
SR22 Insurance
When you have violated the rules, you may be called by local authorities. They will ask you to show the certificate issued by the company. When a nearby DMV department summons you, contact your insurance company and apply for the certificate. In the US, not all companies are accepting these applications, but most do. You have to pay for the certificate – a 1-time fee. The validity period for the certificate is 36 months. For renewing the certificate, you will have to pay the charges.
When is the SR22 certificate needed?
In the US, if you drive after drinking, you will be charged. In this case, you need an SR22 certificate. Moreover, implications differ per state. Here are a few violations that may necessitate the issuance of an SR22 certificate.
- Numerous violations in the recent days (e.g. 3 or more speeding tickets in previous 6 months or less)
- Reckless driving
- DUI convictions
- Driving without insurance
- Suspended licence
- Numerous at-fault violations
Types of the SR22 certificate
Following are the 3 kinds of SR22 certificates;
- Owner SR22 Certificate – for drivers who have a car and drive themselves
- Non-Owner or Operator SR22 Certificate – for drivers using leased vehicles.
- Owner/Operator SR22 Certificate – the combination of the above 2. They operate their cars and also lease others.
While owning an SR22 certificate, don’t let the coverage lapse. If the situation develops, the insurance company will inform the state administration. Though, your driver’s license may be suspended as a result of this. Additionally, by making several continuous violations, the SR22 expiry deadline postpones and further adds to the premium.
Cost of SR22 Certificate
The SR22 certificate is not costly, as the price ranges between $17 to $45. SR22 insurance policy costs differ from company to company and state to state. In some states of America, there is a fixed price – $25. This is not a recurring payment, as you pay it once. Renewal charges are paid when the coverage lapse. SR22 insurance quotes, on the other hand, are far costlier than standard auto insurance prices. This is because these drivers pose an increased risk than regular drivers.
Take Away!
SR22 certificate should be in the portfolio of the driver as it is in his favor. You should sign agreements with the insurance companies that issue SR22 certificates. Explore different insurance companies‘ websites and gather the quotes. Read the reviews on customer service and financial support.
