“Drivers who must file an SR-22 will pay more on their insurance. To save money, they can buy a used car that doesn’t require collision coverage, or they can choose to pay a higher deductible. said Russell Rabichev, chief marketing officer of Internet Marketing Company.
LOS ANGELES (PRWEB)
February 21, 2022
Compare-autoinsurance.org has launched a new blog post that explains what SR-22 auto insurance is and who needs it.
For more information and free car insurance quotes online, visit https://compare-autoinsurance.org/what-is-sr-22-car-insurance-and-how-does-it-work/
An SR-22 is not actually a type of auto insurance. In fact, it is a certificate proving that a driver has car insurance. The SR-22 tells the state Department of Motor Vehicles that the driver currently carries the state’s minimum amount of liability insurance. Only drivers with specific traffic violations or criminal offenses need to complete an SR-22 form.
To learn more about SR-22 insurance, read the following:
- State laws and SR-22. SR-22 regulations are not uniform across all states. In some states, drivers convicted of certain traffic violations will not need an SR-22 certificate at all. In other states, drivers may need to file an SR-22 form as soon as they have been convicted of a traffic violation. Some states may require filing to occur soon after an accident or license suspension. Finally, in some states, the driver does not need to complete the SR-22 form until they have their license recovered and can drive again.
- Does SR-22 insurance provide coverage? SR-22 is not actual insurance. The role of the SR-22 is to notify the state if a driver convicted of specific offenses carries liability insurance. Legally, drivers cannot drive without having the minimum amount of financial responsibility coverage. In some states, drivers will also need to purchase coverage for uninsured or underinsured motorists.
- Who Needs SR-22 Insurance? Drivers will need an SR-22 if convicted of traffic violations such as serious at fault collision, driving under the influence, driving under a suspended or revoked license , the cause of an accident by driving without insurance, reckless driving or obtaining too many points on the license in a short period of time. In some cases, non-payment of child support may also result in a court-ordered SR-22 filing requirement.
- How long do convicted drivers need an SR-22? Usually, SR-22 insurance is required by law for 3 years. However, drivers convicted of serious crimes, such as drunk driving, can expect to file an SR-22 for 5 years or more.
- What states require an SR-22? Not all states require an SR-22. Some states require the filing of a similar form, the FR-44, while other states have their own systems for tracking driver infractions and auto insurance. Only the states of Delaware, Kentucky, Minnesota, New Mexico, New York, North Carolina, Oklahoma and Pennsylvania do not use the SR-22 form.
- What if the convicted driver no longer owns a vehicle? If the convicted driver does not own a vehicle but uses a friend’s car to drive them regularly, the convicted driver will require coverage and an SR-22 deposit. In this situation, the convicted driver must purchase a non-owner automobile insurance policy. If the convicted driver borrows a car from one of the household members, such as a relative, the insurer will need their name on their policy.
- What happens with the bonuses? Once an SR-22 filing is required, drivers can expect their premiums to increase significantly. At a minimum, drivers can expect their fares to increase by around 50%. In some cases, drivers may find their premiums nearly double.
For more information, money-saving tips, and free auto insurance quotes, visit https://compare-autoinsurance.org/
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