What Is SR-22 Insurance and How To Get Cheaper Quotes

When you get yourself in a violation of strict traffic rules, then you may need to require SR-22 insurance. It is a requirement from the DMV to get back your driver’s license or need to keep it. In this case, you will need an SR-22 form from your insurance carrier.

I know that getting yourself in such a situation is not fun as you are going to end up paying higher premiums for your auto insurance. However, the actual rates of premium depend on different factors such as violation and your driving record. Well, it does not mean that you should not shop around to find cheap insurance quotes.

What is Exactly, SR-22?

Well, an SR-22 bond is basically a policy, or rather you can say a document to prove that you have the minimum liability insurance required by your state. That is why; it is also called a certificate of financial responsibility. The insurance company will file this form on your behalf to the DMV as proof that you will maintain the coverage for a specified period. If you are unable to do so, then the carrier will notify the state, which can result in the suspension of your driver’s license.

Who Exactly Needs This Insurance?

If you repeatedly do traffic violations or get yourself in a serious traffic violation, this insurance will allow you to get back your driving privileges. You will need it if:

• You have convicted of DWI, DUI or any other dangerous violation
• Also, you have an accident without insurance.
• Furthermore, you are going to need it if you get too many traffic violations in a short time. For example, if you receive three speeding tickets in six months.
• You will also need it if you are unable to pay court-ordered child support.

There is also a form called FR-44 that you will need to file in the state of Virginia and Florida. You need to keep in mind that this type of structure requires a higher level of liability coverage. You also need to know that not all the states require these forms. Some people ask, “How do I know when my SR22 is up“. Well, only the DMV can answer this question, so it is better to check with the department of motor vehicles of your state.

How Can You File This Form?

Well, the process of getting this form is not very difficult. Furthermore, the procedure can vary from one state to another. When the DMV requires an SR-22 from you, you should contact the insurance company first. Maybe your current carrier is not providing this service. In this case, you will need to shop around to find a company that does. If you do not have auto insurance, then you first need to buy a policy to get your driving privileges restored. Many carriers will require you to pay six or twelve months premium upfront.

After buying an auto insurance policy, now you can go ahead with filling an SR-22 form with your state.

What is The Cost of SR-22?

Well, the actual cost of filing the SR-22 form depends on the state and your location. Typically, the one-time fee of filling this bond is around $25. However, it is not the only cost of insurance. You will also need to pay higher premiums for your car insurance. How much you will end up paying depends on your location and what violation results in requiring SR-22 insurance. It also depends on the company you choose for buying a policy. The only way to find the cheap rates is to shop around and compare the quotes from multiple insurance companies.

Why Should You Shop Around?

Well, it is not possible that the first company you contact will give you the lowest rate on the market. You also need to keep in mind that no insurance carrier is cheaper. To find out the most competitive SR-22 quotes, we compared different insurance companies in 10 states. We start finding insurance for a driver with DUI, which is considered a serious traffic violation. The cheapest SR-22 rates with a DUI were in Florida. But still, these rates were too high as compared in Georgia and California.

So, whenever you are convicted of DUI, you should keep in mind that you are going to need SR22. Furthermore, it is essential to keep in mind that this insurance with DUI is not cheap, and it is good to shop around to find the best rates. It is also possible that your current insurance provider may cancel your coverage in light of the violation. In such a case, there is no choice but to find a cheap insurer that can provide cover.