What is SR-22 Insurance?
An SR-22 is not an insurance policy; it’s simply a financial responsibility form proving that you have insurance coverage. The SR-22 is filed with your state by your insurance company and certifies that you carry the minimum liability coverage on your car insurance policy. If you do not own a motor vehicle, you must purchase “non-owners” liability coverage. If you’re not currently insured, this could cause your driving privileges to be revoked.
The SR-22 must be submitted from the home office of the insurance company. The issuing insurance company must be authorized to write financial responsibility insurance in your state and have a “power of attorney” on file in your state. Our office maintains a listing of authorized agents and companies.
An SR-22 requirement can be issued by the state or a judge and is usually required for three consecutive years. SR-22, or high risk auto insurance, can be required of drivers for a variety of reasons, including:
- Driving without auto insurance
- Driving under the influence (DUI)
- Driving with a suspended or revoked license
- Other major moving violations such as reckless driving
- Three moving violations within 12 months
- Unsatisfied judgment suspensions
- Being found at-fault in an accident while driving uninsured
How Long Do I Need an SR-22?
Expect a long relationship with your SR-22 — most likely three years — similar to a probationary period after a criminal offense. You must carry continuous insurance during the specified period of time before SR-22 status is removed. If your policy lapses or is canceled, your auto insurance company is required to notify the state immediately and your license will be suspended again.
If you are an InsureOne customer, we’ll cancel or terminate an SR-22 by filing a separate form with the state (an SR-26 in many states), generally 10 days before the SR-22’s expiration.
We’ll file the actual SR-22 form with your state’s Department of Motor Vehicles (DMV) to show proof of insurance for you. Once we file your SR-22, your license suspension will be removed and you can drive again legally.
Note: SR-22s are state specific — what’s required in one state may not apply in another state.
At the present time, if you have an SR-22 in one state but move to another state, you must complete the SR-22 filing period for your former state, even though you no longer live there. Also, your insurance policy for your new state must have liability limits which meet the minimums required by law in your former (SR-22) state.
If you cancel an insurance policy, your carrier must immediately notify the state that you are no longer covered and your SR-22 form will be canceled. If you plan to cancel your policy because you are changing insurance companies, you must have the new policy with an SR-22 in effect before you cancel. Be aware, even a one day lapse in coverage can cause your three year time period to start all over again.
After probation ends – SR-26 filing
If an SR-22 expires or is canceled, the carrier is required to issue an SR-26 form, which verifies the cancellation of the policy. If this form is filed before your policy term and probationary period are over — implying you may be driving without meeting your financial obligation— the state may revoke your driving privileges.
If you’re looking for the cheapest SR-22 insurance, give us a call. We’ll find the right coverage you need.