SR-22 insurance, also known as an SR-22 certificate, is a document that you file with your state’s Department of Motor Vehicles (DMV) to show that you have the minimum amount of auto insurance that is required. Drivers who are considered high risk with certain driving offenses, such as DUIs, reckless driving, or driving with no insurance, generally need it.
In this article, we’ll explain what SR-22 insurance is, when you need it, and how it works.
SR-22 insurance is not a separate insurance policy but rather a certificate that verifies a driver has the required auto insurance coverage. Your insurance company submits this document to the DMV to prove that you are complying with state laws.
States typically mandate SR-22 insurance for high-risk drivers following violations such as:
The SR-22 requirement ensures that high-risk drivers maintain minimum liability insurance for a specified period of time, typically 1 to 5 years.
If you are ordered to obtain SR-22 insurance, the process generally involves the following steps:
Drivers may be required to file an SR-22 for reasons such as:
The SR-22 certificate itself typically costs a nominal fee (less than $15 to $25), but the real cost is the higher insurance premiums. Generally speaking, being classified as a high-risk driver results in very high rates.
Factors influencing the cost include:
It’s possible to prevent these extra costs by shopping around for insurance providers.
High-risk drivers are required by law to show financial responsibility and maintain minimum auto insurance coverage by obtaining SR-22 insurance. The certificate itself is inexpensive, but the insurance premium hikes that go along with it can be costly. It’s important to know the SR-22 process and to follow its requirements to regain and keep your driving privileges. Drivers who must obtain SR-22 insurance should check with their insurance provider or a legal professional to ensure compliance and explore options to manage costs effectively.
