07
Oct

What Is SR-22 Insurance and Why Do You Need It?

Written by Finance Magazine. Posted in Car insurance, Local insurance company, Motorcycle insurance

On average, drivers will have auto accident claims at least once every 17.9 years. Many incidents, some involving insurance, can cause you to have your license revoked. Accidents can also cause drivers to have their licenses revoked or suspended. At any rate, working on getting a driver’s license back involves understanding more about an sr-22 filing and sr-22 insurance. An sr-22 may also be referred to as a financial responsibility filing or a certificate of insurance. They are required by many state Department of Motor Vehicles offices for what are known as high-risk insurance policies.

Working to get driving privileges back is a process that involves the term sr-22 filing. This type of filing is necessary when going through the required steps to become licensed and insured again. An sr-22 is a state filing that is required of drivers who have found trouble. You will need sr-22 insurance in order to get driving privileges back. Sr-22 insurance is not actually insurance, however.

What Is an sr 22?

Sr-22 is actually a form, not a kind of insurance. It is a certificate of financial responsibility that verifies that the individual named is carrying a state-mandated amount of auto insurance. Insurance companies use this type of form, and fill it out, to guarantee the government that you have been adequately insured and that you’re showing financial responsibility for any auto accidents. Sr-22 insurance is provided by insurance carriers who are willing to and able to file paperwork in accordance with state requirements when notification of coverage is needed.

What Does the Insurance Company Do for You?

The insurance company who files a certificate for sr-22 insurance for you will also keep your state updated concerning any care insurance policy cancellations and renewals for you. States usually want an sr-22 form to be on file for a few years after problematic incidents. This ensures there is verification that you are keeping insurance in good-standing all of the time.

Do You Need sr-22 Insurance?

Who actually needs sr-22 insurance? If you have not followed the rules of the road, chances are you need to learn more about sr-22 insurance Madison Wisconsin. There are many types of road violations that can force drivers into an sr-22 filing. Some of those road violations include driving without insurance, reckless driving, drunk driving, injuring a person in an at-fault accident, or a series of small accidents that cause you to increase points on your driver’s license. Every state is different when it comes to laws that govern sr-22 filings. The only consistent aspect is if you do not break any traffic laws, you will not have to worry about getting sr-22 insurance.

Differing Violations Cause Drivers to Obtain Forced sr-22 Insurance

You want to continue to drive and be a licensed driver. However, if you have ever been caught driving drunk, had many traffic violations in a few years, or you have been involved in an auto accident without insurance you are going to be forced to obtain a sr-22 certificate. A lot of insurance companies offer sr-22 insurance, but there are a few that do not offer it and will not respond to requests. Check with an insurance agency that offers high-risk insurance. They typically handle sr-22 filings on a daily basis and have plenty of options that can help you.

Getting sr-22 Insurance Is Not Difficult

When you purchase an auto insurance policy along with an sr-22 filing the process will be handled by your insurance agent. You are assured accurate prices whether you purchase your auto insurance online or in person. Some fees may not be available until a policy is purchased, so it is always best to speak with an insurance agent directly. Schedule an appointment to speak about your options as a high-risk driver so you can be fully educated concerning all of your insurance coverage options.

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