If you're like most people, you've probably never heard of SR-22 insurance. And like most people, you probably won't need it. Still, it's good to be in the know.
SR-22 Insurance, also known as a Certificate of Financial Responsibility (CFR), is not really insurance. It's a kind of liability coverage your auto insurance provider files with the DMV to vouch for you.
If you don't know much about an SR-22, don't worry. So long as you drive safely and keep on top of your car insurance, you will probably never need one. Just in case, here's a little about SR-22 insurance to keep you informed.
Who Needs SR-22 Insurance?
Drivers who need to file for an SR-22 usually committed or were convicted of any of the following:
- DUI or DWI
- An at-fault accident while driving without car insurance
- Repeat traffic violations
- Driving with a revoked or suspended license
As a result, you may have to go to court where a judge will order you to file for an SR-22; otherwise, expect the consequences to be greater.
How Much is an SR-22?
An SR-22 filing fee varies from state to state, but is generally around the $15 to $25 range. If you already have car insurance, you only need to add an SR-22 to your existing policy. Be prepared for your rates to increase though, since filing an SR-22 is the mark of a high-risk driver.
If you don't have car insurance, you'll need to purchase both a policy and an SR-22. Keep in mind that insurance providers generally consider drivers who need an SR-22 riskier. Although your rate will be determined by the factors that are normally involved in rating a policy, your rates may be higher right off the bat.
How Long am I Required to Have an SR-22?
The majority of states require drivers to carry SR-22 insurance for three years, depending on the severity of the offense. Throughout that time, you're expected to maintain continuous auto insurance coverage. This means, if you do have an SR-22, any cancellation or lapse of coverage requires your insurance provider to legally notify the DMV. As a result, your license may be suspended.
The bottom line is to drive safely. If you do this, you'll more than likely never need an SR-22, making the information provided here all you need to know.
We help every driver find the right coverage. Call Peachstate Insurance at (877) 997-2478 for more information on Atlanta SR-22 insurance.