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In most states throughout the U.S., your driver’s license could be suspended or revoked for a number of reasons such as excessive driver points, major moving violations such as DWI, DUI, and reckless driving, outstanding traffic tickets, and even failure to pay child support. If your driver’s license is suspended for any of the reasons listed above, you will have to obtain a special type of insurance in order for your driver’s license to be reinstated. SR-22 insurance is a type of high-risk insurance that carries a specific set of conditions not found in other types of auto insurance policies.
Under the conditions of SR-22 insurance, the insurance company must certify coverage to the Department of Motor Vehicles (DMV) in your state. Under state law, the insurance company must notify the DMV if the policy is canceled, terminated, or lapses. If you are required to obtain SR-22 insurance, even if you no longer own a car, you must obtain a non-owner SR-22 policy. Non-owner SR-22 is specifically designed for individuals that do not own a vehicle, but need auto insurance in order for their privileges to be reinstated.
SR-22 auto liability insurance must be carried for three years from the date driving privileges were reinstated. The same time period applies to non-owner SR-22 insurance. During the three years, the law requires the insurance company to notify the DMV if:
• You are late making premium payments
• There is a lapse in your SR-22 policy for any reason
• You switch insurance providers
If the insurance company notifies the DMW for any reason, however, your license will be suspended immediately for failure to comply with the SR-22 auto insurance requirements. It is important to note that even if your coverage lapses for 1 day or you are late making a payment by 1 day, your license will be suspended. Once your license has been suspended for failure to comply, your SR-22 policy will have to be renewed before your driving privileges will be restores. Unfortunately the three year period will start all over again – from the date your driving privileges were reinstated.
Not all insurance companies offer SR-22 auto liability insurance, but most do. To obtain the best rates on SR-22 auto liability insurance, contact any auto insurance broker or a licensed SR-22 auto insurance broker. Only agents and brokers licensed in your state may issue SR-22 insurance. Start by contacting the National Association of Insurance Commissioners (NAIC), either online at www.naic.org or by phone at 816-783-8500. The NAIC can help you locate licensed agents and brokers in your state. You an also call your local DMV or visit the website.
After obtaining SR-22 liability insurance, you will receive a certificate of insurance. This certificate, called an “SR-22,” is required as proof of insurance by the court in your state or under current state law. The SR-22 certificate should remain active and be carried in the vehicle at all times. Currently, Delaware, Kentucky, Minnesota, New Mexico, Oklahoma, and Pennsylvania do not require SR-22s.
SR-22 Fees
In states that write or require SR-22s, certain fees may be assessed. In some states, such as California, penalty fees can reach up to $250 and reinstatement fees can total $55 or more.
By: Michelle Burton
Under the conditions of SR-22 insurance, the insurance company must certify coverage to the Department of Motor Vehicles (DMV) in your state. Under state law, the insurance company must notify the DMV if the policy is canceled, terminated, or lapses. If you are required to obtain SR-22 insurance, even if you no longer own a car, you must obtain a non-owner SR-22 policy. Non-owner SR-22 is specifically designed for individuals that do not own a vehicle, but need auto insurance in order for their privileges to be reinstated.
SR-22 auto liability insurance must be carried for three years from the date driving privileges were reinstated. The same time period applies to non-owner SR-22 insurance. During the three years, the law requires the insurance company to notify the DMV if:
• You are late making premium payments
• There is a lapse in your SR-22 policy for any reason
• You switch insurance providers
If the insurance company notifies the DMW for any reason, however, your license will be suspended immediately for failure to comply with the SR-22 auto insurance requirements. It is important to note that even if your coverage lapses for 1 day or you are late making a payment by 1 day, your license will be suspended. Once your license has been suspended for failure to comply, your SR-22 policy will have to be renewed before your driving privileges will be restores. Unfortunately the three year period will start all over again – from the date your driving privileges were reinstated.
Not all insurance companies offer SR-22 auto liability insurance, but most do. To obtain the best rates on SR-22 auto liability insurance, contact any auto insurance broker or a licensed SR-22 auto insurance broker. Only agents and brokers licensed in your state may issue SR-22 insurance. Start by contacting the National Association of Insurance Commissioners (NAIC), either online at www.naic.org or by phone at 816-783-8500. The NAIC can help you locate licensed agents and brokers in your state. You an also call your local DMV or visit the website.
After obtaining SR-22 liability insurance, you will receive a certificate of insurance. This certificate, called an “SR-22,” is required as proof of insurance by the court in your state or under current state law. The SR-22 certificate should remain active and be carried in the vehicle at all times. Currently, Delaware, Kentucky, Minnesota, New Mexico, Oklahoma, and Pennsylvania do not require SR-22s.
SR-22 Fees
In states that write or require SR-22s, certain fees may be assessed. In some states, such as California, penalty fees can reach up to $250 and reinstatement fees can total $55 or more.
By: Michelle Burton