SR-22 in Fort Myers, Florida
Navigating the world of car insurance can be complex, especially when terms like SR-22 come into play. Understanding SR-22s is crucial for those who need to reinstate their driving privileges and avoid further legal complications.
What Is SR-22 Insurance?
SR-22 insurance isn’t actually a type of insurance but rather a certificate of financial responsibility. It’s a form your insurance company files with your state to prove you have the minimum required car insurance coverage.
This form is typically required for high-risk drivers, such as those who have been convicted of a DUI, caught driving without insurance or involved in multiple traffic violations. The SR-22 can help ensure that these drivers maintain adequate insurance coverage for a specified period, usually three years.
If you need an SR-22 but don’t own a car, you can get a nonowner SR-22 policy, which can provide liability coverage when you drive a vehicle you don’t own.
How Does Having an SR-22 Affect Insurance?
Having an SR-22 may impact your insurance in the following ways:
- Higher premiums—Insurance companies view drivers who need an SR-22 as high risk. This typically results in higher premiums. The exact increase depends on the reason for the SR-22, such as a DUI or multiple traffic violations.
- Filing fee—There’s usually a small filing fee for the SR-22 itself. However, this fee is minor compared to the overall increase in your insurance costs.
- Duration—The SR-22 requirement usually lasts for about three years. During this period, you’ll need to maintain continuous insurance coverage, or your insurer will notify the state, which could lead to further penalties.
- Insurance options—Some insurers specialize in high-risk drivers and may offer more competitive rates for those needing an SR-22. It’s a good idea to shop around and compare quotes.
Learn More
Contact Baker Insurance Group Inc. to learn more about how to file an SR-22.