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What is an SR-22? Insurance Damage Control 101 [VIDEO]

  • Auto Insurance
  • Renee Martin
  • 3 minutes

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This one’s a bit of a situation – you’ve been cited for traffic violations and have your driver’s license revoked. Then you find out that to get your driver’s license back, you’re going to need to fill out an SR-22 insurance-related form from your auto insurer! What’s an SR-22, you ask? Here’s a rundown of how this certificate of financial responsibility works – read on to know more!

 

What is an SR-22?

Commonly mistaken for an auto insurance policy, the term “SR-22 insurance” gets thrown around a lot, indicating that it might be an insurance policy of sorts. Far from it – an SR-22 is an official document provided to you by your insurance agent or car insurance company. This document proves that you’ve purchased a minimum liability insurance policy as per your state’s laws.

What does an SR-22 do for me?

Once you’ve gotten hold of an SR-22, insurance companies can assure your state’s DMW or insurance department that you will maintain your coverage over a specified period. In case you don’t fulfill the terms stipulated, you could be looking at having your license suspended or worse, revoked.

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Do I need an SR-22?

Filling out an SR-22 form is necessary if you’ve been cited for multiple traffic violations or are repeat offenders. Some other reasons you may need an SR-22 is in the following cases:

  • A revoked or suspended driver’s license
  • Non-payment of child support (court-ordered)
  • Too many traffic tickets
  • Getting in an accident without insurance in place
  • Any prior DWI or DUI convictions

Note that if you’re a resident of Florida or Virginia, you may be required to fill out a similar form known as an FR-22, which requires that you purchase a policy with a higher level of coverage that’s above the state’s minimum.

WHAT IS AN SR-22? INSURANCE DAMAGE CONTROL 101

How do I get an SR-22? 

Get in touch with your insurance agent or car insurance company first – however, be aware that not all insurers offer SR-22 forms. Make sure to choose one that does. You may be required to pay either six or twelve months’ worth of the entire premium upfront (yes, we know, that’s a lot). Once you’ve filed your SR-22 form, your auto insurer will inform the state authorities with a confirmation, and you’re good to go.

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How much does an SR-22 cost?

Although it varies between insurance companies, the average cost of an SR-22 form is around $25, although you may be required to shell out a few extra dollars in terms of insurance quotes. These quotes will differ depending on the insurance company chosen, so make sure to shop around for a policy that gets you the best bang for your buck.

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