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If you got involved in a car accident, even a fender bender, your insurance provider will drop you as a customer. In the State of Florida, you’re required to have insurance and you may take that because if you’re caught with no coverage you’ll be fined.
But you can get back on the road again even if you’re suing someone in court because you’ll need to testify. You can get your auto insurance reinstated by proving you’re able to pay for the accident damages from your assets or another provider instead of your insurer.
What is SR22 insurance? It is the contract you need to sign to get back in motion after you’ve had your insurance suspended. Read on and we’ll show you the benefits of this insurance.
What Is SR22 Insurance?
SR22 insurance is a type of insurance required by some states for drivers convicted of DUI or other serious traffic violations. It costs more than regular auto insurance, but it can provide peace of mind for drivers required to have it.
It covers the same types of risks as regular auto insurance, but it may have higher limits for certain types of coverage, such as bodily injury liability.
What Are the Benefits?
SR22 insurance is a high-risk insurance policy required by the state for drivers convicted of DUI or other serious traffic offenses. The benefits of SR22 insurance include the following:
- provides financial responsibility in the event of an accident
- required by the court to reinstate your driver’s license
- rates are higher than standard insurance rates
- may be canceled after a certain period, usually three years, if the driver maintains a clean driving record
SR22 insurance is not always required for life, so it is important to check with your state’s DMV to determine how long you will be required to maintain the policy. Additionally, it is not available through all insurance companies, so it is important to shop around for the best rate.
Who Needs SR22 Insurance?
Required by law in some states certain drivers must maintain SR22 insurance for a period of time, usually three years. If the driver does not maintain this, his or her license may be suspended.
This insurance costs more than regular car insurance. But, it is often worth the cost to avoid a license suspension.
How Much Does It Cost?
SR22 insurance costs more than a standard auto insurance policy, but the benefits of having it can be significant. It can help protect you from significant financial losses if you got involved in a car accident, and it can also help you keep your driving privileges if you have been convicted of a traffic violation.
Get sr22 insurance quotes from the insurance company so you can compare prices. For non-owner sr22 insurance check out this page.
Get Your SR22 Insurance Now
There are many benefits of SR22 insurance. If you need SR22 insurance, be sure to shop around and compare rates to find the best coverage for your needs.
This might seem like a lot but once you order your first SR22 policy, renewals become a whole lot easier. So go forth, pick out your state, select your policy duration and get back on the road.
Check out our other articles for more helpful and informative blog posts.