Many people have heard of an SR-22, but not many people know exactly what it is. Luckily, you will not have to deal with an SR-22 as long as you have a safe driving record and do not have any lapses in your auto insurance coverage. Keep these SR-22 basics in mind to ensure that you know what it is if you ever have to use it.
An SR-22 is also known as SR-22 insurance or a Certificate of Financial Responsibility. However, an SR-22 is not an insurance policy, but verification that you have liability coverage for your auto insurance. An SR-22 is a state mandated certificate that your auto insurance provider files with the Department of Motor Vehicles.
Most people on the road do not need an SR-22. A person is required to have an SR-22 if they were convicted of a traffic offense or were in an accident and could not show financial responsibility. You will also need an SR-22 if you have a DUI or DWI.
The cost to file an SR-22 is only around $25, but it requires you to show proof of auto insurance. Auto insurance providers consider people with an SR-22 high-risk drivers, so your auto insurance premiums will be much more expensive. Once you get the right auto insurance coverage, your insurance provider will file the SR-22 on your behalf. Keep in mind that if you move to another state, you will have to make sure that your liability limits and SR-22 requirements meet the new minimums in the state.
For all of your auto insurance needs, no matter your situation, contact Dean Davis Insurance in Austin, Texas. As an independent insurance agency, we will work with you to ensure you have the right amount of protection!