You may have come across ‘SR-22,’ especially if you’re a frequent driver. You may not know how this applies to your vehicle and why you need it. In some cases, not having it may even result in you getting arrested.
What is SR-22?
An SR-22 is a certificate of financial responsibility needed by some states or a court order for some drivers. It is a form that your insurance must file with your state, not a type of insurance. This document confirms that your auto insurance policy meets the state’s liability coverage minimums.
What is FR-44?
Like an SR-22, an FR-44 shows that a driver has current liability insurance that meets or exceeds the state’s minimum coverage levels. FR-44 liability standards, on the other hand, are frequently higher than state minimums or SR-22 minimum coverages.
Do I Need an SR-22?
Not everyone is a fan of the SR-22/FR-44. The laws vary from one state to the next. The court of the state typically only imposes or enforces specified driving-related offenses. Consider the case below:
- DUI convictions are common.
- Perilous driving
- Uninsured drivers cause accidents.
If you need an SR-22/FR-44, the courts or your state’s motor vehicle agency will notify you.
How Long Does SR-22 Last?
Your SR-22/FR-44 should be valid if your insurance coverage is active. Sometimes, they may cancel your insurance coverage while you still need to carry an SR-22/FR-44.
If this is so, you must contact the proper state authorities. If you do not maintain continuous coverage, you risk losing your driving privileges.
How Much Does SR-22 Cost?
The majority of states have a flat price, while some have a premium.
This one-time cost must be paid when the SR-22/FR-44 is filed. Only if your coverage expires will you be required to pay extra. An SR-22 should cost you nothing serious.
