Myths You May Have Heard About SR22 Insurance
Posted on: 14 March 2023
SR22 insurance is a type of car insurance that is often misunderstood. It is a certificate proving that you have the insurance required by the state for drivers who are considered high-risk. Unfortunately, you may be misled by some common myths about SR22 insurance that confuse those needing it.
Myth: SR22 Insurance Is A Type of Car Insurance
One myth about SR22 insurance is that it's a type of car insurance. This misconception comes from the fact that SR22 is often mentioned in the same context as car insurance. However, SR22 is not a type of car insurance. It is a certificate proving that you have insurance.
The SR22 is a document your insurance company files with the state to show that you have the required amount of liability insurance. If you are required to have SR22 insurance, you are considered a high-risk driver and must maintain insurance for a specific period.
Myth: Only People With DUIs Need SR22 Insurance
Another misconception about SR22 insurance is that it is only required for people with DUIs. While it is true that a DUI conviction often requires SR22 insurance, it is not the only offense that can result in the requirement.
There are several offenses that can require you to have SR22 insurance. These include driving without insurance or even multiple traffic violations. In some states, even a license suspension or revocation can result in an SR22 requirement.
Myth: SR22 Insurance Is Prohibitively Expensive
Many people assume that SR22 policies are prohibitively expensive. While it is true that SR22 insurance can be more costly than regular car insurance, it is not necessarily unaffordable.
The truth is that SR22 insurance is more expensive because high-risk drivers are more likely to file claims. However, there are ways to lower the cost of SR22 insurance. A possible option is to shop around and compare rates from multiple insurance companies or to take advantage of the discounts some insurance carriers periodically offer.
Myth: SR22 Insurance is Difficult to Obtain
Many people believe that the process of getting SR22 insurance is complicated and time-consuming. Obtaining SR22 insurance requires extra steps, but it is manageable. Your insurance company can typically file the SR22 form electronically, which makes the process faster and easier.
You should know that not all insurance companies offer SR22 insurance, so it is essential to find a company that does. You will also want to confirm that your insurance company files the SR22 form with the state promptly and accurately to avoid any issues or delays. For more information on SR22 insurance, contact a professional near you.
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