What is SR22 insurance? At times, there can be confusion surrounding this type of insurance. There are a number of reasons why this may happen. There are also many things to know about this type of auto insurance. Here is information concerning Florida SR22 insurance requirements.
When someone is involved in a serious traffic offense, they will face penalties. These include DWI convictions. Some of those penalties includes driver’s license revocation or suspension. After the suspension period, you must carry a certain amount of insurance coverage. You must also prove that you have continuous coverage on your car. You can no longer just sign a paper.
SR22 is the form that your insurance company must file with the state of Florida. It has to be filed electronically. It may also be faxed. The information on this form concerns your insurance coverage. You need a specific amount of auto insurance for SR22.
Your insurance company must notify the state of certain changes in your insurance. If you cancel your policy, they must be informed. If you fail to make a payment and your coverage lapses, the state must be notified. This includes coverage lapses of one day, also. Your insurance company must do this for three years.
If your insurance lapses, your license will once again be suspended. Your vehicle tags and registration will also be suspended. This can be as long as three years. You will incur additional fees when your license is reinstated. In addition, your three year SR22 period will start over again. This does not matter how long it previously was.
As a high risk driver, your amounts of insurance will be considerably greater than normal. The average Florida driver must carry ten thousands dollars in personal injury protection. The same amount is required for personal property damage. The liability for bodily injury is ten thousand dollars per person. It is also twenty thousand dollars per accident. These are the minimum requirements.
If you are a high risk SR22 driver, your minimum coverage skyrockets. You will be required to have fifty thousand dollars for personal property damage. Bodily injury coverage will be one hundred thousand dollars for one person. More than one person requires three hundred thousand dollars coverage.
Needless to say, your insurance rates will be high. This is due to the increased limits. It is also due to the fact that you are now a high risk driver. You may also incur additional fees related to SR22.
It may be time to get your license back. What if you do not have a vehicle? You still have to buy SR22 insurance. You will buy a non owner auto insurance policy. It will include high liability coverage, the same as SR22 auto owners. If your conditions include an ignition interlock device, you are out of luck. You will have to buy a car to receive your driver’s license.
In conclusion, if your Florida driver’s license recently revoked or suspended, you will pay much higher auto insurance premiums when you get your license back. For three years, your insurance company has to file an SR22 form with the state. This form is proof of your auto insurance coverage. Make certain that you keep your car insurance current. Do not let the coverage lapse within that three year period. If you do, you will lose your vehicle tags and registration. Your driver’s license will also be suspended. Your three year SR22 period will start all over again.
When you are must prove that you carry insurance coverage for your automobiles, you may be required to obtain SR22 insurance. In Florida, an SR22 filing means that your insurance company reports to the state if your policy lapses.
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