What is SR22 Insurance vs regular auto insurance?

The main difference between SR22 insurance and regular auto insurance lies in the additional filing requirement and the circumstances under which each type of insurance is typically required. Here are the key distinctions:

1. Filing Requirement: SR22 Insurance involves an additional filing called an SR22 form or certificate. This form is issued by the insurance company and submitted to the appropriate state agency, such as the Department of Motor Vehicles (DMV) or similar authority. The SR22 form serves as proof that the driver has obtained the required liability insurance coverage.

2. Requirement Triggers: Regular auto insurance is the standard coverage that drivers typically obtain to meet their state’s minimum liability insurance requirements. On the other hand, SR22 insurance is required in specific situations where the driver has committed serious violations, such as DUI/DWI, driving without insurance, multiple traffic offenses, or being involved in an at-fault accident without insurance.

3. Higher Risk Status: SR22 insurance is typically required for drivers considered high-risk due to their past driving behavior or violations. This higher risk status can result in higher insurance premiums compared to regular auto insurance. Insurance companies may view drivers requiring an SR22 filing as more likely to be involved in accidents or violations, and therefore, they may charge higher premiums to offset that perceived risk.

4. Filing Duration: SR22 insurance is often required for a specific duration mandated by the state, which can vary depending on the severity of the offense and state regulations. This duration usually ranges from one to three years. Regular auto insurance does not have a specific filing duration requirement tied to a violation or offense unless otherwise specified by the state.

It’s important to note that SR22 insurance is not a separate type of insurance coverage but rather a filing requirement associated with the insurance policy. The SR22 filing is added to the driver’s existing auto insurance policy or obtained as a standalone policy, depending on the circumstances and state requirements.

When seeking SR22 insurance, it’s essential to work with an insurance provider that specializes in this type of coverage and can help navigate the requirements specific to your situation. They will ensure that the SR22 filing is properly completed and submitted to the appropriate state agency to fulfill your legal obligations.