What is an SR-22 and what does it signify?

An SR-22 is a form that demonstrates compliance with your state’s minimum auto liability insurance standards. It serves as a confirmation that you have the necessary liability coverage in place as required by law. Colloquially known as a certificate of financial responsibility, an SR-22 signifies your commitment to maintaining valid auto insurance coverage. Contrary to common misconception, an SR-22 is not a type of insurance policy but rather a document issued by your insurance provider to affirm the existence of liability coverage on your auto insurance policy.