3 Common Misconceptions About SR-22 Insurance

The SR-22 is an important document and punishment system many states implement; however, many people don’t fully understand everything about it. What’s even worse is that every state has slightly different rules when it comes to the SR-22, making it more confusing. This article aims to make the system more approachable by clearing up some of people’s most common misconceptions about SR-22 insurance and the system it is a part of.

It’s an Insurance Policy

The SR-22 isn’t an insurance policy or plan, as many people believe; the SR-22 is a form required to get your license back after the state revokes it for breaking the law. People make this mistake because you need a certain level of insurance to qualify for the form. This insurance is significantly higher than the state’s standard minimum requirement.

Expensive Vehicle Insurance Rates

Because the state requires higher insurance coverage to qualify for the SR-22, insurance companies will create special SR-22 insurance plans that cost more than the normal plans for that state. These plans have a reputation for being very expensive, but that’s not the case when you look at all the plans out there. You can get inexpensive SR-22 insurance coverage by contacting various companies while comparing and negotiating the plan costs.

Length of the SR-22

One of the most common misconceptions about the SR-22 insurance is the assumption that people only need to qualify for the SR-22 until they get their license back, while others think it lasts forever. You need to qualify for the SR-22 and keep up the insurance policy for the entire length of the SR-22 requirements, which doesn’t last forever. However, the length of time changes depending on the state, with some lasting up to three years.

Understanding the truth of the SR-22 will help you avoid defaulting on the plan and the state revoking your license again. Following your state’s regulations and laws is the key to fulfilling your SR-22 requirements and returning to a typical insurance plan. So be sure you know what your state expects regarding the SR-22.