What Are the Different Types of SR22 Insurance?
For anyone unfamiliar with SR22 insurance, the entire process can seem daunting. There are a few important things you need to know, including how to get it and what type of it you’ll need. The requirements for filing, as well as how long you’ll have to hold your certificate, vary from state to state. As for the type of SR22 you need to obtain, there are three different options, all of which depend on your vehicle ownership status.
An owner policy is required for anyone who owns the car they drive and holds insurance for that vehicle. The SR22 is proof that you own your vehicle, and that it’s insured under your name. If lack of insurance was the reason you need a SR22, you’ll first have to get car insurance before filing for the form. If you already have insurance, you’ll have to contact your carrier and make them aware that you need to carry a SR22.
If you don’t have a car, you may believe you shouldn’t need a SR22. This is not the case. Even if you don’t own a car, if you drive one you still must be insured. Fortunately, a non-owner SR22 is oftentimes less expensive than an owner certificate, as many states only require non-owners to carry liability insurance.
This certificate covers vehicles that are owned by the driver, and any others that they drive. This is important to have if you drive several cars, as you want to be sure that you’re covered in any potential situation. The one downfall is that it’s typically more expensive than the other options.
You want to look into all the options, and their accompanying laws, before filing for any forms; it’s important that nothing is overlooked. We again stress the importance of being fully aware of your state’s specific laws as well before taking any steps. If there is anything you’re unsure of, contact your insurance agent and they should be happy to help you figure things out.