Many drivers have never heard of the form, the SR-22. They simply purchase a new or used vehicle and obtain the necessary auto insurance plan to get going. For others though, they need a special form called the SR-22 in order to accomplish the same goal. So, what is this form? Who needs it and is it expensive?
What Is It and Who Needs It?
It is often called SR-22 insurance, but it is actually a document that the insurance agency files with the state in order to prove insurance coverage. Each state has their own department of motor vehicles or DMV. If you have had a major driving incident in Chicago, they will contact you and inform you if you need to get SR-22 coverage. Based on your state’s laws, you may be required to file an SR-22 if you have:
- Been convicted of a DUI or DWI
- Been found to be driving without proper insurance coverage
- Been involved in an accident that causes injury
- Have a lot of points on your driving record
Having any of these marks on your record can mean that, according to the state you drive in, you are considered a risk. In this case, having additional auto insurance is not enough. You need to provide additional proof that you meet the requirements and will continue to meet these requirements for a specified period of time.
Is It Expensive?
The short answer is no, it is not expensive. An SR-22 usually costs between $25-$55 for the certificate. There may be an increase in the amount you pay because your driving history will require higher insurance premiums. Your insurance costs are based on risk, so the fact that an SR-22 is needed puts you automatically in a high-risk category. In some cases, auto insurance companies may require a full year of insurance payments up front in order to give you insurance, but this is not always the case.
If you are in need of SR-22 insurance, it may seem difficult to figure out where to start. Many drivers are expected to have SR-22 insurance because they are considered high risk because of a poor driving record.
If you are in need of cheap SR-22 insurance, the experts at Great Northern Insurance Agency can help.