SR-22 is a form required to be filled according to your state’s policy showing that you have the minimum auto liability. The SR-22 might also be referred to as a financial responsibility certificate.
People may mistake it for SR-22 insurance. SR-22 however is not insurance but a simple document given by your insurance company showing you have liability covered on your car insurance policy.
Who needs an SR-22 certificate?
Every state doesn’t require the same SR-22. The law for SR-22 varies from state to state, typically drivers might need to file an SR-22 form with their insurance company according to state if they have:
- The sentence for driving while intoxicated or under the influence
- Repetitive and serious traffic offenses
- Being the reason for an accident without being insured
- License revocation or suspension
Due to the nature of SR-22, additional charges are added to auto insurance.
For how long is SR-22 required?
SR-22 terms and requirements differ from state to state, but you can remember these to help you out:
- You are required to have SR-22 coverage for at least three years
- If your coverage expires during this time, your insurer must let the state know about it
- Denying the terms of SR-22 might result in the suspension of your license
- Once you complete the time required, the SR-22 status will be lifted
Do I still need to file an SR-22 even if I don’t own a car?
You are needed to get SR-22 even if you are not a car owner. Driving a rented or borrowed car you might get into an accident and hold accountable for the damage caused or personal injury. You will be required to buy a non-owner SR-22 policy for the above-mentioned reason, you might also need one if you get your license suspended.
If you need to comply with SR-22, contact your insurance company to file the documents according to the state’s requirement.