9/18/2021 0 Comments SR22 InsuranceWhat is SR22 insurance? SR22 insurance is an identification card for when you get your license after a DUI arrest. It's often a necessity that following a DUI arrest that requires you to prove you have insurance before a judge can even give you your license. An SR22 can be used to reinstate a suspended driver's license after a DUI arrest. When you are looking for an SR22 insurance quote, you may be wondering why a policyholder needs this type of insurance and what does it cover? SR22 policyholders are required by law to carry minimum liability coverage on their vehicles. This coverage is called the "absence of policy" in some areas. For example, if you are caught driving without having coverage in your vehicle, you can receive a ticket or you could lose your license to drive altogether. You can get a non owner sr-22 on this website. The reason why a SR22 insurance policy is required by states is because driving without one can lead to fines and even loss of your license to drive. Driving a vehicle without insurance, or being caught without having coverage for any period of time, can result in serious consequences for the driver. If you do get caught with driving without SR22 insurance, it will almost always result in a suspended driver's license. This means the privilege of driving will be canceled altogether. Not only can you not drive, but you won't be able to get any type of credit from any bank or credit union that you might have applied for. Most banks will require a SR22 driver to take an extra course on the laws regarding being a non-cancellable driver. One of the other main reasons why a state requires drivers to carry SR22 liability coverage, beyond the fact that it will cover the damage to others' property or bodily injury caused by you, is because liability is considered a type of personal financial responsibility insurance. Liability is the most common type of non owner auto insurance policy that is required by all states, and the premium that the state requires its drivers to pay is based largely off of how much liability coverage the driver purchases. For example, the more liability insurance the driver purchases, the lower the premium that the driver must pay. Liability is a necessary part of the road safety protocol that every driver must follow. If you decide to move to a new state and you're required to purchase liability or another type of car insurance policy, then you should carefully consider whether you need to purchase additional coverage beyond what your current state requires for liability or collision. Often, there are plenty of reasons why a new state may require a new car insurance policy, including the fact that the driver may have had an accident or a traffic violation in his/her previous state, which would make him/her a greater risk than someone who has never been regulated. In these cases, the new state's laws and regulations about purchasing SR22s can be very different than the laws and regulations in the current location that the driver is moving to. Because liability and collision are covered under one policy, usually the lowest cost policyholder option, a person who moves from a state that does not require SR22s to obtain a new driver's license may still find that he/she is required to purchase one of these policies. The reason for this is that if a person drives with a suspended license - without having paid his/her privileges to drive - then he/she is considered a "risk" to the insurance company, and insurance companies will require that the policyholder get one of their other two types of coverage: either personal injury protection (PIP), or one of their own specialty policies. If a policyholder moves to a state that does require SR22s and he/she then gets a suspended license, then the suspension will continue even after the person gets his/her driver's license back. You can get more enlightened on this topic by reading here: https://en.wikipedia.org/wiki/Insurance.
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