What Is SR22 Insurance
Reader’s Question:
I am 17 and recently got my driver’s license, but my parents want me to know about car insurance before giving me a car of my own. However, I am confused by sr22 insurance. So, what is sr22 insurance?
Aaron
Phoenix, AZ
Aaron, you have such wonderful parents. Of course, no matter how much they train you to be a good and precautionary driver, it will always come down to what choices you make. I believe, too, that knowing how the car industry works will make a driver more responsible. But as they say, Aaron, knowing is just half the battle. Knowing the potential consequences of what certain actions you might take in the future with regards to driving (since you’re a teenager, which would make you susceptible to drunk driving) will at least give you a sense of responsibility to your self and to other motorists.
So, Aaron, what is SR22 insurance?
SR22s are not car insurance policies, but they are documents relating to your car insurance policy. They simply are documents stating that you have an active car insurance coverage. Usually, an SR22 is issued if the policy holder is convicted of a traffic violation and cannot show proof of financial responsibility. Also, SR22s are issued if so ordered by a judge but this will depend on what state you are in. Filings of SR22s are made by the insurance companies and not by the insured. Who better to certify that you are indeed insured than your car insurance provider? If you live happen to move into states like Kentucky, New Mexico, Delaware Oklahoma, Pennsylvania and Minnesota, you should know they don’t require issuance of SR-22s. Aaron, remember this, getting SR-22 forms are not good to have because this means you have incurred violations. Having SR-22s will probably raise your car insurance premiums, as well.