What is SR22 insurance?

 

An SR-22 is a certificate of insurance that proves you carry car insurance. Some people refer to it as SR 22 car insurance, or a certificate of financial responsibility (CFR) filing. The SR22 simply states you’re meeting your state’s car insurance coverage requirements for driving over a specified amount of time.
 

You may need SR22 coverage if you have one of the following driving violations (your state might also require them for reasons not listed below):

• DUI or DWI

• Reckless driving

• At-fault accidents

• Driving without insurance coverage

• Driving with a suspended license

You might also need an SR-22 if you have a bunch of small incidents pile up over time. Again, it’s different for every state. Good drivers who don’t have any traffic violations don’t have to get an SR22 to be legal on the road.

 

Auto insurance provides property, liability and medical coverage:

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• Property coverage pays for damage to or theft of your car.

• Liability coverage pays for your legal responsibility to others for bodily injury or property damage.

• Medical coverage pays for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.

 

Why do you need auto insurance?

It's really all about protecting yourself financially.

• If you're in an accident or your car is stolen, it costs money, often a lot of money, to fix or replace it.

• If you or any passengers are injured in an accident, medical costs can be extremely expensive.

• If you or your car is responsible for damage or injury to others, you may be sued for much more than you're worth.

• Not only is having insurance a prudent financial decision, many states require you to have at least some coverage.

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Questions to ask your agent:

Your Independent Agent is an advocate for finding auto insurance that meets your specific needs. Here are a few things to consider as you prepare for the discussion:

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• How much can you afford to pay if you get in an accident? (To keep premiums low you may want to have a higher deductible and be willing to pay more for repairs.)

• What is the insurance company's level of service and ability to pay claims?

• What discounts are available? (Ask about good driver, multiple policy and student discounts.)

• What's the procedure for filing and settling a claim? (Ask who to call and what happens after you file a claim.)