{"id":674,"date":"2021-10-01T23:32:51","date_gmt":"2021-10-01T23:32:51","guid":{"rendered":"https:\/\/www.sr22adviser.com\/guidance-and-tips\/?p=674"},"modified":"2021-10-01T23:35:08","modified_gmt":"2021-10-01T23:35:08","slug":"what-is-the-difference-between-sr-22-and-regular-insurance","status":"publish","type":"post","link":"https:\/\/www.sr22adviser.com\/guidance-and-tips\/insurance-facts\/what-is-the-difference-between-sr-22-and-regular-insurance\/","title":{"rendered":"What Is the Difference Between SR-22 and Regular Insurance?"},"content":{"rendered":"
\r\n
\r\n
\r\n
\r\n

You\u2019ve probably heard of SR-22 insurance, but you may not know exactly what it is. Perhaps the state requires you to carry this type of insurance, or your friends have talked about it before.<\/p>\n

Regardless, it\u2019s important to know the difference between SR-22 and regular insurance coverage. What is an SR-22, why do you need it, and how much does it cost? How does it compare to other insurance coverage?<\/p>\n

Here\u2019s what you need to know about the difference between SR-22 and regular insurance.<\/p>\n <\/div>\r\n <\/div>\r\n <\/div>\r\n<\/div>\n\n

\r\n
\r\n

What Is an SR-22<\/strong>?<\/h2>\r\n
\r\n
\r\n

So, what is an SR-22, exactly?<\/p>\n

SR-22 is the name of the form<\/a> that your insurance company completes and files with the state on your behalf. It guarantees that your insurance meets or exceeds the minimum requirements of state law<\/a>.<\/p>\n

For instance, perhaps your state requires that you carry minimum bodily injury coverage of $15,000 per person and $30,000 per accident, along with $15,000 of property damage liability. The SR-22 guarantees that you carry at least that amount of coverage, if not more.<\/p>\n

However, this guarantee also comes with an obligation to let the state know if your insurance ever lapses. So you can\u2019t simply start your policy to get the SR-22 filed and then let it cancel.<\/p>\n

An SR-22 can be filed on an insurance policy you already hold, so you don\u2019t necessarily have to start over with a new policy or new insurance company. However, your insurance rates will likely go up if you need an SR-22.<\/p>\n <\/div>\r\n <\/div>\r\n <\/div>\r\n<\/div>\n\n

\r\n
\r\n

Why Would You Need an SR-22<\/strong>?<\/h2>\r\n
\r\n
\r\n

States have a variety of reasons for requiring this type of guarantee. Generally, it\u2019s the result of a major violation such as reckless driving, getting a DUI<\/a>, or another serious charge. Sometimes, however, a state will require an SR-22 if you\u2019ve accumulated too many points on your license.<\/p>\n

These severe charges or points usually lead to a license suspension, and after the suspension period ends, getting an SR-22 is a condition of getting your license back. If you get a provisional permit during your suspension, you\u2019ll need an SR-22 for that as well.<\/p>\n

You\u2019ll have a deadline for getting the SR-22 filed, and you don\u2019t want to wait until the last minute. It can take several business days for the insurance company to review your information and send the form to the state.<\/p>\n

Once you have an SR-22, you\u2019ll need to keep your insurance\u00a0\u2014 and the guarantee \u2014 active for a period of time. This is usually three years. During that time, if your insurance cancels, you can expect penalties from the state. You might have to pay additional fines, or your license may be suspended again.<\/p>\n <\/div>\r\n <\/div>\r\n <\/div>\r\n<\/div>\n\n

\r\n
\r\n

What Is the Difference Between SR-22<\/strong> Insurance and Regular Coverage?<\/h2>\r\n
\r\n
\r\n

When you have an SR-22, you can have the same coverages you would have on a typical insurance policy. You\u2019ll need to choose your liability limits, and if you need comprehensive and collision coverage, that\u2019s available as well. You may also have access to emergency road service, rental reimbursement, and other additional coverages.<\/p>\n

The biggest difference between SR-22 insurance and regular insurance is the risk rating. Generally, a policy with an SR-22 will be in a high-risk category. Some regular insurance is also high risk, but typical coverage may also be rated as a standard risk or a preferred policy.<\/p>\n

High-risk policies cost more than other types of insurance, so you may need to make adjustments to ensure you can afford your policy. We\u2019ll talk about how you can save money on your SR-22 insurance in a moment.<\/p>\n <\/div>\r\n <\/div>\r\n <\/div>\r\n<\/div>\n\n

\r\n
\r\n

How Much Does an SR-22<\/strong> Cost?<\/h2>\r\n
\r\n
\r\n

Cost is one of the primary concerns people have when they need to get an SR-22. The good news is that an SR-22 doesn\u2019t cost much on its own. Usually, there\u2019s a one-time SR-22 filing fee of around $25. You don\u2019t have to pay that more than once unless your policy lapses and has to be reinstated.<\/p>\n

An SR-22 insurance policy does cost more than regular insurance. This is partly because of the higher risk category that we mentioned earlier. High-risk insurance costs more than other coverage.<\/p>\n

In addition, you\u2019ll have surcharges on your policy for the tickets, getting a DUI<\/a>, or other incidents that caused you to need an SR-22. The surcharge will depend on your insurer, and an incident usually affects your policy for three years. After three years, the extra charge falls off on your next renewal.<\/p>\n

If you haven\u2019t had any additional tickets or accidents in that time, you should see your insurance rate decrease. However, some serious charges \u2014 especially a DUI \u2014 can affect your risk rating for up to 10 years. As a result, even after the surcharges are gone, you may still have high-risk insurance.<\/p>\n <\/div>\r\n <\/div>\r\n <\/div>\r\n<\/div>\n\n

\r\n
\r\n \"Someone\r\n

Find Cheap SR-22 Auto Insurance Quotes<\/h2>\r\n
\r\n
\r\n \r\n <\/div>\r\n
\r\n