In the circumstance where an individual gets into a road accident without liability insurance or adequate coverage, one document that may be required by the state is an SR-22 insurance. Even though it is known as insurance, it is actually a certification of financial responsibility undertaken by an insurance company.
It basically implies that an individual is meeting his or her responsibilities of paying insurance coverage. One of the things about the SR-22 insurance is the cost factor. Here is taking a look at some of the aspects of SR-22 insurance quotes.
Do you need to incur the cost?
High-risk insurance car policies and frequent accidents will entail an SR-22. There is no getting away from the fact that different states have the requirement of an individual producing an SR-22 when circumstances such as the following are involved:
- Repeated traffic offences of various kinds
- Driving under the influence or intoxication
- Reinstatement of a revoked or suspended license
- At fault accidents, especially those involving the driver having no insurance and
- Serious moving violations to name just a few.
The insurance company is required to notify the state if an individual’s policy lapses or expires during a period of about three years – the period which applies to the SR-22 insurance. Failure to adhere to the terms and conditions of an SR-22 insurance may well result in suspension of the driving license. It is therefore well worth it to get an SR-22 filed.
What are the fees involved?
Most states have a filing fee as far as the SR-22 insurance is concerned. This filing fee is not required for renewing the SR-22 insurance. However, an individual will have to pay this fee again if he or she allows the policy to lapse.
How can you get a quote?
There are plenty of online tools and reckoners which allow you to get a quote for SR-22 insurance from multiple carriers or providers. It is as simple as filling out an online form that asks for:
- your ZIP Code
- information on driving license and
- number of incidents in your driving record.
You can also talk to an insurance counsellor or your existing car insurance provider to get a better idea about how much the SR-22 insurance is going to cost. The minimum financial responsibility requirements vary from state to state. Therefore, it also is a very good idea for you to check online resources of the various requirements of each state when it comes to when it comes to the SR-22 insurance.
With online tools and websites like www.cheapsr22insurance.org, you can certainly find price quotes or rates from major insurance carriers that will file your SR-22 insurance form. It is therefore as simple as getting these multiple quotes and then deciding which one offers you the most affordable option.
Thus, getting an SR-22 insurance would be in the best interest of an individual who is facing traffic violations or accidents of some kind of the other. This way, he or she can protect from the possibility of getting the driver’s license suspended or revoked.