If you have been convicted of drunk driving or had your license suspended as a result of drunk driving, you most likely be required to obtain SR-22 insurance to reinstate your driver’s license or obtain a restricted license while your license is suspended. Almost every state requires the said insurance if you have been convicted of a drunk driving offense.
What Is SR-22 Insurance?
SR-22 insurance, otherwise called a Certificate of Financial Responsibility, is not insurance at all. It is actually a form filed by your insurance company to your state’s licensing agency stating that you have met certain state standards for financial liability on your auto insurance. It can be either court-ordered or mandated by your state’s laws. The requirements of SR-22 vary from state to state. Therefore, if you obtain SR-22 insurance in one state and you move to another, you must obtain SR-22 insurance from the state you moved to. The Certificate of Financial Responsibility does not carry over from one state to the other.
What Happens if My SR-22 Insurance Lapses?
As long your insurance policy is current and active your SR-22 insurance is valid. However, if you fall behind on your insurance payments or your insurance is cancelled or expires for any other reason, your insurance company is required to notify the state if it cancels your coverage. Your driver’s license will then be immediately suspended. If your state requires that you possess SR-22 insurance in order to have a valid license, expect to have your SR-22 and an inflated monthly insurance payment for up to 5 years.
How Do I Go About Getting SR-22 Insurance?
Having a drunk driving conviction on your driving record is one of the worst things that can happen to your insurance rates. Drunk drivers are deemed extremely high risk to insurance companies and can potentially cost them lots of money in claims. If your current insurance company doesn’t drop you from coverage, you can expect a 25-60% monthly increase in your rates. You will not be able to conceal your DUI conviction from your prospective insurance carriers when you’re shopping for SR-22 insurance, nor would you want to.
All states have SR-22 insurance requirements with the exception of: Delaware, Kentucky, Minnesota, New Mexico, Oklahoma, Pennsylvania, New York,, and North Carolina.