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For those who have gotten into severe trouble while driving, an SR22 is usually required for a certain period of time. Fortunately, the insurance can be acquired quickly and easily through their current car insurance providers, although it does come with a price.
Information about SR22 Bonds
An SR22 is not an actual bond, nor is it a particular type of car insurance. Actually, it is a form that is named SR22. This form is what is used to let the insurance department in your state know that you have the appropriate insurance coverage to drive your vehicle.
An SR22 bond is only required for certain groups of drivers. If you are pulled over and are found not to have car insurance, in most states you will need to obtain an SR22 to prove that you now have insurance. Without it, there is a chance that your license will be suspended. An SR22 is also required for most drivers who have a DUI conviction.
If you are required to have SR22 insurance, you will need to have your insurance company fill it out and send it to the appropriate place in your state. Without it, you will be considered to be driving illegally.
Function of an SR22 Bond
One of the advantages of requiring certain drivers to carry SR22 insurance is for the protection of other drivers. Getting in an accident with someone who does not carry insurance can be a huge problem. If they do not have enough money to pay for the bodily and property damages, you will be responsible for them.
Fortunately, most states require all drivers to carry some kind of car insurance, but some fall through the cracks. The best way to fully protect yourself against uninsured drivers is to purchase this type of insurance from your insurance company.
State Requirements for SR22 Bonds
Although many states have requirements in regards to obtaining SR22 insurance, not all states require it. If you live in Delaware, Oklahoma, New York, Pennsylvania, North Carolina, Kentucky, Minnesota, or New Mexico, you do not need to have an SR22 bond in order to drive. If you are unsure about your state requirements, go to the NAIC site for the National Association of Insurance Commissioners and click on your state.
Where to Get an SR22 Bond
If you just got a DUI, one of the best sources to get an SR22 bond is through your current insurance company. Many companies now are able to offer SR22s, so speak with your agent, and find out if he or she is able to file one for you.
If you have been caught without insurance and need an SR22, you will need to search for a company that offers them. You can do a quick online search, such as on this page.
Keep in mind that just because an insurance company offers SR22 bonds it doesn’t mean that they will automatically insure you. The drivers who are required to have SR22 insurance are placed in the high-risk category. Some companies may choose not to insure you because they don’t want to take the risk. If they do insure you, you can expect to pay higher rates.
Cost of an SR22 Bond
If you need SR22 insurance, the cost of your insurance policy will be higher than without it. Car insurance for high-risk drivers, whether it is because of an SR22 or multiple accidents, is usually more expensive.
Your insurance will also be higher because it takes more effort and time to for your agent to file an SR22. You end up paying for this extra work
Length of Time for an SR22 Bond
Carrying SR22 insurance is not a permanent thing for most drivers. The time period required varies from state to state. Some states require you to carry it for three years, while others may require seven years for more severe situations.
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