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SR22 Insurance - The Insurance Stops

Common Misconceptions About SR22 Insurance

KEY TAKEAWAYS:

  • Common Misconceptions About SR22 Insurance
    • SR22 is Not Insurance: It’s a certificate of financial responsibility proving you have the required auto insurance coverage.
    • Not Just for DUIs: Required for various serious traffic offenses, not just DUIs.
    • Cost: SR22 itself isn’t expensive; higher premiums are due to the associated driving violations.
    • Temporary Requirement: Usually required for about three years, not forever.
    • Easy to Obtain: Insurance provider handles the filing process; just inform them you need an SR22.
    • Can Switch Providers: You can change insurance companies while having an SR22, ensuring no lapse in coverage.
    • Non-Owner Policies Available: Non-owner SR22 policies provide liability coverage if you don’t own a vehicle.

 

Sr22 Insurance - The Insurance Stops
Sr22 Insurance – The Insurance Stops

If you’ve ever found yourself needing SR22 insurance, then you may have heard a lot of confusing and sometimes misleading information about it. SR22 insurance is often misunderstood, leading to many misconceptions that can make the process seem more daunting than it actually is. Let’s clear up some of the most common myths about the SR22 so you can navigate it with confidence.

 

What People Get Wrong About SR22 Insurance 

Misconception #1: SR22 is a Type of Insurance

First off, let’s set the record straight: SR22 is not an insurance policy. It’s a certificate of financial responsibility required by the state to prove that you have the minimum required auto insurance coverage. Think of it as an add-on to your existing policy. Your insurance company files this form with the state on your behalf, confirming that you meet the necessary insurance requirements.

 

Misconception #2: Only People with DUIs Need SR22

While it’s true that SR22 is often associated with DUI or DWI convictions, there are other reasons you might need an SR22. You could be required to get an SR22 if you’ve been caught driving without insurance, have multiple traffic offenses, or have been involved in an accident without insurance. Essentially, any serious traffic-related offense that results in a license suspension can lead to an SR22 requirement.

 

Misconception #3: SR22 Insurance is Incredibly Expensive

Many people believe that needing SR22 insurance means you’ll be paying sky-high insurance rates. While it’s true that your insurance premiums might increase, the SR22 form itself isn’t what’s expensive. The increase in cost is typically due to the driving violations that necessitate the SR22. The fee for filing an SR22 is usually minimal, but your higher premiums reflect the risk your insurance company is taking on.

 

Misconception #4: You’re Stuck with SR22 Insurance Forever

Good news: SR22 requirements are not permanent. The length of time you need to maintain an SR22 varies by state and by the severity of your offense, but it’s generally required for about three years. As long as you maintain a clean driving record and keep your insurance policy active during this period, you’ll eventually be able to move on from needing an SR22.

 

Misconception #5: SR22 is Difficult to Get

Obtaining an SR22 is not as complicated as it might seem. Once you’ve chosen an insurance provider, they will handle the filing process for you. All you need to do is inform your insurer that you need an SR22, and they will take care of submitting the form to the state. If your current insurer doesn’t offer SR22 filings, you may need to switch to one that does.

 

Misconception #6: You Can’t Switch Insurance Providers with an SR22

Some people think that once they have an SR22, they’re locked into their current insurance provider. This isn’t true. You can switch insurance companies even if you have an SR22 requirement. Just make sure there’s no lapse in your coverage during the switch, as continuous coverage is crucial to fulfilling your SR22 requirement. Your new insurance company will file the SR22 with the state for you.

 

Misconception #7: SR22 Only Affects Car Insurance

SR22 requirements can extend beyond just your car insurance. If you don’t own a vehicle but still need to drive, you can get a non-owner SR22 policy. This provides liability coverage when you drive a vehicle that you don’t own, ensuring you meet the state’s insurance requirements without having a car of your own.

 

File and Get SR22 Insurance in Colorado Today

If you need to file an SR22 in the state of Colorado, don’t let the misconceptions hold you back. Contact The Insurance Stops today for expert assistance. Our team will help you navigate the SR22 filing process smoothly and get you back on the road with confidence. Reach out to us today to learn more and get started!

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