SR22 Insurance Misconceptions You May Have
SR22 insurance is a unique form of coverage often required for drivers who have had their licenses suspended or revoked due to serious driving offenses or multiple traffic violations. Although this type of insurance has become increasingly important in recent years, misconceptions about SR22 coverage persist. This can lead to individuals making mistakes or failing to understand this coverage.
Assumption: SR22 Coverage Is Expensive And Difficult To Find
It is a common belief that SR22 coverage is costly and difficult to find. Although getting SR22 may cost more than regular vehicle insurance, the filing costs for this sort of policy vary from company to company. As such, drivers need to compare prices from different companies to find the most affordable option.
Additionally, while not all insurance companies offer SR22 coverage, numerous options are still available for drivers who require it. By researching and comparing insurers, drivers can find a provider that not only offers SR22 coverage but also meets their specific needs and budget constraints.
Assumption: Car Ownership Is Necessary For Obtaining An SR22
Another common misconception about SR22 insurance is that car ownership is necessary for obtaining this type of coverage. Contrary to this belief, some states permit non-owner policies, which provide liability coverage for individuals who drive another person's vehicle. These policies can benefit individuals who do not own a car but still need to fulfill legal requirements. By understanding the availability of non-owner policies, drivers can make informed decisions about the best coverage options for their unique situation.
Assumption: SR22 Policies Do Not Require Renewal
Depending on the state's requirements and the driver's record, renewal may be needed every few years. If a driver cancels their SR22 coverage before the expiration date or their insurer drops them, the issuer of the policy is required to notify the state's Department of Motor Vehicles. This notification can potentially result in additional penalties for the driver, including further license suspension or revocation. As such, drivers must understand the importance of maintaining their SR22 coverage for the required duration.
Assumption: All States Mandate Ignition Interlock Devices With SR22 Requirements
While some states do necessitate ignition interlock devices for specific offenses, not these devices are not required for every SR22 policy. To avoid incorrect assumptions about SR22 coverage, drivers should research their state's specific requirements and any court orders in their case. This will help them understand whether an ignition interlock device is necessary for their situation and how it may impact their coverage options. By staying informed about state-specific mandates, drivers can make the best decisions for their insurance needs and avoid potential penalties or complications.
For more info about SR22 insurance, contact a local provider.
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