Need SR22 Insurance? Understand These 2 Things
Have you been told that you need to get SR22 insurance due to an issue like a DUI conviction? If so, you'll probably have some questions about it. SR22 insurance isn't actually insurance, but a certificate that you purchase from an insurance provider. It tells your state that you've purchased the required amount of insurance for driving a vehicle. Here are a couple of things you need to understand about SR22 insurance before you move forward with getting it.
1. Your Current Insurance Policy Is Likely To Be Canceled
In most situations, you can expect for your insurance provider to cancel your auto insurance policy. This is pretty standard in situations where you've received a DUI conviction. If the policy is not canceled immediately, it will most likely come up at renewal time when your policy is evaluated once again. It's common for insurance providers to pull driving records at this time, which is when they will discover the DUI.
Premiums are likely to increase, and you'll need to find insurance from a new provider. This puts you in a group of high-risk drivers, which requires the purchase of SR22 insurance.
2. You'll Need SR22 Insurance If You Don't Own A Vehicle
You may feel confused about why you need SR22 insurance if you don't own a vehicle. This is because car insurance only insures the car rather than the individual driving. Insurance companies know that someone with a DUI can take advantage of someone with a good driving record having cheap car insurance.
To prevent someone from taking advantage of this loophole, SR22 insurance can be required even if you don't own a car. The policy that you buy will cover property damage and liability, which is where a lot of risk comes from a driver convicted of a DUI. This protects other people's vehicles and property in case you get into an accident.
You do not have to buy SR22 insurance if you do not own a vehicle, but realize this means that you will not get your license back. You'll save money by not getting the policy, but you will no longer be able to drive legally.
It is important to notify the owner of any vehicle you are driving that your insurance only covers property damage and liability. If you do get into an accident, it's possible that the owner will need to pay to have all of the damages repaired. Contact a company like Rowell Insurance Agency for more information and assistance.