Do you need to obtain Oregon SR-22 insurance to reinstate your driver’s license? The information you find online can be overwhelming when you’re already in distress. This article is just for you.
We’ll walk you through what to know about SR-22 insurance in Oregon and how to get affordable payments. UltraCar Insurance compares rates from top companies to find the most affordable SR-22 policy for you. On that positive note, let’s get started!
What is Oregon SR-22?
SR-22 is a certificate of financial responsibility showing that a driver has the required liability insurance coverage. Individuals must submit an SR-22 filing to the state when they lose driving privileges after traffic offenses, such as driving under the influence (DUI) or reckless driving, or multiple traffic tickets/accidents. You will likely need to find a high-risk insurance provider to endorse the SR-22 certificate to your auto insurance policy (or to a non-owner policy if you don’t own a car) and file it with the state. The filing remains in effect for a specific time, typically three years.
How Does SR-22 Insurance Work?
SR-22 is car insurance for high-risk drivers required by the Oregon Department of Transportation after a license suspension. Another reason for an SR-22 requirement is to comply with a non-traffic-related court order or legal obligation. This type of insurance is sometimes called high-risk auto insurance or financial responsibility insurance.
Oregon SR-22 insurance is similar to other types of car insurance in that it provides coverage for property damage and injuries that result from a car accident. However, it is specifically for drivers at higher risk of accidents due to their driving history. Therefore, SR-22 insurance policies typically have higher premiums than standard car insurance policies.
Who Needs SR-22 Insurance in Oregon?
Obtaining an SR-22 certificate, attaching it to an Oregon owner or non-owner SR-22 insurance policy, and filing it with the state is necessary in a variety of license suspension scenarios. Filing the certificate allows you to reinstate your Oregon driver’s license.
Below are examples of situations that require drivers to file an SR-22 certificate. Please note that these are the most common reasons, but this list is not exhaustive.
A DUI or DWI Conviction
Drivers convicted of a DUI or DWI in Oregon may have to get SR-22 insurance to reinstate their driving privileges and restore their driving record after a DUI.
Reckless Driving
If a driver has a reckless driving conviction in Oregon, they may need an SR-22 policy to retain their driving privileges.
Operating A Vehicle Without Insurance
Drivers cited for driving without insurance in Oregon may need to file an SR-22 if their license suspension resulted from the violation.
Too Many Violations On The Driving Record
Oregon may suspend or revoke a driver’s license if they accumulate excessive violations on their driving record within a specific period. In this case as well, they may need SR-22 insurance to keep their driving privileges.
Uninsured Accidents
If a driver causes a car accident in Oregon and lacks insurance, the DMV may require them to obtain SR-22 insurance.
Why is Oregon SR-22 Expensive?
SR-22 is a high-risk insurance policy for drivers with a history of risky or irresponsible driving, such as those listed earlier. Therefore, high-risk car insurance is more expensive than standard (preferred) car insurance. Below are specific factors that drive the higher rates insurance companies charge for Oregon SR-22 policies.
Risk Profile
Risk equals cost for insurance companies. Insuring drivers who need SR-22 insurance costs insurance companies more than insuring average drivers. As a result of this difference, they charge high-risk drivers higher premiums.
Required Coverage Limits
Drivers with SR-22 insurance usually must maintain higher coverage limits than they would otherwise carry. The higher coverage also increases the cost of these policies.
Multiple Violations
Drivers with multiple traffic violations or other risk factors face higher premiums than those with a single violation.
Limited Availability of Oregon SR-22 Insurance
Many standard auto insurance companies do not offer SR-22 coverage. Those that do may have limited availability in certain states. The limited availability of high-risk auto insurance makes it harder for drivers to find a policy that meets their needs, thereby driving up costs. However, there are ways to overcome this challenge.
How to Get Affordable Oregon SR22 Insurance
The best way to get the most affordable SR22 auto insurance policy in Oregon is to compare rates from all the companies that offer SR-22 insurance. The average person lacks the knowledge and the experience to do this.
UltraCar Insurance compares Oregon SR-22 insurance quotes from top-rated companies. You can then choose a policy that best fits your budget and coverage requirements. In most cases, we obtain your certificate the same day so that you can get behind the wheel quickly.
Ready to get affordable SR22 insurance in Oregon? Call us today or get a free online quote now – and no filing fees!
