What is SR22? Part of the license reinstatement process requires that you have a licensed insurance provider file an SR22 form with your state DMV. SR22 is also called a certificate of insurance or financial responsibility form. You can purchase SR22 insurance with or without ownership of a vehicle. The certificate is an attachment (rider, endorsement) to an auto insurance policy. If you don’t own a car, truck, or motorcycle, you’ll get an SR22 non owner insurance policy, and the certificate is endorsed to that policy. What does an SR22 filing do? Most states require people to carry high-risk insurance for 1-3 years without lapse of coverage. During this time, the certificate is a means for the state to monitor your insurance coverage. The state considers your filing a guarantee of insurance coverage. Why is it considered a guarantee? Because if you miss a payment, the result is immediate license suspension. High-risk drivers need to have current insurance coverage to be financially responsible if they have any future at-fault accidents. Some of our customers have asked if they can stop making SR22 insurance payments if they move to another state. The answer is no. You’ll have to keep this insurance in force as long as your current state requires it. Each state recognizes an individual’s SR22 requirement in another state. … Continue reading What is SR22?