Considering Florida SR22 Insurance Requirements For Greater Risk Motorists
There is much talk about SR22 insurance. Do you know what SR22 is? Do you know why some people have to have SR22 insurance? You may have several different circumstances that could lead up to this. There is much to consider with Florida SR22 insurance requirements. Here are some things to think about.
You may be involved in a traffic offense, like a DUI. It may be severe enough to warrant suspension or revocation of your driver’s license. This makes you a high risk driver. To get your license back, you must prove to the state that you have continuous auto insurance. It is not good enough to sign a statement anymore.
SR22 is the form that your insurance company must file with the state of Florida. It has to be filed electronically. It may also be faxed. The information on this form concerns your insurance coverage. You need a specific amount of auto insurance for SR22.
Your insurance company must notify the state of certain changes in your insurance. If you cancel your policy, they must be informed. If you fail to make a payment and your coverage lapses, the state must be notified. This includes coverage lapses of one day, also. Your insurance company must do this for three years.
If your insurance lapses, your license will once again be suspended. Your vehicle tags and registration will also be suspended. This can be as long as three years. You will incur additional fees when your license is reinstated. In addition, your three year SR22 period will start over again. This does not matter how long it previously was.
You are a high risk driver with SR22. This means you must carry more insurance than the average driver. Most Florida drivers need to have Personal property and personal injury protection of $10,000. The minimum for accident coverage is $20,000.
If you are a high risk SR22 driver, your minimum coverage skyrockets. You will be required to have fifty thousand dollars for personal property damage. Bodily injury coverage will be one hundred thousand dollars for one person. More than one person requires three hundred thousand dollars coverage.
Needless to say, your insurance rates will be high. This is due to the increased limits. It is also due to the fact that you are now a high risk driver. You may also incur additional fees related to SR22.
Your driver’s license suspension may be over. However, your license is not immediately returned. You have to buy SR22 insurance. This makes no difference if you own a car or not. You have to buy a non owner auto insurance policy. This has all of the higher liability limits as the owner policies. However, you may require the use of an ignition interlock device. In that case, you need to buy a car, to get your license.
In conclusion, having major traffic violations will cause you many problems. If so, your insurance premiums are going to skyrocket. It will be more difficult to get insurance, also. Your insurance company will have to file an SR22 form with the State of Florida. This will prove that you have the necessary insurance. Do not let your coverage lapse for one day. If so, you will lose your license, car tags and registration. The Florida SR22 insurance requirements are for three years.
When you are must certify that you maintain an insurance policy for your automobiles, you may be required to obtain SR22 insurance. In Florida, an SR22 filing means that your insurer reports to the state if your policy lapses.
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