After my friend got into a pretty significant car accident, I began thinking about ways to prevent the same type of thing from happening in my own life. I started driving safer and working on eliminating issues, and while it was difficult, it really helped me to clear my head while I was on the road. I also opted for a higher auto insurance policy, which I felt would be especially helpful in the long run. Now I can honestly say that my car is covered and I don't worry too much about the ramifications of other drivers on the road. Read this blog to learn more.
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Given the rising cost of living and unemployment, many motorists are going about their business without insurance. National statistics show that 13% of Americans don't have auto insurance policies. With the SR-22 form, it will be easier for states to establish those without insurance. You need to know the following about SR-22 insurance.
Is SR-22 Car Insurance Necessary?
The SR-22 form proves that you have the requisite car insurance as required by law. Your form should be filed with your state as a clearance. The SR-22 is also known as a Certificate of Financial Responsibility. The SR-22 form also goes by the name SR-22 Bond.
SR-22 insurance is, in most cases, ordered by a state or by a court. The form is needed by those who have been intercepted without a valid driver's license or insurance. A judge will announce the court-ordered form in your presence. An SR-22 form ordered by the state is brought to your attention by your local bureau of motor vehicles.
Another reason why an SR-22 form will be required is if you haven't been paying court-ordered child support. If you have a hardship license issued after your license is suspended, you'll at one point be called upon to present an SR-22 form. Repeat offenses and multiple violations will lead you in the direction of an SR-22 form.
Cost and Validity of an SR-22 Form
In most states, you'll pay a one-time amount when filing the SR-22 form. In most states, you'll be expected to pay a flat rate for every filed form. Note that if your form bears both yourself and your spouse, then the fee will automatically double.
The validity of your SR-22 form hinges on the insurance policy taken. If your policy is revoked while still having your SR-22 insurance, you'll have to report to state authorities for guidance. If coverage is seen to be on an intermittent basis, then you stand a chance of losing your driving rights. Although premiums have gone up by 29.6% nationally, you should get a policy to avoid run-ins with the law.
Obtaining an SR-22 Form /FR-44
The SR-22 form is acquired from an insurance company. In most cases, one will have to tick on the question on policy forms prompting you to get a Certificate of Financial Responsibility. Once this is done, the filing process begins.
The FR-44, like the SR-22, also indicates that you're within the law in terms of insurance. The FR-44, however, includes more liability requirements in comparison to the SR-22. Some states will require both of these forms.
Conclusion
You should be prompted to get licensed after seeing the damning statistics on illegal drivers. As it's nearly impossible to escape the long arm of the law, take out an insurance policy today. Renew your driver's license as well to avoid penalties.
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