SR22 is issued to you when you have been stopped by police for driving with improper insurance or no insurance at all. It may also be imposed on you when you commit a traffic violation. An accident, driving without proper documents or driving under the influence of some drug will attract SR22 and then you will have to maintain this insurance, so you are allowed to drive. If you fail to maintain insurance, you can’t drive.
By maintaining your SR22 insurance properly, you are giving a proof to the state and DMV that you are financially responsible for your vehicle. In most cases, the duration for which you will have to carry and maintain the insurance is 3 years. The duration might be longer for serious offenses. Failure in maintaining the insurance may lead to the cancellation of your driving license. Also, in such a scenario the insurance is canceled by your insurer.
One of the major concerns of people, who must carry SR22 with them, is the SR22 insurance rate. The answer cannot be quoted in figures for this particular insurance, because it is all about risk financing. The risk you are exposed to decides the amount of insurance. You will have to make considerable research in order to obtain SR22 insurance at affordable rate. Another important factor that decides the cost of your insurance is your offense.
There are other factors too that affect SR22 insurance rates. These factors can be your location, zip code and probably the route you follow on daily basis. You can easily predict that the costs will not be low, since you are considered a high-risk driver for being on SR22. However, if you have been asked to obtain SR22 for an offense as small as parking improperly or failing to pay the parking tickets in time, the costs might be low for you.
Best way to find affordable SR22 insurance rates is to look for companies online, especially the ones that are providing services in various states. If you are unsure of your continuous stay in the state where you were given the SR22, you should definitely look for a company that has its services available in other states too. You might want to read carefully the rules pertaining to varying SR22 laws and terms in different states. Lastly, make sure your documentation for insurance is complete and you are driving safe all the time.