6 Myths About SR22 Insurance

There are many misconceptions about SR22 Insurance that can steer you in the wrong direction. Here are the 6 most common myths.

You Can Get an SR22 Filing without Getting Insurance

An SR22 filing is basically an endorsement on your auto insurance policy that's filed with the DMV to let them know that you have a current and active policy. Since an SR22 filing is an endorsement on your policy, it cannot be purchased on its own.

You Can Cancel Your Insurance Once You Get Your SR22 Filing

Many people believe that once you get your SR22 and get your license back, it is safe to now cancel your insurance policy. This is not true, since an SR22 is a way for the DMV to ensure you carry an active policy, companies are required to report any cancellations of policies that have an SR22 filing attached. This is done in the form of an SR26 that is sent to the DMV immediately after the cancellation of a policy. The DMV will once again cancel your policy pending an active SR22 policy along with another driver's license reinstatement fee that varies state to state.

SR22 Insurance Costs More Than a Conventional Policy

The fee for an SR22 is usually a onetime filing fee of about $20. Other than that, there is no additional cost to have the endorsement on your policy. Now remember that you will get charged for the violations or suspension in which the filing is required for but it would have been the same cost as if you had the same violations but didn't require an SR-22 policy.

You Get Charged Every Month for Having an SR22 Filing

You do not get charged each and every month. The filing fee charged is a onetime charge per policy and may be charged for each subsequent renewal of the policy term but there is not a recurring monthly fee.

If You Don't Have a Vehicle Then You Can't Get an SR22 Policy

If your license got suspended and you need an SR22 Insurance policy but don't own a vehicle then you can purchase a Non Owners SR22 Insurance policy. This type of policy will be sufficient to get your license reinstated.

You Need to Have Full Coverage to Have SR22 Insurance

This is not true; an SR22 is a way for the DMV to make sure that you are financially responsible towards those driving on the road with you. Since you have had some violations that make the DMV consider you a higher risk, they want to make sure that if you do happen to cause an accident that those you hit are covered. With that being said, liability is all you need to obtain an SR22 filing form.