What is SR22 insurance? At times, there can be confusion surrounding this type of insurance. There are a number of reasons why this may happen. There are also many things to know about this type of auto insurance. Here is information concerning Florida SR22 insurance requirements.

When someone is involved in a serious traffic offense, they will face penalties. These include DWI convictions. Some of those penalties includes driver’s license revocation or suspension. After the suspension period, you must carry a certain amount of insurance coverage. You must also prove that you have continuous coverage on your car. You can no longer just sign a paper.

SR22 is a form that your insurance company must file with the state of Florida. This form states that you have the minimum requirements for auto insurance. This must be at the levels specified by the state of Florida.

The company that holds your insurance policy is required to notify the states for other reasons also. You may cancel your insurance policy. You may not make one of your payments. This will cause your coverage to lapse. Your coverage may lapse for only one day. All of these instances must be reported to the state of Florida. This lasts for three years.

It is a good idea to keep your auto insurance current in an SR22 situation. If your coverage lapses, your driver’s license will once again, be suspended. In addition, your car tags and registration will also be suspended. This suspension may be up to three years. You will have to pay fees for reinstatement. Your three year SR22 period will begin again. This does not matter how much time was left.

SR22 drivers are considered to be high risk drivers. They must carry a great deal more liability insurance than most drivers in Florida. The average Florida driver must have $10,000 insurance coverage for personal property damage. The amount is the same for personal injury protection. Accident coverage minimum is $20,000.

As a high risk Florida driver your minimum coverage limits will escalate. You will need $50,000 coverage for personal property damage. You must have $100,000 coverage for bodily injury. This is for one person. You need $300,000 coverage in case more than one person is injured.

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.

It may be time to get your license back. What if you do not have a vehicle? You still have to buy SR22 insurance. You will buy a non owner auto insurance policy. It will include high liability coverage, the same as SR22 auto owners. If your conditions include an ignition interlock device, you are out of luck. You will have to buy a car to receive your driver’s license.

In conclusion,Florida SR22 insurance requirements can seem complicated, at times. You may have had your license suspended or revoked. If so, proof of insurance will get more difficult for you. You will need to pay higher rates and carry considerably more coverage. Your insurance company must file an SR22 form with the state of Florida. This tells the state that you have the proper insurance required by law. If you let it lapse for one day, you will be penalized. Your driver’s license and vehicle registration will be revoked. Your three year SR22 period will start over again.

When you are must certify that you maintain insurance coverage 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.