What is SR 22 Insurance?

SR22 Filings

"SR22 Insurance" as is commonly referred to, Is actually only "Auto Insurance" where the insured has requested and the Insurer has agreed and filed a form SR22 with the state on the insured's behalf. An SR22 is generally required after a traffic citation for Driving without the appropriate Financial Responsibility (Insurance) as required by state law. The law requires that should the policy Expire, Cancel or Non-Renew for any reason, The insurer must file a cancelation of the SR22 with the State. Should your filing period not yet be expired, Then the state will suspend your license for failure to comply with the SR22 requirement.  

answer

SR22 is not a type of insurance. It is the name of a particular form that insurance companies offer filings for. Usually it is filed between different states. All states however do not accept or require SR22's. It is usually required if your license have been suspended or revoked in a certain state.
An SR-22 insurance policy is a certificate of insurance that shows the department proof of insurance for the future, as required by law. SR-22 is a motor vehicle liability insurance which requires the insurance company to certify coverage to the Division of Motor Vehicles, and the insurance company must notify DMV any time the policy is canceled, terminated or lapses. You do not need to own a car to buy this kind of insurance. If you do not own a car, ask your insurance company about a non-owner SR-22 policy. For the state of California the limit of Liability is 15/30/5, the sr22 is proof for the state of california that the person making the sr22 filing is indeed carrying those limits. If the sr22 cancels for any reason in the state of california the insurance company guarantees that they will file an sr26 as soon as it does cancel.  

What is SR22 Insurance

An SR22 Form Filing is an endorsement that is added to an Auto Insurance Policy that informs the department of Motor Vehicles that you are now in compliance with the state's minimum requirements for Auto insurance. The Prmary reason an SR22 Filing is ordered is due to the driver's already having been convicted of a Failure to maintain Auto Insurance as required by law. It can also be required after certain other traffc related offenses such as DUI's, DWI's and other serious traffic violations involving negligence or severe endangerment of other drivers or pedestrians.
If your SR22 endorsed Auto Insurance Policy cancels, lapses or expires for any reason, The Insurer is required by law to send an SR26 Filing to the state DMV notifying them that you are once again no longer in compliance with the states Financial Responsibilty laws. After an SR26 filing the state can then Suspend your drivers license. You will likely then have to find another or the same insurer that is willing to issue an SR22 Filing to have your license re-instated.
The purpose of an SR22 filing is to prove to the state that you are now in compliance with the states Financial Responsibility Requirements. An SR22 filing is generally required after a driver has already been cited for driving without the minimum state required liability coverage. The filing of an SR22 will also allow your license to be reinstated after a suspension or will prevent the suspension from occurring if filed within 30 days of an SR22 filing being ordered by your state.  

Answer

An SR-22 is a certificate of insurance filed by the home office of an insurance company directly to the Secretary of State. The SR-22 certificate is issued in one of the following forms:
1. Operator's Certificate - This policy covers the motorist in the operation of any non-owned vehicle. If the motorist does not own a vehicle, the financial responsibility requirement can be met through the Operator's Certificate.
2. Owner's Certificate - This policy covers vehicles owned by the driver. The type of vehicle must be listed on the SR-22 or may be issued for "All owned vehicles".
3. Operators-Owners Certificate - This certificate covers all vehicles owned or non-owned by the driver.

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First answer by SSR202. Last edit by Elduce619. Contributor trust: 1 [recommend contributor]. Question popularity: 67 [recommend question].