Maintaining Continuous SR-22 Coverage and Why It’s Important

An SR-22 is a certificate of financial responsibility the state requires for certain drivers, proving that you carry the minimum required liability insurance. Ensuring that this coverage remains uninterrupted is essential for legal and financial reasons.

Legal Implications of Lapsed Coverage

One of the most significant reasons to maintain continuous SR-22 coverage is to comply with legal requirements. If your SR-22 coverage lapses, your insurance company notifies the state, which can result in the suspension of your driving privileges. You could lose your driver’s license, making it illegal for you to drive until you reinstate your SR-22 and pay any associated fines or fees.

Reinstating your driving privileges after a lapse in coverage can be a lengthy and costly process. You may be required to pay reinstatement fees, provide proof of insurance and possibly face additional penalties.

Financial Consequences of a Lapse

A lapse in SR-22 coverage can have significant financial consequences. Insurance companies view lapses in coverage as a red flag, indicating higher risk. As a result, you may face increased premiums when you attempt to reinstate your policy. The longer the lapse, the more challenging it can be to find affordable coverage.

It’s also important to consider the impact on your overall insurance history. A lapse in coverage can affect your insurance record, making it more difficult to obtain standard insurance policies in the future. By maintaining continuous SR-22 coverage, you build a positive insurance history, which can benefit you long after the SR-22 requirement has been lifted.

Contact Us

Contact King Insurance for an SR-22-compliant auto insurance quote. Our team can provide detailed information tailored to your specific situation and help you maintain continuous SR-22 coverage.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.