What is SR22 Insurance?
If you have been convicted of driving under the influence (DUI) or other serious traffic offenses, you may be required to obtain SR22 insurance. SR22 is not actually an insurance policy but rather a certificate that proves you have the minimum required liability coverage. This certificate is filed with the state’s Department of Motor Vehicles (DMV) as a guarantee that you will maintain insurance coverage for a specified period of time.
Why Do I Need SR22 Insurance?
In Oregon, if your driver’s license has been suspended or revoked due to a DUI or certain traffic offenses, you will need to obtain SR22 insurance to reinstate your driving privileges. The SR22 certificate serves as proof to the state that you are financially responsible and have the necessary insurance coverage to be allowed back on the road.
How Do I Obtain SR22 Insurance?
To obtain SR22 insurance in Oregon, you will need to contact an insurance company authorized to issue SR22 certificates. Not all insurance companies offer this service, so it’s important to find one that specializes in providing SR22 coverage. Once you have found a suitable insurance provider, they will assist you in filing the SR22 certificate with the Oregon DMV.
How Much Does SR22 Insurance Cost?
The cost of SR22 insurance can vary depending on several factors, including your driving record, the reason for needing SR22 coverage, and the insurance provider you choose. Generally, SR22 insurance is more expensive than standard auto insurance policies due to the increased risk associated with the driver. It’s best to contact multiple insurance companies to compare rates and find the most affordable option for your specific situation.
How Long Do I Need SR22 Insurance?
The length of time you are required to carry SR22 insurance will depend on the offense that led to the requirement. In Oregon, most drivers need to maintain SR22 coverage for a minimum of three years. However, certain offenses may require longer periods of SR22 coverage. It’s crucial to comply with the state’s requirements and maintain continuous insurance coverage throughout the designated period.
FAQs
1. Can I get SR22 insurance if I don’t own a car?
Yes, you can obtain non-owner SR22 insurance if you don’t own a car but still need to meet the SR22 requirement. This type of insurance provides liability coverage when you borrow or rent a vehicle.
2. Will SR22 insurance cover damages to my own vehicle?
No, SR22 insurance only covers liability for damages you may cause to others in an accident. It does not provide coverage for damages to your own vehicle. You may need additional insurance coverage to protect your own vehicle.
3. What happens if I let my SR22 insurance policy lapse?
If your SR22 insurance policy lapses or is canceled before the required period is over, your insurance company is obligated to notify the Oregon DMV. This may result in the suspension of your driver’s license and potential legal consequences.
4. Can I switch insurance providers while carrying SR22 insurance?
Yes, you can switch insurance providers while carrying SR22 insurance. However, it’s important to ensure that your new insurance company is authorized to issue SR22 certificates. Make sure to coordinate the transition carefully to avoid any gaps in coverage.
5. Will SR22 insurance affect my insurance premiums in the future?
Having an SR22 requirement on your record may increase your insurance premiums. Insurance companies consider drivers with SR22 certificates as higher-risk individuals. However, as time passes and you maintain a clean driving record, your premiums may decrease gradually.