Texas SR22 Insurance is a form of high-risk auto insurance that allows the state of Texas to verify that drivers meet certain financial responsibility requirements. Whether youre an experienced driver or just got your license, its important to understand Texas SR22 Insurance and how it works.
Do you need to file an SR22 with the state of Texas? The answer may depend on your driving record and other factors. Generally, drivers need an SR22 in Texas when they violate specific traffic laws, such as insufficient insurance, DUI/DWI, too many tickets/moving violations, or reckless driving. There are also cases in which drivers are required to file for SR22 if their license has been suspended or revoked.
So, what is the SR22 filing process? Generally speaking, when you receive notification from the court or DMV that you need to provide an SR22 certificate, your insurance company will help you file the required paperwork. The insurance provider will then submit the form to the Texas Department of Public Safety, who will notify you once the process is complete. Its important to know that filing an SR22 isnt enough, as it doesnt replace traditional auto insurance coverage.
The costs associated with SR22 insurance can be higher than traditional auto insurance, as it is a higher-risk type of coverage. Drivers with a record of traffic violations or license suspension/revocation need to make sure they purchase adequate liability coverage, which is required to file an SR22. Additionally, drivers with SR22 insurance may be required to pay a filing fee and a certificate of Financial Responsibility fee.
In Texas, the minimum liability auto coverage required to purchase SR22 insurance includes $30,000 for injury/death to one person, $60,000 for injury/death to more than one person, and $25,000 for property damage. Its important to note that all drivers need to maintain this SR22 insurance for the required time-period, usually three years.
Its also important to remember that SR22 insurance is annual coverage, so you need to renew your policy if you want to remain compliant. In addition, if you fail to make payments or let your policy lapse, your insurance provider is required to notify the Texas DMV. At that point, your license may be suspended or revoked.
Now that you have some background on Texas SR22 Insurance, what comes next?
In the next four sections, we will look at how to find the best auto insurance policy for your needs, the different factors that go into determining the cost of SR22 insurance, the importance of monitoring your driving record, and the best ways to get the discounts you deserve.
When purchasing SR22 insurance, the price you pay ultimately depends on the availability and cost of coverage in your area. Shop around to find the best policy for your needs and budget. Comparing quotes from multiple providers can have huge rewards in terms of finding the most competitive rates.
Be aware that the insurance company will take a look at your driving record when determining your rates. As such, it pays to keep track of your driving. Regularly check your records to make sure there are no mistakes or damages that could play a role in the rate you receive.
Discounts can be a great way to reduce your premiums on SR22 insurance. Some of the discounts you may qualify for include good driver discounts, multi-policy discounts, military discounts, and more. As mentioned before, shopping around can also lead to significant savings.
Remember, SR22 insurance is something to take seriously and no matter what your driving history looks like, remaining compliant with the states requirements is essential to keeping your license and driving privileges intact. With this guide to Texas SR22 Insurance, you can make sure you make the most informed decision when it comes to purchasing coverage.