SR-22 insurance is a financial responsibility insurance required by a motorist after their driving license has been revoked or suspended. The SR-22 form allows the reinstated driver to get back the necessary insurance coverage required by law to drive. The form can be filed either by the driver himself or by the insurance company with the Department of Motor Vehicles (DMV). The filing of SR 22 in Lacey is needed by those who are considered high risk drivers.
What is the Cost of SR-22 Form?
You do not have to pay any money to acquire this form. However, there are other costs which associated with the reinstatement of your driving license and the increase in your monthly payments. For instance, you will have to pay some charges for moving or parking violations. These types of traffic violations will make your insurance company view you as high risk driver, which means an increase in your monthly payments.
What Type of SR-22 Insurance Policy Do You Need?
Before you apply for an SR-22 auto insurance policy, you have to ascertain whether you need an owner’s policy or a non owner’s policy. An owner’s auto insurance policy covers people who own a vehicle while the non owner’s auto insurance policy covers individuals without their own vehicle or those whose car is not registered in their own name. Remember, an owner’s auto insurance policy allocates liability only; it does not cover the car you are driving. If you require safety for an SR 22 in Lacey, make an inquiry from your insurance company concerning the crash insurance plan.
How Long Should You Have the Form?
Most states require drivers to provide the form for a period of one to three years. There are some other states; however, that may require a driver to provide the form for up to five years. If you fail to pay your insurance premiums during this period, you may be required to start all over again.
How Can You Get a SR-22 Form?
You can get your SR-22 form from your insurance provider if you are currently insured. If you are not insured, you will need to first apply for a new policy and notify the company you need to have an SR-22 form.
