What is SR-22 Insurance?
An SR-22 is not an insurance policy; it’s simply a financial responsibility form that proves an individual has the minimum liability insurance as required by law. An insurance provider will automatically notify the South Carolina DMV when an SR-22 is cancelled, terminated or lapses.
Financial Responsibility for Crash, Conviction or Judgment
The South Carolina DMV requires SR-22 insurance documents to be filed as proof of financial responsibility when your driver’s license is reinstated. Your driver’s license may have been suspended due to a DUI, driving while your license was suspended, driving uninsured or from another violation.
How long is proof of financial responsibility (SR-22) required in crash, conviction or judgment cases?
You are required by law to maintain this certificate for a period of three years either from the end of your driver’s license suspension or the beginning date of your compliance with the suspension
Why would I need SR-22 insurance?
The SR-22 certificate must be on file with the DMV before they will reinstate your license and the SR-22 must be for the class of license that you have, such as a passenger vehicle license or a motorcycle license. Also, the SR-22 Certificate is required even if you do not actually own a vehicle.
The DMV requires an SR-22 for three years after your suspension was lifted even if you don’t own a vehicle. It is also required during the 6 month period when you are using a provisional driver’s license
If you are convicted of DUI in South Carolina, you will be required to file the SR-22 as a condition for getting your driver’s license reinstated. Basically, SR-22 is the proof you give to the DMV that you have purchased and are maintaining the required liability insurance. Generally, your premiums will increase because you are now considered a high-risk driver by the insurance company. The SR-22 form is evidence of that risk.
What happens if my SR-22 is cancelled?
If you let the SR-22 lapse, your insurance company is required to send the DMV an SR-26 form letting them know that you are no longer in compliance with the terms of your reinstatement – this can result in additional penalties, such as reinstatement fees up to four hundred dollars. In addition to being a requirement for getting your license reinstated, following a conviction for DUI in South Carolina, an SR-22 is required to be on file at the DMV in order for you to obtain a provisional license if your license has been suspended for a first offense driving under the influence or a first offense driving with an unlawful alcohol concentration.
After probation ends – SR-26 filing
If an SR-22 expires or is canceled, your insurance company is required to issue an SR-26 form, which verifies the cancellation of the policy. If this form is filed before your policy term and probationary period are over — it waves a red flag alerting authorities that you may be driving without meeting your financial obligation, and the state may revoke your driving privileges.
If you’re looking for cheap SR-22 insurance, give us a call. We’ll find the right coverage you need.