Save Money and Heartache on SR22 Insurance in the Chicago Metro Area
SR22 insurance does not provide additional insurance as many people believe. SR22 insurance is a way to structure your auto insurance policy. SR22 insurance does not have the same benefits as car insurance.
The SR22 insurance is the same as regular car insurance. However, there is an additional aspect to the SR22 policies that is not in the auto policy. Your regular auto insurance policy does not need to be filed with state. However, you must file your SR22 policy. SR22 insurance is required for people with a poor driving record to prove financial responsibility.
The filing of SR22 is different in each state. SR22 insurance is required in Illinois for operators who have been convicted of mandatory insurance violations, safety suspensions or certain unsatisfied judgement suspensions.
SR22 is an insurance certificate that shows active coverage. SR26 refers to the cancellation of an SR22 certificate. The insurance company must file the Sr22 certificate for a time period of 1 to 3 years. The insurance company can cancel the certificate if the insured fails to keep the insurance. This will notify the State who may suspend driving privileges through the SR26 process.
SR22 insurance, which is a policy for car liability, must be filed with state. The minimum limits are the same as those for regular auto policies. It is not an additional insurance policy.
Limitations of SR22
The minimum requirements for SR22 vary between states. The minimum liability requirements for an SR-22 policy in Illinois are as follows: For a person to be considered deceased or seriously injured, the minimum coverage must provide $20,000 in death or injury coverage. The maximum amount of coverage for property damage must cover $40,000 in deaths or serious injuries. Higher limits are possible.
Tip when Shopping
a. The SR22 certificate does not provide additional insurance. You can ask your agent to file an SR22 certificate if you have an existing policy for your car. While some preferred insurance companies don’t offer this service, others may be able to file it without additional charges.
2. If your current insurance company doesn’t offer SR22 coverage, you can get multiple quotes by scheduling your vehicle under the new policy. There is no way to know if your SR22 filing will be more affordable with or without scheduling your vehicle. It all depends on your ZIP codes and driving records. A comparison is the best option. Many agencies provide instant quotes, both for owner and non-owner SR22 coverage.
Once you have your SR22:
Your SR22 insurance can cost you more if you treat it the same as your regular car insurance. In the event of an accident, driving under a canceled policy on your auto can have very negative consequences. Driving under a canceled SR22 policy is very distressing even if there are no accidents. Non-payment, non-compliance with underwriting requirements, etc. can result in a SR22 certificate being cancelled. The insured loses his driving privileges, which can lead to the arrest of the operator and the impoundment of the vehicle in the event of a routine traffic stop.
