Thinking About Florida SR22 Insurance Requirements For High Risk Drivers | Insurance

Thinking About Florida SR22 Insurance Requirements For High Risk Drivers

Written by Jack Bennington

Tuesday, 10 August 2010 14:16

by JackBennington

You may have heard of SR22 Insurance. Do you know what an SR22 form is? Are you aware of the circumstances that can bring about an SR22 situation? There are many things surrounding Florida SR22 insurance requirements. You may wish to consider this information if you have driving problems.

You may be involved in a traffic offense, like a DUI. It may be severe enough to warrant suspension or revocation of your driver's license. This makes you a high risk driver. To get your license back, you must prove to the state that you have continuous auto insurance. It is not good enough to sign a statement anymore.

SR22 is the form that your insurance company must file with the state of Florida. It has to be filed electronically. It may also be faxed. The information on this form concerns your insurance coverage. You need a specific amount of auto insurance for SR22.

Your insurance company must notify the state of certain changes in your insurance. If you cancel your policy, they must be informed. If you fail to make a payment and your coverage lapses, the state must be notified. This includes coverage lapses of one day, also. Your insurance company must do this for three years.

It is a good idea to keep your auto insurance current in an SR22 situation. If your coverage lapses, your driver's license will once again, be suspended. In addition, your car tags and registration will also be suspended. This suspension may be up to three years. You will have to pay fees for reinstatement. Your three year SR22 period will begin again. This does not matter how much time was left.

As a high risk driver, your amounts of insurance will be considerably greater than normal. The average Florida driver must carry ten thousands dollars in personal injury protection. The same amount is required for personal property damage. The liability for bodily injury is ten thousand dollars per person. It is also twenty thousand dollars per accident. These are the minimum requirements.

As a high risk Florida driver your minimum coverage limits will escalate. You will need $50,000 coverage for personal property damage. You must have $100,000 coverage for bodily injury. This is for one person. You need $300,000 coverage in case more than one person is injured.

Your auto insurance policy will increase in price a great deal. Your increased liability coverage is only part of the reason. You are a higher risk to insurance companies, due to your driving record.

Suppose you want to get your license back. However, you may no longer own a car. You will be required to have SR22 auto insurance. You will need to have a non owner's insurance policy. It must still meet the higher insurance limits of an owners policy. However, you may be required to have an ignition interlock device. This would disqualify you from such a policy. You would need to own a car to get your license back.

In conclusion, having major traffic violations will cause you many problems. If so, your insurance premiums are going to skyrocket. It will be more difficult to get insurance, also. Your insurance company will have to file an SR22 form with the State of Florida. This will prove that you have the necessary insurance. Do not let your coverage lapse for one day. If so, you will lose your license, car tags and registration. The Florida SR22 insurance requirements are for three years.

DISCLAIMER: This article is provided as information only and is not to be taken as financial advice.

When you are must prove that you carry an insurance policy for your vehicles, you may be required to obtain SR22 insurance. In Florida, an SR22 filing means that your insurer reports to the state if your policy lapses.