SR22 Insurance Basics
SR22 insurance is a type of auto insurance that is required by law in certain situations. It is designed to provide proof of financial responsibility to the state, typically after a driver has been convicted of a serious traffic violation.
In Colorado Springs, SR22 insurance is required for drivers who have been convicted of:
- Driving under the influence (DUI) or driving while ability impaired (DWAI)
- Reckless driving
- Vehicular homicide
- Driving without insurance
- Accumulating too many points on their driving record
SR22 insurance is typically more expensive than standard auto insurance, as it is considered a higher risk policy. However, it is important to maintain SR22 insurance for the required period of time, as failing to do so can result in the suspension of your driver’s license.
Maintaining SR22 Insurance
SR22 insurance requirements vary depending on the state and the reason for the requirement. In Colorado, SR22 insurance is typically required for three years after a DUI conviction or other serious traffic violation. However, the length of time may be shorter or longer depending on the specific circumstances.
Failing to maintain SR22 insurance can have serious consequences, including the suspension of your driver’s license and registration. In some cases, you may even be required to serve jail time.
To ensure continuous SR22 insurance coverage, it is important to:
* Choose an insurance company that offers SR22 insurance.
* Pay your premiums on time.
* Notify your insurance company of any changes to your driving record.
* Keep a copy of your SR22 certificate in your vehicle at all times.
By following these steps, you can ensure that you maintain SR22 insurance coverage and avoid the negative consequences of failing to do so.
Additional Considerations
Obtaining SR22 insurance comes with certain implications that drivers should be aware of, including its impact on insurance premiums and driving privileges.
Impact on Insurance Premiums
SR22 insurance typically leads to higher insurance premiums. This is because it signals to insurance companies that you have a higher risk profile due to your driving history. The increase in premiums can vary depending on the severity of the violation that led to the SR22 requirement.
Impact on Driving Privileges
In addition to affecting insurance premiums, SR22 insurance can also impact your driving privileges. If you fail to maintain SR22 insurance as required by the court, your driver’s license may be suspended or revoked. This can have serious consequences, including difficulty obtaining employment, housing, and other essential services.
Resources for Additional Information and Support
If you need additional information or support related to SR22 insurance in Colorado Springs, there are several resources available:
- Colorado Department of Revenue: https://www.colorado.gov/revenue/dmv
- Colorado Division of Insurance: https://doi.colorado.gov/insurance
- National Association of Insurance Commissioners (NAIC): https://www.naic.org
