Specific things can happen that put people into a high-risk category for insurance policies rather quickly. While a person will generally stay in the same risk category they were in before one of these circumstances occurs until the end of their policy, it is possible that their policy might not be renewed or could be canceled in some cases. More likely, however, a person will see a rate increase and possibly have to get SR-22 insurance.
Events that can happen for the state to require a person to get SR-22 insurance include reckless driving, getting a DUI or a DWI, having a large number of points on their license, driving without insurance, and there are others as well. If you have been notified that you need to get this type of insurance, it is essential to know what you need to do to satisfy the SR-22 requirements. In some cases, you may be required to get FR-44 insurance. It is even possible for a person to be required to have both of these. Continue reading to get more information on what an SR-22 is, what an FR-44 is, and what the costs are.
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Drivers that have been convicted of specific violations, such as driving without insurance, could be required to get SR-22 or FR-44 insurance in order to have their driver’s license reinstated and to be able to drive legally in the state. Each of these things is proof of coverage that an insurance provider will send to the department of motor vehicles in Florida. In most cases, a person will need to file either of these forms or both of them, for a total of three years. While it does not cost a lot to file these things, if you are required to file either one, you may see your insurance rates in Florida go up significantly. This is because you are deemed to be a high-risk driver if required to file an FR-44 or SR-22 form.
SR-22 is not a type of insurance policy, but rather a form that must be filed by your auto insurance provider and yourself to prove that you have continuous coverage. You will need to purchase an insurance plan that meets the minimum required liability insurance in the state. The minimum limits for car insurance for a person who is required to have this form include $10,000 of bodily injury coverage per person in an accident, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage per accident. Once you request your insurance company to submit an SR-22 form on your behalf, they will send the information to the DMV. If your insurance plan is canceled, the car insurance provider will contact the DMV and let them know.
Also an endorsement to your automobile insurance plan, an FR-44 is an electronically filed certificate of financial responsibility that shows you are equipped with the required liability coverage to drive legally. Your insurer will notify the state if this coverage is no longer in place. This form is often only required if a person is found guilty of driving under the influence of alcohol or while intoxicated. FR-44 insurance is sometimes also called DUI insurance. These types of convictions are taken seriously, and the person who has to submit this form has higher minimum limits for car insurance than people who only need an SR-22 form or traditional insurance. Liability limits for at least $100,000 of bodily injury liability coverage per person injured in an accident, $300,000 of bodily injury liability coverage per accident, and $50,000 of property damage liability per accident are required.
If you do not have a car registered in your name, you can fulfill the requirements for either of these types of insurance through a nonowner’s insurance policy if you need to reinstate your license in Florida. Some people need to have an auto license for work or for other reasons. This allows people to have these requirements to obtain an insurance policy so they can drive legally in the state.
Getting these forms happens by paying a small fee, which is usually passed along to the person who is looking to purchase a policy. The fee is $15, and there are no additional fees that come from filing the form. That said, if you are required to fill out either of these forms, you will be a high-risk driver and pay significantly more for automobile insurance on average.
Comparison-shopping is the top way to save money on auto insurance in the state of Florida. Many people also choose to get less coverage overall if they had full coverage previously. Focus on improving your driving record so you can move out of the high-risk category as soon as possible. FloridaDiscountInsurance recommends people to compare auto insurance rates and use free quotes for auto insurance on this website every year or two to get the best prices for car insurance available for your situation.
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on the Florida Discount Insurance policies