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An SR-22 is a certificate of financial responsibility required for some drivers by their state or court order. An SR-22 is not an actual type of insurance, but a form filed with your state. This form serves as proof that your auto insurance policy meets the minimum liability coverage required by state law.
How much does SR-22 insurance cost in Virginia?
Cheap Virginia SR-22 Insurance: Key Takeaways On average, SR-22 insurance costs $72 monthly for minimum coverage and $150 for full coverage. To meet SR-22 requirements, drivers need $25,000 in bodily injury coverage per person and $100,000 per accident, plus $20,000 for property damage.
How long is SR-22 required in Virginia?
file a Financial Responsibility Insurance Certificate (SR-22) with DMV for three years.
What if I cant pay my SR-22?
Typically, the state will suspend your license and you may have additional fines as well. Keep in mind that license suspensions show up on your motor vehicle report which would likely mean that your auto insurance rates would increase the next time you receive a policy.
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SR-22 Insurance: What It Is, How It Works State Rules
Mar 15, 2024 SR-22 insurance is car insurance coverage that satisfies a high-risk drivers state-mandated requirement to maintain proof of insurance coverage
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