If you need to file an SR-22 form, you have three main types to evaluate. An Owner’s SR-22 Policy is for those who own a vehicle and need to prove they have the minimum liability coverage required by their state, such as $30,000 bodily injury per person and $60,000 per accident in Texas. A Non-Owner’s SR-22 Policy is designed for individuals who don’t own a vehicle but still need to drive, providing liability coverage for accidents in non-owned vehicles. An Operator’s SR-22 Policy, though less commonly referenced, fundamentally serves the same purpose as the non-owner policy, ensuring you meet state liability standards when operating vehicles you don’t own. Understanding these types will help you comply with state regulations and maintain your driving privileges, and exploring each further will provide more detailed insights into their specific requirements and benefits.
Owner’s SR-22 Policy
The SR-22 owner’s policy attests that you have insurance coverage that meets the state-mandated minimum liability criteria.
This policy covers only the vehicle you own and guarantees you have liability protection, but it doesn’t cover physical damage to the vehicle. Additionally, the minimum liability coverage required by Texas law for an SR-22 owner’s policy includes bodily injury limits of $30,000 for each person and $60,000 per accident.
You must maintain this coverage for a specified period, usually around three years, and any break in coverage can result in license suspension.
The insurer files the SR-22 form with the state DMV, and you must inform your insurance company of any changes, such as purchasing a new car, to update the form accordingly.
This policy is typically required for drivers classified as high-risk due to offenses such as DUI, reckless driving, or multiple traffic violations.
Non-Owner’s SR-22 Policy
If you don’t own a car but still need to drive, non-owner SR-22 insurance is designed for you. This type of insurance is typically required for high-risk drivers with serious moving violations, such as a DUI or hit-and-run.
Here are the key points to take into account:
- Eligibility: You mustn’t own a vehicle, not live with someone who owns a vehicle you can access, and have no requirement for an ignition interlock device. You also need a current and valid driver’s license.
- Coverage: It provides liability coverage that meets state requirements, covering costs if you get into an accident in a vehicle you don’t own.
- Filing: The insurance company will file the SR-22 form with the state’s DMV, verifying basic liability or minimum coverage.
- Maintenance: Maintaining the SR-22 insurance is required for a specific period to avoid license suspension. Additionally, minimum liability coverage limits must match regular auto insurance in Texas to ensure compliance.
Non-owner SR-22 insurance doesn’t include collision or extensive coverage, and it’s usually more affordable than traditional car insurance since it only covers liability.
To obtain this insurance, you need to find an insurance company that offers non-owner car insurance, purchase a policy that meets state minimum requirements, and inform the insurance agent that an SR-22 filing is needed. The insurance company will then file the SR-22 form with the state’s DMV.
Operator’s SR-22 Policy
When you don’t own a vehicle but still need to operate one, an Operator’s SR-22 Policy is designed to cover your needs. This policy satisfies the minimal liability standards set by your state, even if you don’t own a car.
It’s required for drivers who need to demonstrate financial responsibility without owning a vehicle, such as those who drive rented or borrowed vehicles.
You may need this policy if your license is suspended or revoked and you still need to drive, or after certain driving infractions like DUIs, multiple traffic offenses, or driving without insurance. Additionally, obtaining an SR-22 may be necessary following a DWI conviction, which can significantly impact your driving record and insurance requirements.
Your insurance company will file the SR-22 form with the state’s DMV and charge a fee for this service. You typically need to maintain this policy for about three years, ensuring continuous insurance coverage to avoid further license suspension.
Failure to comply can result in the suspension of your driving privileges.
Conclusion
So, rejoice in the bureaucratic joys of SR-22s, and remember, compliance is key to keeping your driving privileges intact. Happy driving!
