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Understanding the Specifics of SR-22 Forms

Understanding the Specifics of SR-22 Forms

One of the most common questions when it comes to automotive insurance forms is what the SR 22 form in Chicago is. Those who have had a great driving record may not know what this insurance is and those who are required to have access to it may not know where to start. We’ll look at some of the most common questions about the form and offer insight if you need to acquire one.

What is an SR 22?

SR-22 is a document that may be required for a driver to maintain or reinstate their driving ability after specific traffic offenses. Sometimes it may be called a Certificate of Financial Responsibility or simply an SR22.

Is it Automotive Insurance?

While it might seem as if SR-22 is insurance, it actually is not. It is simply a document that an insurance company provides to the state government that shows the driver has a current policy that meets the liability requirements set out by the state.

Do I Need an SR-22?

The individuals who need an SR-22 are those who have been convicted of traffic offenses or have been involved in accidents in which they have not been able to show financial responsibility. Some of the reasons you may be required to get an SR 22 form in Chicago include the below:

  • Suspended or revoked license
  • DUI, DWI, or other serious moving violations
  • Repeated traffic offenses or numerous tickets in a short period
  • Instance of driving without a license and/or insurance
  • An accident in which you are at fault while having no insurance

Does SR-22 Cost a Lot?

In most cases, the form is not expensive at all. However, the state it is needed in will have an effect on the price required. There are many insurance providers out there who refuse to insure a driver who needs an SR-22. Others might require an additional fee because of the SR-22. However, other companies are completely open to offering insurance those who have an SR-22 requirement.

Will My Rates Climb?

The answer to this question depends on what violation your SR-22 is related to. However, the increase in premiums would be a result of the violation, not the fact that you have an SR-22 requirement in itself.

If you have a SR-22 requirement and are searching for reasonable insurance in Chicago, Great Northern Insurance Agency can help. You can find out more by visiting our website at www.greatnortherninsuranceagency.com.

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