What is an SR-22?
A very common question we are constantly asked is “What is an SR-22?” So we want to address this issue. In California, an SR-22 is not insurance but rather a certificate that you must file with your auto insurance company who will then file it with the DMV (Department of Motor Vehicles) to verify that you meet the state’s minimum requirements for liability auto insurance coverage. The insurance company will notify the DMV if the insurance coverage is cancelled or should lapse for any reason.
In the state of California there are three different types of SR 22 forms:
- An Operator’s Policy Certificate which covers the financial responsibility in case you do not own a vehicle.
- An Owner’s Policy Certificate that covers the financial responsibility for vehicles owned by the driver.
- A Broad Coverage Policy Certificate covers financial responsibility for all vehicles driven by motorist (owned or not owned).
When is an SR-22 Required?
Typically, you will be required to keep an SR-22 on file for the following reasons:
- Individuals convicted of DUI
- An individual who was in an accident or was convicted of a traffic offense was unable to show financial responsibility
- Reinstating your driving privilege following a suspension or revocation
Any one of these events will require you to keep an SR-22 on file with the California DMV. As per the state laws of California, the minimum amount of coverage for one accident should be $15,000 for one person killed or injured, $30,000 for two or more persons killed or injured and $5,000 for property damage.
If you are in a situation where you need to keep an SR-22 on file with the DMV, make sure your California auto insurance covers any vehicle registered in your name and any vehicles you routinely drive.
Having the right car insurance solutions in place is very critical. Speak to one of our licensed insurance solutions professionals to determine your needs and budget. We can provide free auto insurance quotes and compare your options.
Having car insurance in Los Angeles is required and can be very costly if caught with out it. Many drivers today are looking for the best deal in town and living in such a busy city there are so many options to choose from. Yet there are still people driving around Los Angeles with no car insurance. The state of California only requires that you carry Liability coverage to cover the damages of another’s vehicle or property in case of negligence while behind the wheel of your car.
Living in Los Angeles, one of the most expensive cities in the country, can also bring about high insurance premiums. There are many factors when it comes to rating car insurance premiums. Some of these consist of your experience (age), home zip code, and driving record. All of these play an important role in determining your final quotes. In Los Angeles, there are many insurance carriers available and even more offering free quotes online. It is very important to consider what your needs are and putting together a policy that will suit both your needs and your budget. In addition to the factors mentioned before, you may also want to consider the following:
All of these factors will also play a role in your car insurance quotes and can be in your favor or work against you.
Types of Car Insurance Coverage
If you drive in Los Angeles you are required to carry a minimum insurance coverage for every private passenger vehicle. The minimum for Liability Auto Insurance is:
- $15,000 for injury/death to one person.
- $30,000 for injury/death to more than one person.
- $5,000 for damage to property.
In addition, you may want to carry Collision coverage which will cover your property in case of an accident (usually after some sort of deductible is met). In order to keep your premiums low, you can select as large a deductible as you feel comfortable paying out of pocket. For older cars, consider dropping this coverage, since coverage is normally limited to the cash value of your car.
Optional Benefits to Consider
Typically your car insurance will only cover the “basics” unless otherwise stated in your policy Declarations. It may be wise, especially in Los Angeles, to consider the following benefits to your coverage:
- Uninsured Motorist
- Under-insured Motorist
- Medical Payments
- Rental Car
- Towing & Labor
These are just a few important optional benefits that can save you from a lot of headache later. You never know when an accident can occur. With traffic as bad as it is known to be in Los Angeles, having the right car insurance solutions in place is very critical. Talk to one of our licensed insurance professionals to determine what you have that needs to be protected. You can also get free car insurance quotes and compare your options.