The SR-22: Proof of Future Financial Responsibility
If you receive a revocation or suspension of your license and registration in the State of Arizona, you are required to show proof of future financial responsibility if you have an auto accident through SR-22 Insurance. To show this proof, you will need a Certificate of Insurance (SR-22 Insurance) or you must open a $40,000 Certificate of Deposit made out to the Arizona Office of the Treasurer. If you do not maintain this proof, then your license and registration can be suspended. SR-22 Insurance is required if you get a violation such as Driving while Under the Influence (DUI).
Obtaining SR-22 Insurance
In Arizona, you will need to have an auto insurance company who can also provide SR-22 certificates. You will have to pay for the rate of this certificate on top what is required for car insurance coverage. The SR-22 is not actual insurance, it is a form that shows Arizona that you have the correct level of high risk insurance required due to your serious offense as a driver. Having the SR-22 on file also informs regulators if you fail to pay for or cancel your insurance.
When is SR-22 Insurance Required?
Here are some example of the types of offenses that will make you need SR-22 insurance:
- You were involved in a series of bad accidents, which added up to 12 points on your driving record within the last 12 months,
- The state revokes your license,
- You were found to be driving under the influence of drugs or alcohol while driving, or,
- You failed to have insurance for the period of your suspension.
If you are not sure whether you need SR-22 Insurance, you can always ask the Arizona Motor Vehicle Division (MVD) for your driving record and whether you need SR-22. You can also call agents at UNO Insurance Agency to check which providers can give you the SR-22 certificate.
Obtaining SR-22 Insurance helps you to reinstate your license after a suspension. You must also clear any court-ordered matters to reinstate the ability to drive. Normally, the court will require you to have this type of higher risk insurance for at least three years, but this can change if the court gives a different order. You will need written proof from a judge when you go to buy SR-22, after your suspension passes. There are also minimum insurance coverage amounts that your insurer must adhere to in order to provide you with an accurate SR-22 form. You will want to make sure you are following the correct coverage requirements when you call.
UNO Insurance agency can help you find out more about how to research SR-22 auto insurance rates and save in our Phoenix, AZ Offices. We welcome you to call us today!