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SR-22 in New York – Bankrate.com

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We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free – so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
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SR-22s are often required after a severe traffic violation (such as a DUI), but an SR-22 isn’t an insurance policy. Instead, car insurance companies file SR-22s, which are actually verification forms, to prove to the state that drivers are properly insured. While most states, including New York, use SR-22 forms, there are also alternative forms that high-risk drivers might need to file, depending on their driving records and where they live.
SR-22 is not insurance. An SR-22 is a form that proves a driver is insured. Drivers ordered to file an SR-22 are simply proving that they are complying with their state’s car insurance laws. These forms are usually required after major traffic violations or a repeated number of violations.
New York state law requires all drivers, including those with an SR-22 filing, to have at least the following minimum coverage types and limits:
In New York, you can also purchase supplemental uninsured motorist coverage. The required statutory coverage only provides coverage within the state. If you purchase higher limits as supplemental coverage, you’ll get coverage for accidents with uninsured motorists outside of the state and also get underinsured motorist coverage.
An SR-22 form tells the state that you are currently insured. If you cancel your policy, your New York car insurance company is required by law to tell the state. Once the state finds out, your driver’s license will likely be suspended or revoked.
To get an SR-22, you should contact your insurance provider and ask for the form to be filed with the state. However, not all carriers will file SR-22s; even some of the best car insurance companies aren’t willing to file the forms or insure high-risk drivers. If your carrier won’t file the form, you might need to switch your auto insurance. If you do not have insurance, your first step is to find a provider who is willing to file the form for you.
Just like car insurance rates vary between states, so do car insurance requirements and verification forms. Many states besides New York use SR-22s, but some also have a different form. Most forms, however, do the same thing — verify that a driver is insured. Most of the time, drivers are required to file these types of forms after they have been convicted of a major traffic violation.
If you do not own a car but have been ordered to file an SR-22 to the DMV, a non-owner car insurance policy might be the answer. These policies provide coverage just for drivers without insuring a car. Having a non-owner policy with a company that is willing to file SR-22s means you’ll be able to buy the coverage needed to get the form.
The only cost associated with the SR-22 itself is the filing fee that insurance companies charge to send the filing to the state. That fee will need to be paid at the time you purchase your policy and with each renewal that the SR-22 is required, but it’s usually below $50. You might also have fees associated with your violation and license reinstatement. However, the main cost associated with an SR-22 does not actually have anything to do with form, but rather the driving incident that necessitated the form.
For example, a DUI in New York, which is a common cause of needing an SR-22, increases the cost of car insurance in the state by an average of 86% per year. This means each driver with an SR-22 requirement is likely going to pay a different amount for car insurance because each driver has their own unique driving history. If you find that you can’t afford your coverage after your SR-22 requirement, you might need to shop for a cheaper New York auto insurance provider.
Drivers ordered to file an SR-22 must do so for an average of three years. However, if you are convicted of another offense or let your policy lapse, you may have to start that three years over again. You have to maintain active insurance with no lapses for the duration of your SR-22 filing.
To get an SR-22, you’ll need to contact your insurance company and ask a representative to send an SR-22 to the DMV. If you do not currently have insurance, you will need to find a company that is willing to work with drivers who need an SR-22. If your provider won’t file the SR-22, you’ll need to shop around for a carrier that will insure you with the form requirement on your record.
There is a filing fee, and the amount varies with each insurance company, but it’s usually under $50. Other costs associated with SR-22s revolve around the violation that prompted the need for the form. Your premium is likely going to be higher than if you had a clean driving record, but you may still be able to take steps to get the cheapest auto insurance for your situation.
You will likely have time to find a new provider to file the SR-22 for you. Remember, the form requires you to maintain active and continuous insurance, so if your insurance company notifies you that your coverage is being cancelled, you’ll need to find a new carrier before the last day of the policy. Otherwise, your license will likely be suspended or revoked.
Bankrate.com is an independent, advertising-supported publisher and comparison service. Bankrate is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. This compensation may impact how, where and in what order products appear. Bankrate.com does not include all companies or all available products.
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