Qualifying for SR-22 insurance in Georgia may sound complicated, but with a little guidance you can make the process a lot easier and less stressful. Whether you are a first-time driver, or have been driving for years, SR-22 insurance is probably something that you will need to look into if you get any type of traffic violation, such as a DUI or reckless driving charges. Here is what you need to know about qualifying for SR-22 insurance in Georgia.
First, you need to know that SR-22 insurance is a high-risk policy that is usually required by the state of Georgia. This form of insurance acts as a guarantee to the state that you are taking responsibility for any costs associated with any accidents that you may be involved in. In order to be eligible for SR-22 insurance, you must have a valid Georgia driver’s license. If your license has been suspended or revoked, or if you have any outstanding tickets that have yet to be resolved, you may not be eligible for SR-22 insurance.
Next, you will need to provide the state with proof of auto insurance coverage. This typically means that you will need to provide proof that you have a policy with a minimum of $25,000 per person and $50,000 per accident in bodily injury liability, as well as $25,000 in property damage liability coverage. You must also have uninsured motorist coverage and underinsured motorist coverage with the same limits as your liability coverage.
The next step in qualifying for SR-22 insurance is to ensure that you are making regular payments on any outstanding payments or fines that may have been levied against you. This will ensure that you are up-to-date on any fees or payments and that there will be no outstanding penalties or fees imposed on you when you apply for SR-22 insurance.
It is also important to make sure that you adequately research the company that you are considering for your SR-22 policy. You should make sure that the company you are working with is reputable and has a good standing with the insurance industry. Additionally, you should look into any consumer ratings and reviews that are available to ensure that you are making the best decision possible.
Finally, it is important to keep in mind that there are certain restrictions that may be placed on your SR-22 policy. For example, some insurance companies may limit how much coverage you can buy and for what type of vehicle. Additionally, there may be restrictions on how the insurance coverage can be used, meaning that you may not be able to use it for certain areas such as driving to and from work or school. Be sure to be aware of all the details and restrictions of your policy so that you can make sure that you are adequately covered.
The next four sections will go into further detail to explain:
What Happens if You Fail to Follow SR-22 Insurance Guidelines?
Failing to maintain your SR-22 insurance policy is a serious matter and can have serious consequences. The first and most important thing to know is that your policy may be immediately cancelled if you fail to make payments or if you do not comply with the terms of the agreement. Additionally, you may be subjected to further legal action if you are found to be in violation of the terms of your policy, such as being fined or having your license revoked. Furthermore, if you are involved in a serious accident without the required coverage, you may be subject to hefty fines and potential jail time.
What is the Cost of SR-22 Insurance in Georgia?
The cost of SR-22 insurance in Georgia will vary depending on the company you go with, the type of coverage you choose, and your individual risk profile. Generally, the higher the risk you are viewed as, the higher your rate may be. Additionally, the cost of SR-22 insurance is often higher than regular insurance policies. On average, the cost of SR-22 insurance is roughly $50-$100 higher than traditional car insurance policies.
What Are the Benefits of SR-22 Insurance?
Putting aside the financial burden, there are quite a few benefits to be gained from having SR-22 insurance. The most obvious benefit is that you can finally get back on the road, after being judged as too risky to insure. Additionally, SR-22 insurance is often accepted by most insurance companies, allowing you to transfer your policy when it is time to switch providers. Moreover, the experience of acquiring SR-22 insurance may also help you become a better, more responsible driver.
What Are the Disadvantages of SR-22 Insurance?
SR-22 insurance is an expensive form of insurance. It is likely that your rates will increase significantly when acquiring SR-22 insurance, though the exact rate increase depends on the specifics of your policy. Additionally, part of the SR-22 policy requires you to inform your insurance provider of any changes to your driving record. This means that you have to be extra careful going forward, as any slip up could result in additional fines or potentially having your policy cancelled.