Many people aren't thrilled when they learn that they must get SR-22 insurance for their vehicles. SR-22 is a type of car insurance that is used by the state to prove that you have the required coverage and financial responsibility for your vehicle. SR-22 insurance can be expensive, but it can also provide significant benefits for those who need it. Here are five benefits of having SR-22 insurance for your vehicle.
1) SR-22 Insurance is Mandatory
SR-22 insurance is required by many states in certain situations, such as after a DUI conviction. Without SR-22 insurance, you won't be able to legally drive your vehicle. When you request SR-22 coverage, you can feel good knowing that you are abiding by the law each time you operate your automobile.
2) SR-22 Insurance Can Rebuild Your Credit
SR-22 insurance can help rebuild your credit history if you have had a major traffic violation and cannot get other coverage. SR-22 insurance often costs more than other types of coverage, but maintaining a policy does show that you are financially responsible and committed to your obligations.
3) SR-22 Insurance Can Help You Get Back on the Road Quickly
SR-22 insurance allows you to get back on the road quickly after a major violation. You may also need to take classes or attend seminars to have SR-22 insurance reinstated. SR-22 can help you move forward and get back to the activities of your life that require a valid driver's license.
4) SR-22 Insurance Helps You Avoid License Suspension
SR-22 insurance can help you avoid license suspension and other penalties due to traffic violations or accidents. Enrolling in an SR-22 insurance policy helps your state's DMV know that you are responsible enough to maintain the necessary coverage to legally drive.
5) SR-22 Insurance Can Help You Find Better Rates Once Your SR-22 Is Removed
Once your SR-22 is removed, you may be eligible for more competitive rates on insurance packages. SR-22 can help you get the coverage you need to stay legal, but it can also be the key that helps you return to more affordable rates once SR-22 is removed from your policy. In fact, some companies even offer traditional policies along with SR-22 plans, so you may not even have to switch insurance providers.
These are some of the benefits of getting SR-22 insurance for your vehicle. SR-22 insurance may cost more than traditional car insurance plans, but it is a requirement in many states and can help you protect your vehicle and yourself while staying on the right side of the law.
To learn more, contact an insurance agency in your area such as Illinois Insurance Center Inc.