SR22 insurance, as its commonly called, is not actually a type of Florida auto insurance. Explained in a few words, SR22 is simply a document (form) which is used by auto insurance companies to prove that an individual is compliment with the minimum limits of liability required.

SR22 form is filed by your auto insurance company to the Florida’s Bureau of Financial Responsibility, in case of course you are required to file such confirmation of liability insurance. Driving under the influence, too many points on your license for traffic violations, driving without insurance are valid reason for you to be required to submit SR22 Form.

The insurance law in Florida (No Fault) indicates that the minimum requirements for a car insurance policy are $10,000 of Property Damage Liability and $10,000 of Personal Injury Protection. For SR22 Insurance, Bodily Injury Liability (BIL) is added on top of the minimum requirements. In Florida, SR22 will require minimum BIL limits of $10,000 per person and $20,000 per accident. The SR22 requirement can also be fulfilled with a single limit of liability – $30,000.

The amount you will pay for BIL will be the same regardless of the fact that you are required to file a SR22 form. A $15 filing fee is the only additional cost for you.

Bare in mind that, if SR22 form filing is required your insurance premiums will go up. Its not because of the SR22 form, but rather because of the reasons already mentioned – DUI, too many points on your license for traffic violations, driving uninsured.

If you don’t comply with the law, your driver’s license and or vehicle license plate will be suspended. If this happens, you will have to pay reinstatement fees in addition to the filling fee.

209b

For more information and affordable quotes, please visit SR22 Insurance Quotes and Florida No-Fault Insurance.

Article Source:

http://EzineArticles.com/?expert=Terry_Cameron_Smith

I recently talked with an old friend of mine who had a run in with the law. Because I used to sell insurance he like everyone else asked me how much it would raise his rates. He told me that he went to a holiday party and had a few drinks then drove home. On the way home he was pulled over for speeding and the police officer asked him if he had been drinking. His first thought was to say no but he didn’t know what he should do so he said he only had two drinks. Well he ended up getting a ticket for driving under the influence and now is trying to figure out what his mistake will cost him.

If this story sounds familiar it is a very common occurrence especially around the holidays. People go to parties to say hi and have a drink or two then drives home. It can happen to anyone including the chairman of Coors brewing who was issued a drunken driving ticket in 2006. Now the question becomes how much it will cost me. The bad news is that your insurance will increase but the good news is it doesn’t have to break the bank.

In most states you will be required to file an SR22 form with the state the violation occurred in. This state will require you carry minimum liability limits for the duration of the mandate. An SR22 form is nothing more than an addition to your auto insurance which shows financial responsibility to the state. If the policy is cancelled the state will be notified. It is a small fee to add this form to your policy but the big change is when your insurance company rates you for having a DUI on your license. There are ways to keep your rates lower.

Only carry liability coverage on the vehicle

If you only carry liability coverage you can save hundreds of dollars per year until your SR22 is no longer required. You may have a car which is financed and the bank requires full coverage, so sell that car and get one you don’t have to carry comprehensive or collision coverage on. I know you want that nice new car but you made a mistake and that may be the price you pay.

Get non-owner auto insurance if you don’t own a vehicle

Non-owner auto insurance is available if you don’t own a specific vehicle but still drive and need insurance. This is just a liability only policy which will cover you in any vehicle you drive. You can also add the SR22 filing to this policy so your state requirements are met.

If you need help understanding SR22 forms or insurance policies contact an insurance agent. Better yet get online quotes from multiple companies in minutes and pick the policy that best fits your budget. You made a mistake but don’t pay more than you have to for insurance get quotes now.

Article Source:

http://EzineArticles.com/?expert=Patrick_Mahen

Joseph

Houston Texas

Shop for insurance first. But at the end of the day, price is always the deciding factor in buying something. But it does not necessarily mean that a very low insurance quote means that is the best car insurance quote already. Following are some factors that should consider when deciding on a car insurance plan in Houston Texas.

It should meet the minimum requirements set by the state you live in. In Texas the minimum requirement for car insurance policy plan is 25/50/25. The first two numbers refer to required minimum bodily injury liability limits, and the third number refers to required minimum property damage coverage. You should get a car insurance policy that has a minimum coverage of $25,000 per person injured in any one accident and $50,000 for all persons injured in any one accident, and $25,000 for injury to or damage of property of others in any one accident.

Basic car insurance is composed of:

Bodily Injury Liability – this refers to the coverage that pays for damage you have done to others.

Property Damage Liability – this refers to the coverage that pays for damage on properties caused by you.
The above 2 are required by all states though required coverage amount varies from one state to another.

Personal Injury Protection – this covers the policyholder’s medical expenses and lost wages, including the passengers injured in the event of accident. Some 16 states required this coverage.

Collision – this pays to repair your vehicle in any kind of accident.

Comprehensive – this covers you in the event natural disaster or theft.

Uninsured/Underinsured Motorist Coverage – this will cover you when you would be hit by uninsured or underinsured motorist.

The ideal Houston car insurance policy should have all different type of coverage mentioned above. So a best car insurance quote should be able to include all those mentioned above at an affordable rate.

But if it comes too expensive to you, you can just get an insurance policy that meets your states minimum required coverage. Now, your factor for a best car insurance quote is something that can provide you with the minimum state requirement at a minimal cost.