Stop Paying Too Much for Insurance

cop writing ticketAn SR-22 addendum covers high-risk drivers and is mandatory in a number of situations. No other aspect of insurance is quite as misunderstood as the SR-22, which is why we would like to address some of the most common myths concerning it.

Myth #1: You do not need auto insurance to obtain an SR-22.

Fact: An SR-22 is actually an endorsement on your existing auto insurance policy, and is filed with the Department of Motor Vehicles advising them you have an active and current policy. As such, it is not possible to have an SR-22 without obtaining auto insurance first.

Myth #2: It is possible to cancel your auto insurance after you obtain an SR-22.

Fact: Since an SR-22 is directly tied to your auto insurance policy, cancelling coverage will void your addendum, and will also result in notification to the Department of Motor Vehicles. You could face sanctions for failing to provide adequate coverage.

Myth #3: Full coverage is required in order to obtain an SR-22.

Fact: An SR-22 can be attached to any auto insurance policy, even those that carry only liability coverage.

Myth #4: Changing states will eliminate the need for an SR-22.

Fact: If you are required to have an SR-22 in one state, you will be required to carry it in all other states. This means that moving from one state to another will not eliminate the need for an SR-22.

Myth #5: An SR-22 provides protection against future suspensions of one's driving privileges.

Fact: Although it is often used to reinstate licenses, you could nonetheless face suspension in the future if you fail to comply with the law.

Myth #6: Monthly payments are required to keep an SR-22 active.

Fact: An SR-22 requires only a one-time fee that is payable whenever you renew your policy. However, when required to get SR-22 coverage, your premiums are likely to increase.

Being able to separate the facts from the myths is important for anyone in need of an SR-22 policy. If you still have questions about any SR-22 requirements, please talk with a licensed insurance agent.

Learn more today. Call Auto Insurance Discounters at (816) 252-2255 for more information on Kansas City SR-22 insurance.
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