What is an SR22 Auto Insurance in Arizona?
Reader’s Question:
My father had a DUI here in Arizona not so long ago and I was required to get an SR22 auto insurance? Could you explain what an SR22 is and what it covers? Would this affect the financing for his new car?
Gavin
Chandler, AZ
An SR22 is a form that has to be filed by the auto insurance company and this states that auto liability insurance is in force for a certain person, in this case, for your father. This is typically mandated or required if the auto insurance coverage given to a person who got into a traffic mishap or was convicted for a driving violation and was not capable of showing financial responsibility.
Every state has certain distinctions of the SR22 auto insurance and its requirements. The obligation of a driver to have an SR22 must not directly have an effect on the capability to attain financing. Financing for a new car is not related to the need or constraint of the financial responsibility laws of a state.
Normally, there is an additional filing fee of $15 – $25 for SR22 auto insurance in Arizona. A driver who is required to have SR22 auto insurance is already considered high risk by auto insurance companies. And since the policyholder has to buy coverage levels that are mandated by the financial responsibility laws of the state, he/she may notice that his/her auto insurance payment is higher than what it used to. In any situation, if you find that you have to pay higher auto insurance premiums, all you have to do is to shop around and compare auto insurance companies and their rates to get the most affordable policy.
