SR22 is a financial endorsement attached to your auto insurance and it is typically filed with the DMV by the auto insurance company that allow them to know and understand that you are holding a state valid liability insurance. If your driver's license is suspended, an SR26 is sent to the DMV that inform them about your insurance cancellation.

An SR22 can be acquired by asking your insurance company to add an SR22 filing to your current insurance policy. However, not all insurance companies issue SR22 filings and the best alternative is to find an agency or broker. An agent or a broker usually works with various carriers that offer SR22 insurance at lowest rate.

SR22 insurance are usually inexpensive, majority of the insurance companies will charge a onetime filing premium which should be about 25 dollars. The actual cost of the liability insurance policy is the main cost associated with SR22 insurance. The true cost of an SR22 may depend on your situation since insurance premium rates vary from person to person. No other additional costs attached with having an SR22 other than the initial filing cost.

An SR22 filing is typically required by the DMV after an event has happened with your driving privilege. An SR22 helps you to know that you have an active auto insurance policy; it is basically a way to keep you on check regarding your auto insurance policy status. The insurance company must inform the DMV if your policy cancels which will usually result in the suspension of your license. Filings of SR22 allow driving privileges for individuals that pose a high risk to motorists.

SR22 insurance endorsement is usually required for a term of 3 years and there after the endorsement can be removed from your policy since it will be no longer required.

If your auto insurance policy that has the SR22 canceled due to some reasons, the DMV will also cancel your driving privileges and you will be required to obtain SR22 policy and reinstate your driving license which will attract reinstatement fee. Your SR22 may be canceled and driving privileges suspended if it happens that you have a lapse in your policy following a late payment.

There are simple steps that can help while considering the SR22 insurance quotes available. Following particular steps often leads to affordable way to get SR22 insurance. Here some that can yield reputable results;

1. Find SR22 quotes in your state - Insurance agencies and brokers are often considered as best choice to get insurance quotes and also is the most affordable way to go. Majority of the insurance companies do not advertise and most probably you will never heard of SR22 specialization.

2. Check with your current insurance company - It is the best choice is to add SR22 filing to your current policy as it is the most affordable way to go. You might be required to contact your company and ask them for insurance quote to adding SR22 insurance.

When buying any auto insurance policy, a solid advice is to get the insurance quotes first from multiple insurance companies. Additionally, explore the Internet for more information since Internet is excellent to search for auto insurance quotes and products. There exist various websites that can help you find auto insurance companies that specifically specialize in SR22 filings and also those companies that specialize in high risk insurance coverage and thus getting the insurance quotes online can save valuable time and effort.