Drivers are sometimes required to purchase a certificate of financial responsibility, commonly referred to as SR22 insurance. If you find yourself in this situation, you will be deemed a high-risk driver to car insurance companies, which will impact your coverage options and premium rates. According to the professionals at 1^st Choice Insurance in Fairfield, OH, the certificate itself isn’t expensive to acquire, but it creates a challenge for finding affordable auto insurance quotes. That’s why they specialize in helping clients maintain adequate coverage even with an SR22 on their record.

SR22s are often required to reinstate a driver’s license that has been suspended or revoked due to a DUI offense, driving without insurance, getting too many points on a record, leaving the scene of an accident, or causing a collision that resulted in severe injuries or death. Before you can get back behind the wheel after one of these violations, you must buy the SR22 certificate and submit it to the DMV along with proof that you have sufficient insurance coverage.

SR22 insurance requirements will have significant implications on your coverage capabilities. There is, for example, a possibility that your current insurance company will decide to drop you, which means you’ll have to find a provider willing to absorb your high-risk status and issue you a policy. Not all companies offer coverage to those who have an SR22 because of the increased odds that a claim will be filed. Once you are accepted by a provider, expect your premium costs to be more expensive than before. You will also have to pay for your insurance upfront instead of being allowed to make monthly payments.

Despite the effects SR22 insurance has on finding standard policies, it is possible to get a plan at a reasonable rate. It’s much easier to accomplish this when you work with an insurance agent who knows how to effectively research companies and compare quotes. If you live in the greater Cincinnati, OH, area, contact 1^st Choice Insurance at (513) 860-0666 for more information, and visit them online to request a quote.