If you have been deemed a high-risk driver, you may be required to carry an SR22 bond—documentation that proves you’ve met the state’s minimum for liability auto insurance coverage.  While satisfying this requirement may add to your costs, the expense offers several benefits in the long run. If you’ve been ordered to get this document, here are three reasons why you won’t want to wait.

Why Do You Need SR22 Insurance?

1. It Protects Your License

When SR22 requirements aren’t satisfied, your license can be suspended or revoked indefinitely. If you're able to resume your auto insurance and reinstate your driver’s license, doing so will start the clock over again.

If you want to keep your driver’s license and maintain a steady driving history, it’s best to comply with all state orders. Even if you don’t have a car, you may still need a non-owner SR22 bond to protect your license.

2. It Prevents Lapses

If you fail to make auto insurance or SR22 payments online, your insurance provider is required by law to report the lapse in coverage to the state’s Motor Vehicle Division. If this lapse isn’t corrected promptly, it could result in the suspension or revocation of your license. Given this risk, many people who are required to carry this document are motivated to make insurance payments on time and maintain consistent coverage.

3. It Puts You on the Path Toward Lower Premiums

Although these requirements may increase your auto insurance premiums, they will eventually help you get back to a more affordable level. Typically, an SR22 is required for anywhere from three to five years. Once this period has been satisfied, your overall risk as a driver will decrease—resulting in lower rates from your auto insurance provider.

However, if you fail to comply with the requirements or other insurance laws, it can create problems that will raise your insurance rates for years to come.

While SR22s may be mandatory, they don’t have to break your budget. Always putting customer needs first, Aaron Insurance Agency strives to offer competitively-low rates for both auto insurance and SR22 bond services in Dothan, AL. With a thorough understanding of current laws and procedures, this team will also work to make sure you report compliance in a timely fashion. For more details on their affordable auto coverage, visit this insurance company online. To request a free insurance quote, call (334) 712-0777.