If your license has been suspended due to a violation, you may be required to carry an SR-22. Contrary to popular belief, however, SR-22 insurance isn’t actual insurance. An SR-22 is a form that states you are carrying enough insurance to cover the minimum requirements of your state. This means that you will still have to purchase and carry car insurance.
SR-22 Insurance Requirements
Auto insurance requirements depend on the state. In Missouri, you must carry at least:
$25,000 in bodily injury liability per person
$50,000 in bodily injury liability per accident
$10,000 in property damage liability
You may also be required to carry uninsured/underinsured motorist coverage for an accident caused by a driver who does not carry insurance or doesn’t have enough coverage to pay for the damages. Required liability is not full coverage. You do not have to carry full coverage auto insurance for your SR-22, though it is recommended.
Along with liability insurance, full coverage auto insurance typically includes:
Comprehensive Coverage: This provides coverage if your vehicle is damaged due to fire, hail, wind, theft, vandalism or other incident that doesn’t include collision.
Collision Coverage: This provides coverage if your vehicle is damaged due to a collision with another vehicle or object.
Personal Injury Protection (PIP): PIP provides coverage for your and your passengers’ medical expenses after an accident, no matter who is at fault.
Uninsured/Underinsured Motorist: This provides compensation if you wreck with a motorist that doesn’t have auto insurance coverage.
There is no technical definition of full coverage auto insurance. Instead, full coverage is simply the most coverage you can purchase for your vehicle to be reasonably covered from nearly every incident. If you are prone to wrecks or live in an area where theft, vandalism or weather incidents occur often, you may want to invest in full coverage.
Do I Still Need Auto Insurance if I Don’t Have a Car?
If your vehicle has been impounded or you otherwise don’t have a vehicle, you must still carry what is known as non-owner SR-22 insurance. This allows you to purchase auto insurance for any vehicle you may borrow or drive without violating your SR-22.
Insurance can be expensive if you have an SR-22 requirement, so be sure to shop around and speak with your insurance agent about different ways you can save money. Be sure to keep your SR-22 as long as you are required to in order to receive your license.