When Do You Need To Have SR-22 Insurance In Illinois?

If you have been looking for SR-22 insurance in Chicago, IL, you may have noticed that rates are more expensive since this document indicates that you are most likely convicted of a serious driving offense, such as a DUI or avoiding payment of damages from a traffic accident.

Drivers normally pay an average of $1,222 on vehicle insurance in the state, and requiring SR-22 insurance will definitely increase your premiums based on your record. Even those who fail to pay child support may need to have this type of insurance, while those with suspended licenses should also have one despite not owning a car.

The Nature Of SR-22

An insurance provider files an SR-22 on your behalf to prove that you have the minimum coverage as required by the Illinois Driver Services Department. Aside from DUIs and not paying damages, those who are required to have this document include being caught driving without insurance at least three times; causing an accident while doing so, and evading tollway fee payments.

You must maintain your SR-22 coverage for at least three years. Otherwise, your license and car registration will be suspended. It’s safe to say that you need to start over again to reinstate your driving privileges. You should renew the insurance at least 45 days before the expiration date since the filing process takes up to a month.

A sample quote for a 30-year-old male driver in Chicago costs between $1,800 and $2,250 for annual SR-22 insurance. This is around 50% to 80% of the price for a similar driver without a DUI conviction or other traffic violations. You could sell your car to qualify for non-owner insurance coverage if you need to drive a car. Non-owner coverage may cost as low as $183 per year, and it only provides liability coverage for occasional driving.

Alternatives To SR-22 Insurance

If you don’t wish to pay for SR-22, an alternative requires you to make a cash deposit of $70,000. You also have the choice of depositing the amount in the form of securities, real estate or surety bonds. This serves as a guarantee in exchange for being able to drive again. These options are definitely not any cheaper than paying for SR-22 coverage.

The only ways to avoid spending on a high-risk insurance policy will involve taking public transportation, riding a bike or carpooling. In case you leave Illinois, it’s possible to file a waiver of responsibility for SR-22. Take note that you may still be required to purchase it in another state, as SR-22 laws are similar in most parts of the U.S.

Conclusion

Insurance benefitsIt’s important to ask for as many quotes as possible from different insurers before making a purchase decision. Once you find an insurer that offers SR-22, they will submit the form to the state department. You could check with the Driver Services Department about the paperwork status. You could start driving as soon as your license is reinstated even if you haven’t received the paperwork yet.