Hi! I was caught recently driving without auto insurance coverage. Now I need a cheap SR22 insurance so that I can continue driving here in Florida. How do I find a good one?

Marjorie

Miami, FL

Cheap sr22 insurance Florida may be difficult to get, but this does not mean it is impossible for you to attain one. Normally, car insurance companies charge high insurance premiums for SR22 insurance since this is requested only by high risk drivers like you. In fact, not all car insurance companies furnish SR22 insurance because of the high risk involved in this type of transaction.

But if you can prove that you are a good payer, then you might be subjected to discounts or even cheap sr22 insurance Florida. Your credit rating will have a say on whether you are qualified for cheap SR22 insurance. If you have an impressive credit rating, you may be able to convince a car insurer that you are worthy enough to be given cheap SR22 insurance.

You can also ask your current insurance company to give you cheap sr22 insurance Florida. There are some insurance companies that are willing to give discounted SR22 insurance to their clients holding multiple insurance policies.

You can also approach a specialized SR22 insurance company. This type of firm is at a better position to give cheaper SR22 insurance compared to general insurance companies.

What is SR22 financial responsibility and why do some drivers here in Florida have to get it? Also, if its true that the rate for car insurance with SR22 is expensive, how can a driver get an affordable one?

John

Coral Springs, FL

Drivers in Florida who have been charged with major traffic violations will need a certain type of certification in order to continue driving. Called SR22 insurance or SR22 financial responsibility, this is a form that is issued by a car insurance company to the states department of motor vehicles. This proves that the holder maintains a high risk car insurance coverage and thus can continue driving.

The problem with car insurance with SR22, aside from its expensive rate, is that the holder must pay the monthly premiums on time. The fact that SR22 insurance is not given by all car insurance companies is another thing that makes getting SR22 financial responsibility quite difficult. Drivers may have to go to an SR22 insurance company to get lower SR22 insurance rates.

It is not that easy to get car insurance with SR22 because not all car insurance firms give SR22 insurance to drivers who need it. The most practical approach in getting car insurance with SR22 is to go to a SR22 insurance company. A specialized SR22 insurance firm usually gives better SR22 car insurance rates. It is also convenient and simple for drivers to get SR22 insurance online. There are many SR22 insurance websites that allow drivers to shop, compare and buy affordable SR22 car insurance.

I’m really confused. Out here in Florida, we have a no-fault car insurance system. How come some people still tell me to get myself an underinsured or uninsured motorist coverage?

Lizzie

Tampa, FL

It took me quite some time to process your question, too. I know it sounds illogical to purchase an underinsured or uninsured motorist coverage when you are in a state that follows the no-fault system. I think this is the rationale behind other people’s suggestions. The coverage that is required by all no-fault states is the Personal Injury Protection or PIP. This type of coverage pays for your medical bills, loss of wage and what-have-you. And it doesn’t matter who is at fault. Remember, it is the no-fault system, and your car insurance policy should cover all these expenses. However, this coverage has its limits, in dollar values and scope.

Like, for instance, it is only pegged at $10,000 per accident. So, let’s say, you and your three passengers are all seriously injured in a collision, there is no way the $10,000 coverage would be enough to cover all your hospital bills and all lost wages. Also, let us not forget the fact that you still have the damages on your car that you have to take care of.

An underinsured or uninsured motorist coverage, on the other hand, though it may cost more, would cover 100% of all your expenses on medical bills, wage loss and other damages. The truth is Florida lands on the top 10 states with the highest premiums. But hey, who says you can get peace of mind cheap?