Drivers in Wisconsin who are required to carry SR-22 insurance will need to obtain the SR-22 certificate from their auto insurance company. They must file with an auto insurance company that is fully licensed to do business in the state of Wisconsin. The certificate will act as proof of financial responsibility and demonstrates that the driver has the minimum required amount of liability insurance. In Wisconsin, this amount is $25,000 and $50,000 for personal injury or death and $10,000 for property damage that may occur in a car accident.
In Wisconsin, the Department of Transportation (WisDOT) will accept alternatives to filing an SR-22 insurance form. A driver required to have SR-22 insurance can also provide a cash deposit of $60,000 that is posted with the Wisconsin Department of Transportation or a bond from an insurance company. Commercial drivers can provide proof of motor carrier insurance to demonstrate financial responsibility.
There are certain situations in which filing proof of insurance will be required for Wisconsin drivers. These situations for filing an SR-22 include:
Drivers under the age of 18 who are filing for SR-22 coverage in lieu of sponsorship will need to inform the insurance agent that they are filing “in lieu of sponsorship.” The agent will need to be aware that the driver is not filing as a result of suspension or revocation of their driving privileges.
Auto insurance companies that are filing SR-22 forms will mail the certificate to WisDOT. However, in some cases, the insurer will give the SR-22 certificate directly to the customer while others will file the form with the Wisconsin Department of Transportation’s computer system.
Only an auto insurance company that is authorized to provide auto insurance coverage in Wisconsin can provide you with SR-22 coverage. You will need to find a local auto insurance provider that can file the SR-22 form on your behalf and provide the subsequent SR-22 coverage. Drivers who are required to get SR-22 coverage should know that they will have to pay significantly more than they did before the SR-22 requirement. This is because auto insurance companies tend to view drivers who have had prior driving infractions as being a higher risk to insure.
To find the best auto insurance company that will provide the coverage you need, you may have to shop around. Doing your due diligence will pay off as you will find the most cost-effective monthly plan by comparing different quotes. Be sure to consider local as well as national insurance companies during the search. Not all insurance carriers will offer SR-22 insurance so you may have to look around before finding the right auto insurance company for your needs.
Three different types of SR-22 insurance can be obtained from your auto insurance company. The type you choose will depend on your situation and your specific requirements. Read on below to find out what the three main types of SR-22 insurance coverage are so you can choose the option best suited to your needs.
Non-Owner SR 22 Insurance
Non-owner SR-22 insurance is the option that works best for drivers who don’t own their vehicles but who still require SR-22 coverage. They can get a non-owner SR-22 policy when they need to rent a car or occasionally borrow a vehicle. Non-owner SR-22 insurance policies tend to cost less than owner SR-22 policy so this could be a better choice for drivers who don’t own their cars.
Owner SR-22 Insurance
A driver who is required to carry SR-22 coverage in Wisconsin and who owns their vehicle will need to get owner SR-22 insurance. This is the best option for drivers who have to demonstrate that they have the minimum liability coverage for their vehicle as required by the state of Wisconsin.
Owner Operator SR-22 Insurance
Owner Operator SR-22 insurance is the best choice for drivers who want to use a car that they own but may also need to operate a vehicle that they do not own.
SR-22 seems to not have much of a difference when compared with standard auto insurance. However, it is required for drivers who have exhibited risky driving practices in the past. This can include driving under the influence or amassing a large number of tickets in a short period. The SR-22 certificate is a way of proving financial responsibility and it shows that the driver has the minimum amount of auto insurance coverage that is required in the state of Wisconsin.
Auto insurance payments that are made towards SR-22 insurance must be paid consistently. If there is a lapse in auto insurance payments, then the insurance company will be required to report the lapse to WisDOT. Once the lapse has been reported the driver may face license suspension. A driver will need to hold SR-22 insurance for three years from the date that their license is eligible to be reinstated. Once that time has elapsed, the driver will then be released from the SR-22 mandate and can return to a traditional auto insurance policy.