SR22 insurance for Tennessee drivers is also called an SR-22 certificate of responsibility. The certificate serves the purpose of ensuring that drivers who are considered risky behave more responsibly while they are on the road. If a driver who is required to carry SR-22 insurance doesn’t have this certificate, they may face serious consequences. In some instances, the driver may even have to forfeit their driving privileges.
A driver who has violated certain driving mandates will be required to carry SR-22 insurance.
Some of these violations can include:
A driver will find out if they need to get SR-22 insurance after a notice is sent out from the Tennessee Department of Motor Vehicles. Once the driver has obtained this document it certifies that you have met the state insurance requirements for liability car insurance. Drivers in Tennessee who have been designated as high-risk drivers will usually be required to get SR-22 insurance. If the driver’s license has been previously suspended, the driver will need to show evidence of having purchased SR-22 insurance to have their license reinstated. Learning about the costs of this type of insurance can help you know what to expect if you are required to get it.
When learning about SR-22 costs in Tennessee, there are a few things you should be aware of. The most important thing to note is that SR-22 costs are generally higher than other types of auto insurance. This is because the driver is seen as “risky” to insurance companies so any type of insurance offered to a driver with this profile will be higher than standard types of insurance.
Research shows that the average cost of auto insurance in Tennessee is about $289 for 6 months of liability auto insurance which equates to about $577 every year. According to statistics, SR-22 insurance raises the cost of auto insurance for Tennessee drivers by $830 per year compared to standard rates.
To get the most affordable SR-22 insurance in Tennessee, it is best to compare quotes from many different auto insurance companies. This will allow you to see which quotes are the most competitive for your situation. Although your rates will still be higher than standard insurance rates, you can find some companies that will charge less than others for SR-22 insurance coverage.
If you need to get SR-22 insurance in the state of Tennessee, the form will cost between $15 and $50. It is usually more affordable to pay for your SR-22 costs upfront so this is the most recommended method instead of making monthly payments. Also, you may also be able to save more by checking to see if the insurance company offers discounts.
Only an insurance company that is fully licensed through the Tennessee Department of Commerce and Insurance can file the SR-22 form. The cost of filing will vary depending on which insurance company you use.
There are different types of auto insurance in Tennessee which you will need to get based on your particular situation. The three types of SR-22 insurance include:
Operator - Operator SR-22 insurance refers to financial responsibility for a driver who operates a vehicle but does not own it. Non-owner SR-22 insurance policies cost less and carry significantly lower premiums and still meet compliance for all SR-22 mandates.
Owner - Owner’s SR-22 insurance is for drivers who both own and operate a vehicle.
Operator-Owner - Operator-Owner SR-22 insurance covers vehicles that are owned or that are not owned by a driver.
How To Maintain SR-22 Insurance Coverage in Tennessee
A driver who is required to get SR-22 insurance will need to make sure that they fill out the form within 30 days of receiving notice. Each time the policy renews during the SR-22 mandate, the driver will need to make sure that the form is filed again. The SR-22 duration is typically 36 months long. If a driver does not maintain the SR-22 certificate during the entire period of the SR-22 requirement, then they may face license suspension.
Drivers who are wondering when they can finally remove SR-22 insurance should know that it takes up to five years after your license has been suspended. However, after 36 months, you can request to have your SR-22 requirement to be removed. Your insurance rates may go down after the SR-22 insurance is lifted, however, you will need to compare quotes again to find the cheapest option.
While waiting for the SR-22 insurance period to finish, make sure not to let your SR-22 coverage lapse. If your policy lapses or is canceled, then you will risk having your driver's license suspended and you will need to start the process again from the beginning.
If you are required to have SR-22 insurance, you must maintain the state’s minimum liability coverage. For Tennessee drivers, the minimum liability coverage is as follows:
It is recommended to get an auto insurance policy that has these basic coverage requirements to ensure that you are fully covered in the event of an accident. It may be wise for at-risk drivers to carry more than the minimum amount of coverage. It may be helpful to know that Tennessee does not require that drivers purchase uninsured or underinsured motorist coverage. This type of insurance protects drivers if they are in an accident with a driver who is uninsured or underinsured. It is still a smart move to obtain this type of coverage as it can help to pay for accident-related medical expenses.