SR22 Insurance in Nevada

What is SR-22 Insurance in Nevada?

SR-22 insurance in Nevada is a certificate of financial responsibility that is required for high-risk drivers to reinstate or maintain their driving privileges. Its also known as a “SR-22 Bond”, “SR-22 Form” or “Certificate of Financial Responsibility”.

This certificate is not an auto insurance policy but a form that your insurance company files with the Nevada Department of Motor Vehicles.

An SR-22 is required for drivers who have been convicted of certain traffic violations such as DUI, reckless driving, or driving without insurance.

In Nevada, an SR-22 is often required for high-risk drivers who have committed driving offenses listed below.

1. To reinstate a suspended driver’s license after a DUI conviction.

2. Following a driver’s license suspension due to an uninsured car accident.

3. As a consequence of receiving too many points on their driving record.

Nevada Auto Insurance Requirements

It’s important to note that when you are required to have an SR-22, you must carry Nevada’s minimum liability insurance coverage required by the state. The state minimum liability limits are listed below.

• Bodily injury liability coverage: $25,000 per person and $50,000 per accident.

• Property damage liability coverage: $20,000 per accident.

Having an SR-22 certificate deems you as a high-risk driver. As a result, the premiums for your car insurance will be higher than average. The SR-22 must be maintained for a specific period of time, often three years. If your coverage lapses or is canceled during this period, your insurer is required to inform the Nevada DMV. This may result in a suspension of your driving privileges and vehicle registration.

Drivers in Nevada who are required to have an SR-22 must have continuous car insurance coverage and follow all traffic laws to avoid further penalties or suspension of their driving privileges.

The Nevada Department of Motor Vehicles (DMV) requires all registered drivers to carry a certain amount of liability auto insurance while driving. Suppose a driver causes anyone else injuries or property damage while driving. In that case, they’ll be on the line financially to cover the costs of any damage they cause in an accident.

Driving without insurance is often punishable by driver’s license suspension. Many drivers find themselves in this predicament: The solution is SR22 insurance in Nevada or proof of financial responsibility.

When is SR22 Insurance Required in Nevada?

Filing an SR22 insurance certificate in Nevada is always required for driver’s license suspensions as they serve as evidence that a high-risk driver has proof of insurance. A driver can be deemed high-risk by any of the traffic violations listed below.

• Driving under the influence (DUI)

• Driving without insurance

• Driving on a suspended or revoked license

• Multiple traffic violations

• Reckless driving convictions

How Long Do I Need to Have SR-22 Insurance in Nevada?

In Nevada, the period of time you need to have SR22 insurance can vary. The circumstances of your traffic violation will ultimately determine how long. Drivers are usually required to maintain SR22 insurance for a period of three years.

This time frame can be prolonged if there are any additional violations or infractions during the initial three year period. Always speak with your insurance agent and attorney to determine the exact duration that SR22 insurance is required.

How much does SR-22 insurance cost in Nevada?

The costs of SR-22 insurance in Nevada can be different depending on several factors. These factors include the drivers vehicle type, driving record, and insurance provider.

On average, the annual premium for SR-22 car insurance in Nevada ranges from $500 to $1,500. These costs are in addition to the premium on their standard auto insurance policy.

Some car insurance companies may charge a one-time SR-22 filing fee of around $25 to $50. This fee is to to process the necessary paperwork for SR-22 certificate filing with the Nevada DMV.