SR22 Owner’s Policy
SR-22 is not a type of insurance, rather a proof of insurance. An SR-22 certificate of financial responsibility guarantees you carry the minimum insurance required by the State of Illinois and that you will continue to carry it for a set amount of time. An SR22 owner policy insures cars owned by the driver.
The type of vehicle must be listed on the SR-22 or may be issued for all owned vehicles. The advantage of an owner’s policy is the ability to lend a car to other licensed drivers when you need to.
Per Illinois law, drivers that need an SR22 certificate must have the following minimum amounts in vehicle liability insurance:
- $25,000 for injury or death of one person in an accident
- $50,000 for injury or death of more than one person in an accident
- $20,000 for damages to property of another person
There most common reasons financial responsibility certificates are filed are:
- DUI/DWI convictions
- Driving uninsured
- Driving without a license
- A revoked or suspended license
Do you need more information about SR22 owner policies, purchasing a non owners policy, or liability coverage? Our agents and customer service representatives are here to help with your car insurance coverage needs. Call us today at 1-888-949-6289 or visit your nearest Insurance Navy location. For your convenience, Insurance Navy is open from 8 a.m. to 9 p.m.CST, 7 days a week.
Additionally, we can help you find an auto insurance quote right on our website. Because we want to help you save money wherever possible, we offer our insurance quotes completely free of charge. By navigating our website, you can also inform yourself about many useful topics, such as coverage for repairing or replacing parts for your car after a crash, how to file a police report, and why you should never admit fault immediately following a car crash.
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