SR-22 is a term heard a lot in the insurance industry. What is an SR-22 exactly?
In the United States, an SR-22 is a vehicle liability insurance document used by some state Department of Motor Vehicles (DMV) offices. It provides proof that a driver has the minimum required liability insurance coverage for that particular state.
Here in Texas, the state requires that you have an SR-22 when your drivers license is suspended or revoked due to a crash, conviction or judgement. Maybe you have had too many tickets, or a DWI. The state requires that you keep the SR-22 for two years after a conviction date to show that you have the state's minimum liability coverage.
If the coverage for the SR-22 cancels, the state will be notified, and will take appropriate action. Most insurance companies will send the certificate to the state for you, however there are some companies that will hand you the certificate for you to provide to the state. You do not have to own a vehicle to get this coverage. You can get an SR-22 without a vehicle on a non-owners policy.
A non-owners policy is a document that states that you can drive any vehicle that you do not own. This type of policy is associated with the driver, and not a vehicle of any kind. It is recommended for those who don't own a car, but drive occasionally for a friend or family member, or when you rent a car.