The Difference between an SR22 and an FR44
An SR22 is required by the Virginia DMV if you have tags on a car and it’s not insured. Regardless, if you are driving the car or not, you have to maintain insurance at all times if tags are a car. The DMV will randomly check for active insurance so make sure your policy is paid to date. Alabama has recently implemented a real time insurance verification system so look for more states to introduce this as well.
An FR44 is required if you obtain a DUI or DWI. With an FR44 your liability limits must be equal to or greater than $50,000 per person / $100,000 per accident / $40,000 property damage.
In either case, DMV imposes fines for both SR22’s and FR44’s. The electronic filing, completed by an insurance company, lets DMV know you have insurance and if the insurance policy is cancelled for any reason, non-payment, company cancellation or insured cancellation, the DMV will be immediately notified. Your drivers license is then suspended and the timing for the SR22 or FR44 will be reset. Additional fines will also be imposed.
What is the cost for an SR22 or FR44? Most standard companies will actually not insure driver’s who require an SR22 or FR44 because the driver is considered high risk. However, there are some companies that do. In fact, some companies don’t charge any extra premium for filing the SR22 or FR44.
If you live in Virginia and need an SR22 or FR44 or for more information call The Andrew Agency at (804) 320-2886. The Andrew Agency will let you know exactly how much your insurance will cost or you can obtain a quote online at SR22 Insurance.