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Insurance
You need to understand that there is a high probability that once you tell your current insurance company of the need to file an SR22 filing, they may cancel you, or raise your rates significantly higher! But you must also realize that an SR22 filing is mandatory so you can get your license reinstated. You will need to keep this SR22 certificate in force without lapse for 3-5years.
It is wise to seek the assistance of a licensed independent insurance agent or broker to discuss the situation and to help you decide what would be the best way for you to proceed. If you have a current insurance company they will certainly raise yr rates, or may even cancel your insurance, leaving you stranded with very little notice and without the proper coverage.
A DUI offense and a license suspension affects your insurance premiums for a period of about THREE years. However many insurance companies will elect to NOT insure people convicted of DUI, or those having license suspensions, for a period of up to FIVE years. DUI convictions can even have an impact on your health and/or life insurance coverage.
There is truth to the old saying that “timing is everything!” By taking action now, with the help of a professional insurance agent who is knowledgeable about these matters you will save yourself time and money. By taking action now you can limit your financial risk and make sure that your insurance coverage does not lapse leaving you without the proper protection.
Many insurance agencies will “shop and lock”. Meaning they will “shop” numerous insurance companies for you and then you have the ability to “lock” the lowest rates. Realize that waiting until the last minute to handle these insurance needs waiting until the last minute to handle these insurance needs will only cost you more money and will limit your options. Also by purchasing your insurance now from a reputable licensed insurance agent you will have at least some peace of mind that this part of your ordeal is over with.
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