Is there an advantage to having more than the minimum required coverage with my SR22 policy?

Having more than the minimum required coverage with an SR22 insurance policy can be a great advantage for drivers in certain situations. An SR22 is typically required when a driver has had multiple infractions, such as DUI or reckless driving, and requires special coverage to maintain their license. By having more than the minimum coverage on an SR22 policy, a driver is better protected against financial loss due to any type of accident or ticket that may occur.

SR22 policies are designed to provide liability protection for drivers who have been deemed high risk by the state department of insurance. The minimum coverage required for an SR22 policy will usually cover bodily injury and property damage, but it does not provide additional personal injury or uninsured motorist coverage. Having greater than the minimum required coverage with an SR22 policy can give drivers additional protection should they become involved in an accident caused by another driver. Personal injury and uninsured motorist protection pays for medical costs associated with injuries sustained from an auto accident, regardless of fault. Having this extra coverage can help to reduce out-of-pocket expenses if you are injured in an accident caused by another driver who is either uninsured or underinsured.

Another advantage to having more than the minimum required coverage on an SR22 policy is that it can protect you financially if you cause an accident resulting in damages beyond your basic liability limits. In some cases, if you do not have enough liability insurance to pay for all of the damages caused by your negligence and are sued, you could end up paying out of pocket for those damages. This can be both costly and stressful, so having additional liability insurance above what is included in your basic SR22 policy could protect you from being held liable for such situations.

Finally, having more than the minimum required coverage on your SR 22 policy could also potentially save money over time through lower monthly premiums. By choosing higher limits on your liability insurance with an SR 22 policy, you may be able to receive discounts from some insurers which reward clients who select higher levels of protection when selecting their auto policies. While increased levels of coverage may cost more upfront in terms of monthly premiums, these discounts could help offset the cost over time, leading to greater savings overall for drivers who choose higher limits on their policies.

In conclusion, having more than the basic minimum level of coverage with an SR 22 insurance policy can be very beneficial in helping protect a driver’s finances and assets should they become liable for damages stemming from a car accident involving themselves or another party covered under their plan. Additional protections offered through higher levels of coverage could save money over time as well by providing discounted rates that reward clients who select higher levels of protection when selecting their auto policies.