An SR-22 is defined as a special identification number for motorcycles manufactured by the U.S. Department of Motor Vehicles. Although it is called a “vehicle safety” license, there is no regulation that controls or governs the purchase, sale or use of these unique numbers. An SR-22 can be purchased for the private owner for his personal use, or it can be traded in to another owner after paying the applicable taxes. Both ways, the purchaser will pay the same price for the number, but the trade-in value may vary.
An SR-22 is also known as an International Auto Registration Number, or IARN. In the U.S., an SR-22 is required by all state Department of Motor Vehicles departments for “high-danger” drivers. Although there are no Federal requirements on the purchase or use of this number, any company that sells SR-22 insurance will tell you that it is required by all states. That means that each time your motorcycle is taken out of the car lot, you will have to show proof of a valid IARN before being granted a certificate of ownership. If the motorcycle is registered in another state, you will not need a SR-22.
Even though there are no Federal standards or requirements for purchasing or using an SR-22, it is important to know what you may need in terms of coverage. An SR-22 will cover any accidents that you are involved in as a result of unsafe or reckless driving. It is important, however, that you have liability coverage on your vehicle if you are driving in another state. You may also want to consider adding uninsured motorist coverage to your SR-22 policy. This type of coverage covers you and your passengers in the event that the other driver is at fault for an accident that involves injury or damage to your vehicle.
Some states, such as California, have more lenient insurance requirements than others. Some states require drivers to purchase a special rider that will allow them to use an SR-22 with no restrictions. Other states, including New York, require new drivers to purchase liability only coverage and riders to have both collision and liability coverage on their SR-22.
In addition to having the proper liability coverage, most states require drivers to purchase additional types of coverage options when they are carrying an SR-22 on the road. Some of these options include roadside assistance, emergency roadside assistance, rental car coverage, and rental insurance. The price of these types of services will vary depending on the service contract you have in place with the company you own the SR-22. These types of coverage options may be required if you have an SR-22 that is paid for in cash and you need to get it to a destination.
Some companies will require drivers to have a current copy of their automobile insurance policy with them when they are using an SR-22. If a driver does not have a copy of their insurance policy with them, they should contact their insurance provider and have the name of the policy owner with them when they are buying insurance for their new vehicle. Most companies will provide a copy of the policy to let drivers know what the coverage requirements are for their particular model of SR-22. SR-22 coverage requirements can differ depending on the type of vehicle and the policy that are in place.
If the driver purchases coverage that is adequate for their needs, then the cost of their ride should not be a problem. However, if they have never had the opportunity to take advantage of the SR-22 or have a new car, then they should consider purchasing the proper car insurance. This is especially important if the SR-22 certificate holder is younger than 25 years old. Younger drivers may find it harder to obtain car insurance, especially if they have not had any accidents or tickets. They can get discounts on their coverage by proving to the insurance company that they are safe drivers and that they are not likely to drive any faster or for any longer periods of time.
A driver should purchase car insurance that offers them the best possible protection. One way to do this is to purchase the appropriate level of coverage. For instance, if the SR-22 certificate holder drives only to and from work, then a person may not need coverage that offers as much collision protection as a driver who takes his or her vehicle to the airport and uses it as a taxi. Another thing to consider is the fact that a person can only drive so many miles each year. The amount of coverage that a person requires will depend on how many miles they intend to drive.