SR22 Insurance in Colorado

When you drive a vehicle without proof of liability insurance coverage in the state of Colorado, you run the risk of having your driving privileges suspended.  You will need to purchase Colorado SR22 insurance to have your driver’s license reinstated.  There are a few reasons that a driver in Colorado might face suspension of their driver’s license.  These reasons include: too many marks against their driving record, a DUI or DWI conviction, at fault accidents without proof of insurance, a child support or neglect case,  a legal judgment or another serious driving offense.

Colorado SR22 insurance is a certificate of financial responsibility.  Colorado SR22 insurance is a communication system that the DMV uses to confirm with insurance companies that a driver has an active insurance policy in force for the duration of the time that he is required to maintain the policy.  This system is used for all high risk drivers who have had their driver’s license suspended or revoked.

Colorado SR22 insurance is a rider or endorsement to an existing insurance policy (not all companies can offer an SR22).  The chosen insurance provider completes an SR22 filing with the Colorado Department of Motor Vehicles, that serves as a monitoring device between the insurance carrier and the Colorado DMV.  If the policy lapses or get canceled for any reason, the insurance company will notify the state by filing an SR26 form.  The Colorado DMV then suspends the driver’s license once again, and the insured has to start the process all over again.  This could be easily prevented by being proactive and paying the premium ahead or at least paying on time.

Colorado SR22 insurance is commonly mandated to be carried for a period of three years.  Colorado SR22 can either be purchased with or without a vehicle.  You can purchase an owner-operator policy if you own a car.  A non owner SR22 insurance policy can be purchased if you do not own a car.  A non owner policy is commonly referred to as an “operator policy.”  A non owner policy only covers liability and covers only one person.