SR26 Insurance
Reader’s Question:
What is an SR26 insurance? I was told my carrier will submit an SR26 because my current policy got canceled.
Sajhid
Anaheim, CA
Good question. An SR26 is not necessarily an insurance policy, rather, it is a form or document submitted by your car insurance company to your state’s Department of Motor Vehicles (DMV) there in California advising them that your policy has been canceled or has been allowed to lapse. An SR26 notification is only applicable for those drivers who hold an SR22 insurance coverage. An SR22 is a special kind of car insurance policy that is mandated by the state to drivers who has exhibited risky behaviors while operating a vehicle and are thus required to carry adequate amounts of liability auto insurance in order to financially compensate anyone they injure, and properties they may damage, if ever they cause a car accident.
Think of an SR26 form as a way for your state to monitor which among its risky drivers are maintaining car insurance coverage and which ones aren’t. This is a good way for the state to manage car accidents where the at-fault party does not have adequate coverage and is for the mutual benefit of everyone on the road. It is very important that you meet the requirements of maintaining continuous SR22 insurance coverage for the prescribed period of time (usually three years), allowing your policy to lapse may lead to more severe penalties, and a more difficulties getting coverage in the future.
If you’re looking to get you’re SR22 insurance reinstated, we encourage you to run a free insurance search on this website to find the latest policies and most competitive rates available.