Do I Need SR22 Insurance to Get Occupational License
Reader’s Question:
Do I still need to carry an SR-22 insurance to get an occupational license in Wisconsin if I already have full car insurance?
Harry
Janesville, WI
In the state of WI, proof of financial responsibility should set a liability insurance in the amounts of at least $25,000 and $50,000 for personal injury or death and $10,000 for property damage. This proof of insurance is filed by obtaining an SR-22 certificate issued by an insurance company licensed to do business in WI. Substitutions, such as a bond from an insurance company or a cash deposit of $60,000 posted with the WI Department of Transportation (DOT) will be accepted in some cases.
An SR-22 is required by the state in order to obtain an occupational license or to reinstate a driver’s license after operating privileges or vehicle registration has been revoked. You can have more auto insurance than what the state requires as a proof of insurance but you will still need your insurer to file the SR-22 since it is a requirement for obtaining an occupational license. So even though you have full coverage, it does not matter since it is mandated by your state law.
I would suggest contacting WI DOT for more information on what is needed to get an occupational license in Janesville, Wisconsin. You will need to obtain new auto insurance coverages through an insurance carrier who does work with SR22s if your current insurance provider does not file the SR-22 form.
How Long Do I Have to Keep SR22 Insurance in Wisconsin
Reader’s Question:
How long do I have to carry SR22 in Milwaukee, Wisconsin?
John
Milwaukee, WI
You may contact the Wisconsin Department of Transportation (DOT) to verify for sure about your particular situation but normally in WI you will need to get and maintain a SR22 for three years.
According to the Wisconsin DOT, for the SR-22 proof of insurance, it must be filed for three years from the reinstatement eligibility date, or for 3 years from the court entry date of a damage judgment that was effective before September 1, 2000.In addition to that, this states also noted that if at any time during the three-year filing period, an individual wishes to stop filing insurance, and discontinue driving in Wisconsin, they can avoid paying the reinstatement fee in the future by surrendering their driver license to the Wisconsin DOT while the insurance is still in force.
Proof of financial responsibility in Wisconsin is certifying that you have liability insurance in the amounts of at least $25,000 up to $50,000 for personal injury or death per accident and $10,000 for property damage per accident (25/50/10).
How to Save on your SR22 Car Insurance?
Q: I’m really emptying my pockets for car expenses. I have a new car, so I have a $500 a month car payment, and then my SR22 payment is another few hundred dollars a month. How can I save money here?
A: Since you have a new car, saving money may still keep you with a high SR22 premium, but it ill be better than your current one. Change a few things up and make sure you’re getting credit for what you have so you can save everything possible.
First of all, do you have a safety discount? If you have features such as anti lock brakes, seatbelts, and air bags on your car, then you should be getting discounted for these things. Same goes for if you have an anti theft device of some sort–a particular type is usually required.
Beyond that, you can save a least a hundred dollars a month, if no more, by assuming more risk. You do this by raising your deductible on your additional SR22 coverages, such as your collision and comprehensive. I’m going to set a bottom line at around $500, but I suggest you raise it as high as you can go and make sure you start setting money aside so you’ll be able to pay it when the time comes.
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