Cheap SR-22 Insurance in Michigan

What Is SR-22 Insurance?

SR-22 insurance is a certificate of financial responsibility required by the state of Michigan for drivers who have committed certain serious traffic violations. The SR-22 is proof that you currently have the minimum amount of auto insurance required by Michigan law. It is filed electronically by your insurance company with the state of Michigan. If your insurance is canceled or lapses for any reason, the state is notified and your license can be suspended or revoked.

What Are the Requirements for SR-22 Insurance in Michigan?

In Michigan, SR-22 insurance is required for any driver convicted of a “serious traffic violation”. This includes, but is not limited to, DUI or DWI, reckless driving, hit and run, and driving without insurance. The state requires a minimum of $20,000 in bodily injury coverage per person, $40,000 in bodily injury coverage per accident, and $10,000 in property damage coverage.

How to Get Cheap SR-22 Insurance in Michigan

Getting cheap SR-22 insurance in Michigan is not as difficult as you might think. The first step is to shop around and compare rates from multiple insurers. You can do this online or by talking to an insurance agent in person. Be sure to read the policy carefully and ask questions about coverage, deductibles, and any other fees or restrictions that may apply.

The next step is to look for discounts. Discounts are available for good drivers, drivers who have taken a defensive driving course, drivers who have multiple policies with the same insurer, and more. Be sure to ask your insurer about any discounts for which you may be eligible.

Are There Alternatives to SR-22 Insurance in Michigan?

Yes, there are alternatives to SR-22 insurance in Michigan. The state offers a Bond of Indemnity program, which allows drivers to post a surety bond in lieu of SR-22 insurance. The bond must be equal to the amount of liability insurance required by the state and must be issued by a licensed surety company. The bond must remain in effect for three years and can be cancelled only by the surety company.

The other alternative is the Michigan Automobile Insurance Placement Facility (MAIPF). The MAIPF is a state-run program that provides auto insurance for drivers who have difficulty finding insurance in the private market. The program is not available in all areas of Michigan, so drivers should contact the MAIPF to find out if coverage is available in their area.

Conclusion

Cheap SR-22 insurance in Michigan is available, but it requires some research and effort to find the best deal. Shopping around, looking for discounts, and considering alternatives like the Bond of Indemnity program and the MAIPF can help drivers find the most affordable coverage and avoid costly penalties for failing to maintain the required coverage.