Car Insurance SR22

Reader’s Question:

What will happen if I let my SR22 car insurance policy lapse?

Harry

Glendale, AZ

 

Most states require individuals to carry SR22 insurance policy for three consecutive years.

If you cancel it or let it lapse, most states would require you carry it for three more years so that you carry it for three consecutive years. It depends on your state and the regulatory entity. There are some situations where the state DMV won’t waive the requirement until the individual maintains it for three years. In Florida, for instance, we have seen situations where the state allows the license holder to waive the requirement.