SR22 insurance, as its frequently known as, is not genuinely a type of Florida automobile insurance. Explained briefly, SR22 is the name of the form which is used by car insurance companies to certify someone is compliment with the minimum limits of liability required.
SR22 form is submitted by your auto insurance company to the Florida's Bureau of Financial Responsibility, if of course you are required to file such confirmation of liability insurance. DUI, too many points on your license for traffic violations, driving without insurance are valid reason for you to be required to submit SR22 Form.
The insurance law in Florida (No Fault) indicates that the minimum requirements for a car insurance policy are $10,000 of Property Damage Liability and $10,000 of Personal Injury Protection. Bodily Injury Liability (BIL) is added in addition to the minimum Florida No Fault requirements if you need SR22 Insurance. In Florida, SR22 will require minimum BIL limits of $10,000 per person and $20,000 per accident. The SR22 requirement can also be fulfilled with a single limit of liability - $30,000.
Regardless of the fact that you are required to file a SR22 form, the premium for BIL will not be increase by your insurance company. A $15 filing fee is the only additional cost for you.
Still, if SR22 form filing is required your insurance will become more expensive. Its not because of the SR22 filing, but rather because of the reasons you were required to have SR22 insurance - DUI, suspension for too many points, driving uninsured.
If you do not comply if mandated by the Bureau of Financial Responsibility, vehicle license plate and or your driver's license will be suspended. If this happens, in addition to the filling fee, reinstatement fees will apply.
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