SR22 insurance, as it is commonly called, is not actually a type of Florida auto insurance. Simply put, the SR22 is simply a document (form) used by auto insurance companies to prove that an individual meets the minimum required limits of liability.
The SR22 form is submitted by your auto insurance company to the Florida Office of Financial Responsibility, in case of course you are required to submit such confirmation of liability insurance. Driving under the influence, too many points on your license for traffic violations, driving without insurance are all valid reasons for being required to file the SR22 form.
Florida insurance law (No Fault) states that the minimum requirements for an auto insurance policy are $10,000 property damage liability and $10,000 personal injury protection. For SR22 insurance, bodily injury liability (BIL) is added in addition to the minimum requirements. In Florida, SR22 will require minimum BIL limits of $10,000 per person and $20,000 per accident. The SR22 requirement can also be met with a single limit of liability: $30,000.
The amount you will pay for BIL will be the same regardless of the fact that you must file an SR22. A filing fee of $15 is the only additional cost to you.
Please note that if the filing of the SR22 form is required, your insurance premiums will increase. Not for the SR22, but for the reasons already mentioned: DUI, too many points on your license for moving violations, driving without insurance.
If you do not comply with the law, your driver’s license and/or vehicle license plate will be suspended. If this happens, you will need to pay reinstatement fees in addition to the refill fee.