Minnesota SR22 Insurance

There are five common events that can cause the state of Minnesota to require a SR-22. When one of those events has occurred, there are three different types of SR-22 that could be necessary. Failure to comply with these requirements can lead to some harsh consequences, up to and including a permanent suspension of a driver’s license.

One common event that could prompt this request is involvement in a vehicular accident without insurance coverage.
In that instance, and without payment in full for the damages, the SR-22 would usually be considered appropriate.
Other frequent causes are the revocation of a drivers’ license, or if a person has been convicted three or more times
of failing to provide the legally required amount of vehicular insurance. Additionally, if a civil judgement was awarded against a person as the result of an uninsured accident, or in any case that included mandatory insurance supervision, may facilitate the need for a SR-22.

The three available choices for a SR-22 are similar. The first, and arguably most common, covers financial responsibility
for an owned vehicle. The second option covers a driver who is operating a vehicle that he or she does not own. The third alternative covers all vehicles that are operated by the driver, regardless of ownership.

The State of Minnesota considers this matter to be of the utmost importance. To that end, they require any SR-22 to
be in place for a minimum of 36 months. There are both fees and an application form that are necessary, and the process itself should be expected to take at least 30 days. Additionally, state law requires that the minimum insured amounts must include 30,000 dollars for a single injured person, 60,000 dollars for two injured people, and 10,000 dollars for property damage. If accepted, the applicant should expect to be informed in writing.
That correspondence will include, or be received soon after, the SR-22 itself.

Although the SR-22 may not be particularly hard to acquire, it is very important to remain in good standing once it
has been approved. There is no guarantee that if revoked, it would be reinstated. The granting of a SR-22 is a privilege granted by the State of Minnesota, it is not a right.