Nevada SR22 Insurance

A motorist in Nevada, who had his driver’s license either suspended or revoked, must obtain a sr22 certificate before he can regain his driving privileges. Such a driver is considered risky; he must follow certain procedures before he can legally be allowed to drive on Nevada roads.
Nevada requires that auto insurance companies file sr22 forms (certificate of financial responsibility) with the state, for risky drivers to verify that their liability insurance is still active. The drivers receive no notifications from the state regarding their driving status; the responsibility is theirs and their insurance companies to submit the sr22, and any renewals, as and when required.

In Nevada, three types of sr22 forms exist:

• The certificate will prove the driver’s financial responsibility when he does not own the vehicle.
• The certificate will prove the driver’s financial responsibility when he owns the vehicle.
• The certificate will prove the driver’s financial responsibility when he does not own the vehicle.

In Nevada the sr22 is required when:

• A driver had suspensions on his record for such things as driving uninsured, being in an accident and later not paying the fees assessed.
• A driver had several unpaid judgments that were assessed after suspension of his driver’s license.
• A driver’s license was revoked.

In Nevada, a filing of the sr22 occurs as follows:

• A driver requests a sr22 filing from his state-licensed insurance company.
• A driver pays a fee of the company; these processing fees vary with the insurance companies, so the driver can check with other agencies for a good deal.
• A driver has to buy at least $15,000 for a person in an accident, and $30,000 to cover two or more persons in any accident, and property damage for $10,000 in any one accident.
• Once the insurance company gets the sr22 request, it forwards it to be filed with the Nevada DMV within 30 days.
• When accepted, the driver will get the sr22, along a DMV acceptance letter.
• A driver is obligated to keep the sr22 for 3 years. The driver is also responsible for timely renewals of his insurance policy. If he fails to do so, the insurance company informs the state, and his driver’s license will be suspended, until the driver reinstates the insurance coverage.

In lieu of filing a sr22 certificate, Nevada will accept bonds in amounts of $30,000 thru $50,000, from a state-insured insurance company, deposited with its State Treasurer’s office.