Question
What happens if I stop paying for my SR22?
I would like to stop paying for my SR-22 because I no longer have a car.
Answer
Ava joined The Zebra in 2016 as a licensed insurance agent and writer. She now serves as director of insurance content, leading coverage strategy and…
Credentials
- 9+ years of Experience in the Insurance Industry
If you stop paying for the SR-22, the insurance company is then required to notify the state that the policy has been canceled.
Typically, the state will suspend your license and you may have additional fines as well. Keep in mind that license suspensions show up on your motor vehicle report which would likely mean that your auto insurance rates would increase the next time you receive a policy. That said, it's recommended that you continue paying your SR-22 if possible.
Read more about SR-22's to find out what options re available to you. Good luck and if you have any other questions, don't hesitate to ask.
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