I Have SR22 Auto Insurance – Can I Loose My Drivers License?
Q: I have SR22 insurance and I want to know–if I get into a car accident, can I lose my driver’s license?
A: It’s possible, but in a more indirect way than I think you’re thinking. Say, if you have SR22 insurance, and you get into a car accident, your risk factor goes up again. Since your car insurance company is already running significant risk by insuring you, because you have SR22 insurance, it might decide that the new risk is more than it can handle, and cancel your policy. Unless you can get a new insurance policy right away, then an SR26 will be sent to your DMV with no SR22 to cancel it out, and then your license will be canceled. But simply getting into an accident by itself will not result in the cancellation of your license.
The best way for you to avoid this problem is for you to keep a back up in place. Since more is at stake for policy holders of insurance, I suggest that, when looking for an SR22 insurance company, they pick out the best two instead of simply the best one, and keep the second filed away for future reference in case they have problems with the first. Sometimes, however, even that won’t work, and you’ll have to go with the New York assigned risk pool.
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