Archive for June 10th, 2008
Reader’s Question:
My friend borrowed my vehicle and wrecked it and he said she has Springfield SR-22 insurance. Will this SR-22 insurance cover the damages in my car?
Robbie
Springfield, IL
Typically the auto insurance follows the vehicle and not the driver, so the insurance that would kick in, regardless of the motorist and whether they have Springfield SR-22 insurance or not, would be yours, since it’s your vehicle.
But, if you exhaust your coverage–like if the damages are $15,000 and you don’t have that much coverage, then the Springfield SR-22 insurance coverage of your friend will kick in to cover the excess. Your rates may still increase.
June 10th, 2008
Reader’s Question:
If I have to purchase a Chicago SR-22 policy, will my insurance rates go up in Illinois?
Tom
Chicago, IL
It is most likely that your auto insurance rates will increase after purchasing a Chicago SR-22 policy, and probably by quite a bit. Most individual’s do. But, it isn’t certain. There are a lot of factors that might affect your insurance rates.
If, for instance, you are in the preferred category of motorist when you first obtain your Chicago SR-22 policy, then many companies will permit you to keep your rates along with your good motorist discount. If you’ve been a long time policyholder, you might get the same treatment.
June 10th, 2008
Reader’s Question:
I’m from Naperville, IL, but I’m moving to Texas. Do I still need my Naperville SR22 insurance?
Mel
Naperville, IL
Although you are moving to a new state, and you will be obtaining a license in that new state so it would seem that you would not have to comply with any license restrictions from your old state, Naperville SR22 insurance is different. You need to continue meeting the requirements of your Naperville SR22 even while you live in Texas until the period of SR22 filing is up.
June 10th, 2008