Does SR-22 Impact Your Credit Score?

At Universal Insurance Services, we understand that navigating SR-22 insurance requirements can be stressful, and we’re here to help clarify how these filings relate to your credit and what you can expect.

What Is an SR-22?

An SR-22 is not an insurance policy, but rather a certificate your insurance company files with the state to prove you carry the minimum required auto liability coverage. Illinois drivers may need an SR-22 after certain violations, such as driving without insurance, a DUI, or repeated traffic offenses.

Does Filing an SR-22 Affect Your Credit Score?

The good news is that filing an SR-22 itself does not directly impact your credit score. Credit bureaus do not receive information about SR-22 filings, and the act of filing one is not reported as a negative mark on your credit report. Your credit score is determined by factors like payment history, outstanding debt and credit inquiries, not by your driving record or insurance filings.

However, there are some indirect ways your finances could be affected:

• Insurance premiums: Needing an SR-22 usually means you’re considered a higher-risk driver, which can lead to increased insurance premiums. If higher costs make it difficult to pay your bills on time, missed payments could impact your credit.
• Missed payments: Failing to pay your insurance premium could result in policy cancellation, which may lead to a lapse in coverage and further legal or financial trouble.

How We Help Drivers with SR-22 Insurance

Our team at Universal Insurance Services specializes in helping Illinois drivers meet SR-22 requirements with affordable, reliable coverage. We work with you to find the right policy, explain your obligations, and ensure your filing is handled promptly so you can focus on getting back on the road with confidence.

Contact us today to speak with one of our experienced agents.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.