Some (not all) auto insurance companies offer you the choice between selecting a 6 month policy or a 12 month auto insurance policy. A lot of people ask me if there’s a difference, or if it is better to choose versus than the other….
The answer depends on what is on your driving record…. If you’re driving record is clean, it really doesn’t matter…. But if you have accidents, tickets or any other violations that are on your driving record, you’re better off going with the SIX MONTH policy.
For those with clean records:
Choose the term and payment plan you like best and don’t waste another thought worrying about it. If your driving record is clean, it really doesn't matter which policy you choose.
For those with accidents, tickets and violations:
Eventually, those dings on your record will fall off, as far as insurance ratings are concerned…. Some companies go back only 3 years, other companies go back 5 years, but minimize the severity after the third year. But regardless, the time will come when that accident or ticket “falls off”…. But once you reach that date, you still don’t get charged a lower premium until after the expiration date of your policy (you should see the decrease on your renewal offer)…. So depending on dates of occurrences and dates of your policy term, a 12 month policy could drag out a longer time period that you would still have to pay the surcharge for whatever violation…..
So stick with a six month policy, if you have any violations…. For all others, it really doesn’t matter.
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What is a Virginia FR44 Auto Insurance filing?
An FR44 auto insurance filing is a rare form of state filing (only Virginia and Florida have them) that drivers need to have attached to their auto insurance policy in order to keep their driver’s license valid.
Most drivers are required to carry an FR44 filing after getting a DUI, or some other type of criminal charge. An FR44 simply attaches onto your auto insurance policy and acts as a “tattle-tale”….
That is, if an auto insurance policy that has an FR44 attached to it ever cancels, the auto insurance company is required by law to “tattle” on you to the Virginia DMV. When this happens, your driver’s license will be suspended again until you start another active FR44 attached policy (and you will likely get hit with another reinstatement fee also).
What’s the difference between an FR44 filing and an SR22 filing?
The only difference between the two is that with a SR22 filing, you must carry at least the Virginia state minimum liability level of coverage, which is 25/50/20. With an FR44 filing, you are required to carry at least DOUBLE the Virginia state minimum liability coverage, which is 50/100/40…. Other than that there is no difference between the two. They work exactly the same other than the FR44 having the higher liability requirement.
How long do I have to carry an FR44 filing?
For the vast majority of drivers, you will need to keep the FR44 active for three years… But this could be more or less, especially if it was court ordered.
If you own a vehicle, Click here to get a Virgina FR44 Auto Insurance quote.
If you do NOT own a vehicle, Click here to get a Virginia Named Operator FR44 quote.
Dan Lyles is an Independent Insurance Agent serving Ohio, Indiana, Michigan, Pennsylvania, Virginia and West Virginia..