SR22 insurance is just an insurance policy owned by those drivers who have violated or often violates the law/s framed by the Govt. followed while driving. This may include driving while drunk, rash driving therefore, causing accidents or driving uninsured, license suspended many times, etc. Hence, we can say it is just an insurance policy, which maintains the limits of liability of notorious and careless drivers.
Florida no fault law states that the least requirements for a car insurance policy are Property damage liability (PDL) of $ 10,000 and Personal Injury protection (PIP) of $ 10,000. However, when you require a SR22 insurance policy, Bodily Injury liability (BIL) gets added along with the Florida no fault laws requirements, which costs $10,000 for a person and $20,000 per accident. A single limit of $30,000 fulfils it.
The insurance companies do not increase the premium of the Bodily injury liability for the drivers who are filing SR-22 insurance. In the case of SR-22 Insured drivers, they have to pay $15 more as the filing fees. You must be very clear with the concept that you have to pay more amounts for getting car insurance and it is not because of SR-22, but because of your negligent and careless attitude towards laws set by the government for driving.
In case, when the Bureau of financial responsibility has made it essential for you to get SR-22 insurance, due to the any of the above reasons you must get it as soon as possible as its mandatory. If you do not get it, the Bureau of Financial responsibility can suspend your driving or vehicle license and in that case, you will have to spend even more amounts as reinstatement fees in addition to the filing fees.