What are auto insurance statutory fees?

Updated: 9/19/2023
User Avatar

Wiki User

13y ago

Best Answer

Auto insurance statutory fees are imposed to individuals who are caught driving without insurance. Because every state except New Hampshire requires drivers to carry continuous auto insurance to operate a motor vehicle, drivers caught driving without insurance will be required to pay statutory fees to reinstate their license and vehicle registration. In addition to this, some uninsured motorists will be required to provide an SR-22 (Proof of Financial Responsibility) so that the state governing officials are notified if their insurance lapses again. Statutory fees vary in each state, however most are around $500 and must be paid before registration and licenses are reinstated.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are auto insurance statutory fees?
Write your answer...
Still have questions?
magnify glass
Related questions

What is the statutory time limit to file an auto insurance claim in Virginia?

Call and ask your claims agent

Can auto insurance agent charge you a cancellation fee?

Go here...............

Can you sue a homeowners insurance if their auto insurance does not cover all of you medical pain and suffering?

You can sue anyone you want, But you would lose in this circumstance. You would also be required to cover all the legal expenses and attorney fees for the entity you sued after you lose the case. Homeowners Insurance does not cover auto accident claims, that's what auto insurance is for.

Which companies provide car insurance in the state of OR?

Companies that offer car insurance in Oregon are State Farm auto insurance, 21st Century auto insurance, Nationwide auto insurance, Mercury auto insurance, Farmers auto insurance, and AAA auto insurance.

If you are driving an uninsured car but you yourself have insurance and you get pulled over do you cover the uninsured car?

Driving in an uninsured car has serious and expensive consequences.You will receive a traffic violation. Your license can be suspended.The police can tow and impound the vehicle. The vehicle can't be released until proof of insurance is procured. The impound fees add up quickly and the tow company can send your car to auction if the fees are not paid within the statutory time period for your state.

How do you obtain a temporary license for someone that needs SR22 insurance?

Their License is suspended because they have not obtained the required SR22 fling from their auto insurance company. All they have to do is buy auto insurance and file the sr22 as well as pay any associated tickets, fines and fees. then their suspension can be lifted.

Does property insurance or auto insurance pay when a auto owner damages his garage with his auto?

Auto Insurance.

What is a Statutory financial statement?

A statutory financial statement is a financial statement of an insurance company prepared in accordance with statutory accounting standards.

If you voluntary turn back in a financed auto and the auto has been in an accident and you had no insurance coverage what are you libel for?

You are liable for everything. Fixing the car, paying for the car (the balance of the contract) and repo fees.

Can you get auto insurance if you have not had auto insurance?

( maybe it will help you

Do insurance companies have a time limit when investigating an auto accident?

Depending on where you are (I can only speak for the U.S.), there may be no restriction on how long insurance has to act on a claim. Some states to have a statutory limit for responding to a claim (for example, ten working days) and others, like Florida, do not. They allow market forces, such as auto repairers and customers, to force action. In most states, the funny part is, you have a statutory limit on how long you have to FILE a claim. Quaint, isn't it?

Auto insurance underwriter do?

What does an auto insurance underwriter do?