What are auto insurance statutory fees?

Answer 1

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.