Renters Insurance: Small Cost, Big Protection
Renters insurance is one of the most affordable types of insurance — often under $20/month — but many tenants skip it. It protects:
- Personal Property – Electronics, clothing, and furniture.
- Liability – If someone gets hurt in your rental.
- Additional Living Expenses – Hotel bills if your unit is uninhabitable after fire or water damage.
Many landlords require it, but even if yours doesn’t, it’s an inexpensive way to protect your lifestyle.
SR-22 Insurance: Clearing Up the Confusion
An SR-22 isn’t a policy itself — it’s a state filing proving you carry the required auto liability coverage after serious violations such as:
- DUI or reckless driving convictions
- Driving without insurance
- Multiple at-fault accidents
The insurance company files the SR-22 with the state DMV. Without it, your license may remain suspended. Because SR-22 drivers are considered high-risk, premiums are usually higher.
Tips for Managing Costs
- Maintain continuous coverage — lapses can reset the SR-22 period.
- Drive safely to avoid new violations.
- Shop insurers that specialize in high-risk coverage.
Takeaway: Renters insurance offers affordable peace of mind, while SR-22 filings are about compliance and rebuilding driving privileges. Both serve very different purposes but are equally important in the right situations.