Would it be smarter to let my driver's license lapse?
September 1, 2014 4:08 PM Subscribe
(Posting on behalf of a friend): I was convicted of a DUI in March 2014, and am trying to pick up the pieces. I need to pay for an SR-22 which is insurance on my license. If I do not pay for this insurance my license will lapse. The policy is less expensive if I also insure a vehicle but I will not need a car in the coming months and cannot afford the payments. I need help figuring out if it would be smarter to not pay for any insurance (letting my license lapse), to sell the car and use the profits to pay the SR-22, or to just keep the car (though I really do not want to).
posted by anonymous to Law & Government (9 answers total)
I received a DUI in the state of Rhode Island in March 2014. After reinstating your license the state requires that you carry an SR-22 on your insurance policy for a minimum of three years. An SR-22 is essentially insurance on your license. Recently, my car was stolen so I cancelled my insurance policy which also canceled my SR-22. I planned on also canceling my cars registration. However, this week I received a letter in the mail from the DMV stating the my license would be suspended if I did not reinstate the SR-22. I was under the impression that the SR-22 was only necessary if you were the registered owner of a vehicle; but it is required by the state to maintain a valid license.
Then, a week later, my car was recovered with no damage. I plan on moving to Boston in the next six months and was planning on selling my vehicle because it is not needed in the city. This may no longer be possible because maintaing insurance on my vehicle is cheaper than having an insurance policy without a vehicle on it to maintain the SR-22. I currently pay $270 a month for liability car insurance with an SR-22. For a policy with only the SR-22 it will be $300 monthly. Therefore, I am wondering if the logical decision is to stop paying for insurance and sell my vehicle; hence letting my license become suspended. Or if should still sell my car and then use the profits to pay for insurance which would prevent my insurance from lapsing. Keeping the vehicle is not a financially feasible option considering my imminent move to the city.