Cost Guide to SR22 Insurance
Compare and Save Money on SR22 Insurance
SR 22 insurance can vary in cost depending on your age, gender, the state you live in and also on the insurance company offering coverage. Here, we take a closer look at what SR22 insurance is, how much it may cost you, getting an SR22 and how long you may need it.
What is is SR-22 Insurance ?
An SR22 Insurance is not actually an insurance policy but a certificate of financial responsibility issued by insurance companies. It provides proof to the state authorities that the policy holder has met the state’s minimum requirements when it comes to liability coverage.
Individuals are mandated to file for an SR22 if they have been charged with a DUI/DWI, have invalid auto insurance or any such violation to save their license from further suspension and get their driving privileges back.
Will my rates go down after I no longer need an SR-22?
Most likely. But it is important to note that it is not the SR22 policy but it’s the conviction on your driving record that will have the most effect on your insurance premium.
Your driving history, clubbed along with other factors such as your age, state, gender, marital status, etc will ultimately go on to determine your rate. Most insurance policies are renewed annually or within six months and everytime it gets renewed you can see a decrease in premium provided you have no new incidents to report.
Almost all insurance providers gradually lower premium rates three years post conviction. To ensure that you receive lower premium charges, you must comply with certain rules such as renewing your policy on time and follow road safety instructions among others. The longer you tend to have a clean record, the more likely you’ll see lower premiums with your renewals.
Why is SR22 so expensive?
The average filling cost of an SR22 policy across the United States can be anywhere between $15 to $50. However getting a car insurance policy along with an SR22 will go on to increase your premium rates. The high cost is mostly related to the type of violation for which have been convicted for and are asked to file for an SR22. A DUI, various traffic violations, or an accident along with your current insurance will certify you as a high-risk driver and hence increase your insurance rates.
Factors That Affect SR-22 Insurance Costs
Premiums vary based on various factors such as infraction, the insurance company that you opt for, the state you reside in and your driving history. The amount of coverage you purchase also makes a difference in the overall cost. For instance, if you only buy the minimum amount of insurance required by your state, you can fulfil your SR-22 requirement for a lower price as compared to purchasing a full coverage policy. And since you only need to have an SR-22 for a period of 1-5 years, depending on the state, your premium will eventually go back down.
How much does it cost to get SR-22 insurance?
Filing for an SR-22 has two aspects to it: filing fees and a higher insurance premium. Most insurance companies in the country charge between $15 to $50 for filing and renewing your SR-22.
Here we have compiled a table on average rate and increase in cost after an SR22 for various states:
| State | Average annual rate in 2022 | Increase after SR-22 | How much it increased |
|---|---|---|---|
Alabama | $723 | $1,113 | 54% |
Alaska | $872 | $1,570 | 80% |
Arizona | $844 | $1,156 | 37% |
Arkansas | $736 | $1,237 | 68% |
California | $841 | $1,708 | 103% |
Colorado | $857 | $1,149 | 34% |
Connecticut | $1,049 | $2,097 | 100% |
Delaware | $1,146 | $1,501 | 31% |
Florida | $1,185 | $1,659 | 40% |
Georgia | $897 | $1,318 | 47% |
Hawaii | $765 | $1,239 | 62% |
Idaho | $574 | $821 | 43% |
Illinois | $8,034 | $1,366 | 70% |
Indiana | $666 | $1,039 | 56% |
Iowa | $599 | $958 | 60% |
Kansas | $698 | $1,020 | 46% |
Kentucky | $802 | $1,187 | 48% |
Louisiana | $1,232 | $1,995 | 62% |
Maine | $618 | $964 | 56% |
Maryland | $1,017 | $1,535 | 51% |
Massachusetts | $1,059 | $1,768 | 67% |
Michigan | $1,231 | $1,342 | 9% |
Minnesota | $788 | $1,079 | 37% |
Mississippi | $827 | $1,051 | 27% |
Missouri | $745 | $1,036 | 39% |
Montana | $693 | $963 | 39% |
Nebraska | $682 | $1,077 | 58% |
Nevada | $985 | $1,271 | 29% |
New Hampshire | $775 | $1,387 | 79% |
New Jersey | $1,266 | $1,861 | 47% |
New Mexico | $763 | $1,113 | 46% |
New York | $1,235 | $1,840 | 49% |
North Carolina | $656 | $1,389 | 112% |
North Dakota | $638 | $848 | 33% |
Ohio | $703 | $920 | 31% |
Oklahoma | $824 | $1,054 | 28% |
Oregon | $828 | $1,043 | 26% |
Pennsylvania | $878 | $1,098 | 25% |
Rhode Island | $1,148 | $1,435 | 25% |
South Carolina | $854 | $1,084 | 27% |
South Dakota | $616 | $782 | 27% |
Tennessee | $738 | $878 | 19% |
Texas | $934 | $1,345 | 44% |
Utah | $784 | $1,090 | 39% |
Vermont | $680 | $1,136 | 67% |
Virginia | $751 | $1,066 | 42% |
Washington | $884 | $1,132 | 28% |
Washington, DC | $1,190 | $1,194 | 0.30% |
West Virginia | $855 | $1,360 | 59% |
Wisconsin | $665 | $1,004 | 51% |
Wyoming | $657 | $998 | 52% |
Key Takeaways
- SR-22 is primarily required for high-risk drivers who have been recently convicted of a major driving violation, like DUI or reckless driving.
- The average cost for an SR22 insurance or car insurance after a DUI is $2,531 for full coverage and $1,079 for minimum required coverage.
- If you need an SR-22, your car insurance rates will increase by an average of $993 a year.
SR-22 Cost In Numbers
Is the average annual cost for SR-22 Insurance across the United States.
Is the average filing fee for SR-22 Insurance across the United States.
Your rate will go up, on average, 57% or $993 a year for one DUI accordingly.
FAQs
Most frequent questions and answers regarding SR-22 Insurance
When your SR-22 requirement is removed, simply contact your insurance company to let them know you don’t need it anymore.
You’ll need to inform your insurance company that you need an SR-22 so that they can file it on your behalf. Your insurance company will learn about the violation that led to the SR-22 requirement when it runs your record, so there’s no reason to avoid telling them.
To find out if your SR-22 has been filed, contact your insurance company. You can also check with the DMV or the court to find out if the SR-22 has been received and processed.
The process of filing an SR-22 can be time-consuming. The average wait is 3o days, so don’t wait to get it started.
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