How Much is SR22 Insurance?

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SR22 insurance is a type of auto insurance that is required for drivers who have been convicted of certain driving offenses, such as driving under the influence (DUI) or driving while uninsured. The SR22 form is a certificate of financial responsibility that proves to the state that the driver has the minimum amount of insurance coverage required by law.

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What is SR22 Insurance?

SR22 insurance is not actually an insurance policy, but rather a form that is filed with the state to prove that a driver has the minimum amount of insurance coverage required by law. It is often required for drivers who have had their license suspended or revoked, or who have been convicted of certain driving offenses.

If a driver is required to carry SR22 insurance, it means that they are considered to be high-risk by the insurance company. This is because they have a history of reckless driving or other offenses that make them more likely to be involved in an accident.

How Much Does SR22 Insurance Cost?

The cost of SR22 insurance varies depending on a number of factors, including the driver’s age, driving record, and location. In general, however, SR22 insurance is more expensive than standard auto insurance because it is considered to be high-risk.

On average, drivers can expect to pay an additional $30 to $60 per month for SR22 insurance on top of their regular auto insurance premium. However, some drivers may be required to pay even more depending on their specific circumstances.

Factors That Affect SR22 Insurance Costs

Several factors can affect the cost of SR22 insurance, including:

  • Driving Record: Drivers with a history of traffic violations, accidents, or DUI convictions are considered to be higher risk and will likely pay more for SR22 insurance.
  • Age: Younger drivers are typically considered to be higher risk than older drivers, which can result in higher SR22 insurance premiums.
  • Location: Insurance rates can vary widely depending on the state and even the city in which a driver lives.
  • Type of Vehicle: High-performance or luxury vehicles can be more expensive to insure, which can also increase the cost of SR22 insurance.

How to Get SR22 Insurance

If you are required to carry SR22 insurance, you will need to contact an insurance company that offers this type of coverage. Not all insurance companies offer SR22 insurance, so you may need to shop around to find one that does.

When you apply for SR22 insurance, the insurance company will assess your risk level and determine how much you will need to pay for coverage. You will need to provide proof of insurance coverage before the SR22 form can be filed with the state.

FAQ About SR22 Insurance

Question
Answer
What does SR22 insurance cover?
SR22 insurance is not a type of insurance policy, but rather a certificate of financial responsibility that proves that you have the minimum amount of insurance required by law.
How long do I need to carry SR22 insurance?
The length of time that you will be required to carry SR22 insurance varies depending on the state and the reason for which it was required. In general, however, you can expect to carry SR22 insurance for at least three years.
What happens if I do not carry SR22 insurance?
If you are required to carry SR22 insurance and do not carry it, your driver’s license may be suspended or revoked. You may also face fines or other penalties.
Can I get SR22 insurance if I do not own a car?
Yes, you can still get SR22 insurance even if you do not own a car. You can purchase a non-owner policy that provides liability coverage while you are driving someone else’s vehicle.
Can I switch insurance companies while carrying SR22 insurance?
Yes, you can switch insurance companies while carrying SR22 insurance. However, you must first make sure that your new insurance company offers SR22 insurance and file the new SR22 form with the state.

Conclusion

If you are required to carry SR22 insurance, it is important to understand what it is, how much it costs, and how you can get it. By shopping around and comparing prices from different insurance companies, you can find the most affordable SR22 insurance policy that meets your needs.

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