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SR-22 and Your Auto Insurance

November 19, 2014

What is an SR-22?

Few of us can hold up a perfect driving record. And for drivers wo have experienced multiple accidents and moving violations, those unlawfully driving without state minimum auto insurance, and motorists convicted of a DUI, having to file form SR-22 is a reality. The good news is that it’s manageable and doesn’t last forever.

There is no such thing as SR-22 insurance. This is just the name of a form. Also known as a Certificate of Financial Responsibility, the SR-22 provides proof of insurance for those who engaged in high-risk behavior when behind the wheel. It’s important to know that the requirements for filing this form, how long it’s valid and other criteria vary from state to state, so be sure to check your local laws. (We’ve put together some more helpful SR-22 info here.)

Why to compare SR-22 auto insurers

If you need to file an SR-22, the odds are pretty good that you’ve been placed in a higher risk bracket of auto insurance. And with that higher risk often comes higher rates. But don’t worry, there are a number of steps you can take to bring your rates back down, from taking driver’s training classes to simply maintaining a clean driving record over an extended period of time.

But like anything where you’re paying a premium, or simply more than you’d like to, it’s important to carefully vet an insurer when you’re carrying an SR-22. In fact, if the insurer you have at the time of the incident that necessitates an SR-22 allows you to keep your policy – just at a higher rate – it’s still an ideal time to compare car insurance providers. That’s because while your current provider may provide policies for high-risk drivers, especially those who have shown loyalty and an otherwise stellar driving record, it doesn’t mean they’ll offer the most competitive rate.

Who are the SR-22 auto insurers

If you think that you may have to turn to a car insurance provider that you’ve never heard of when you’re required to file an SR-22, think again. A number of nationally known, well established insurance providers will still provide policies for those who have engaged in high-risk driving and need to file SR-22s. That said, there are also many agencies that specialize in non-standard or high-risk policies.

The General is one insurance company that specializes in high-risk policies. Their custom rating process could lead to lower car insurance premiums for those that filed an SR-22. SafeAuto is known for working with customers looking for the state minimum insurance.  Infinity Insurance also offers insurance for drivers who have DUIs, car accidents and moving violations on their records.

Please remember that the insurers providing policies to holders of form SR-22 can vary from state to state.You’ll need to compare insurance providers to be sure a specific auto insurance company will extend a policy to you.

What should you look for in SR-22 auto insurers?

The actual cost of filing an SR-22 isn’t much, ranging from $15 to $50. Again, the increased costs you may face have more to do with insuring the high-risk behavior behind the form: multiple violations, driving without state minimum insurance, a DUI, etc. If you feel that your policy has gone up to much, or your policyholder dropped you, this is an ideal time to compare auto insurance rates. Additionally, in some states, an insurer may ask for a policy to be paid up front, rather than in monthly or quarterly installments. Be sure to inquire about this and any other requirements.

Filing an SR-22 may require a little extra legwork and a few extra dollars, but with some solid research and through vetting, you’ll discover that you still have choices when it comes to choosing an auto insurance provider.

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