What is SR-22 Insurance?
Few drivers have a perfect driving record. And for those drivers who have multiple accidents and/or moving violations, were caught driving without insurance, or convicted of a DUI, having to file an SR-22 form is a reality.
The good news is that we can help you find the cheapest SR-22 car insurance quotes with the best insurance companies out there.
What Does SR-22 Stand For?
Technically, there is no such thing as ‘SR-22 insurance’. An SR-22 is the name of the form, also known as a Certificate of Financial Responsibility. An SR-22 provides proof of insurance for those who engaged in high-risk behavior while driving.
Before you start comparing auto insurance rates, it’s important to know that the requirements for filing this form, how long it’s valid, and other related criteria vary from state to state, so be sure to check your local laws.
States that Don’t Require an SR-22:
- New Mexico
- New York
- North Carolina
When Do You Need an SR-22?
An SR-22 can be required for several reasons. If you have a DUI, lost your license, are caught driving without car insurance, or have a prolonged lapse in your car insurance coverage, your state’s department of motor vehicles may require an SR-22.
Being required to provide an SR-22 is not usually a one-time deal. If you’re required to have one, then odds are you’ll have one for a while. 3 years is the typical length of time drivers are required to provide the form.
An SR-22 does expire, so pay attention to the expiration date. If you’re caught with an expired SR-22 or you wait too long to renew an old one, then you run the risk of not being able to get insurance or facing legal action, fees, or penalties.
How to Find an Affordable SR-22 Policy
If you need to file an SR-22, you’ve most likely been labeled as a high-risk driver. This higher perceived risk often results in higher insurance rates. But don’t worry, there are a few steps you can take to lower your rates over time.
- Enroll in a driver’s improvement course – In some situations, a driver’s improvement course could help reduce points on your driving record or help you find a discount through your insurer.
- Maintain a clean driving record – Over time, this will help establish yourself as a less risky driver.
- Buy a cheaper vehicle – If you own a less expensive car, you will need less coverage.
- Consider Non-Owners Car Insurance Coverage – Maybe you don’t need to own a car but you still need a driver’s license. Non-owner car insurance coverage can be helpful if there’s a car you can borrow from a friend or relative. There are also many carshare programs in bigger cities like Zipcar that can help reduce your overall cost.
- Compare companies that accept SR-22 policies – Each company has their own process of evaluating a driver. Because of this, you may find a difference in hundreds of dollars from one insurance company to the next.
Carefully review each potential SR-22 insurer out there, especially if you feel you’re currently paying too much for your car insurance. If your insurer allows you to keep your policy – just at a higher rate – then it’s the perfect time to compare rates from other insurance companies.
Just because your current carrier offers policies for high-risk drivers, doesn’t mean you’re getting the best rate.
What Are the Best SR-22 Insurance Companies?
We understand that finding the cheapest car insurance quotes can be tricky sometimes. There are several companies out there that specialize in insuring high-risk drivers but finding the best SR-22 coverage is all dependent on where you live and your driving history. If you are looking for an SR-22 insurance company that can provide you the cheapest coverage quickly, you came to the right place.
We specialize in comparing different companies and have many partners that offer this high-risk coverage. We’ve built out a list of other potential companies to help you find the best deal.
SR22 Insurance Company List
- Acceptance Insurance
- 21st Century
- The General
- Infinity Insurance
- Liberty Mutual
- State Farm
- Direct Auto Insurance
- Nationwide Insurance
- Dairyland Insurance
Please keep in mind that insurance companies providing policies for SR-22’s may vary from state to state. There are some cases where you won’t always find a policy. You’ll need to compare quotes from multiple insurers to be sure they’ll extend a policy to you and to find the cheapest rates.
What is the Cost of an SR-22?
The actual cost of filing an SR-22 form isn’t much, ranging from $15 to $50. The increased costs of insurance coverage you may face are due to covering the high-risk behavior itself: multiple violations, driving without state minimum insurance, a DUI, etc.
If your policy has gone up too much or your policyholder dropped you, it’s time to compare auto insurance rates. The exact cost of an SR-22 will vary depending on your personal situation. Insurers may ask for the policy to be paid up front, rather than in monthly or quarterly installments. Be sure to ask about this and any other requirements!
Filing an SR-22 may require a little extra legwork and a few extra dollars. However, with research and proper vetting, you’ll discover that you still have choices.