SR-22 Insurance: What It Is and Its Cost | Reliable

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If you have a history of traffic or driving violations, your state may require an insurance policy known as SR-22. In reality, the SR-22 isn’t insurance at all – it’s a form from an insurance provider to confirm that you have a policy that will cover your financial responsibility in the event of an accident.

Here’s what you need to know about SR-22 insurance:

What is SR-22 insurance?

The SR-22 is not a form of insurance – it is a form of proof that you have adequate auto insurance. Also known as a certificate of financial responsibility. Your insurance agent provides an SR-22 insurance form to your state to verify that you have valid insurance in your state.

Most states require drivers to have between $25,000 and $50,000 for a single person and $50,000 and $100,000 for multiple people injured in an accident.

Additionally, most states require coverage for property damage between $10,000 and $25,000. Your SR-22 form will verify that your insurance meets your state’s requirements.

Is SR-22 insurance required by law?

An SR-22 insurance policy may be required by a court or your state’s department of motor vehicles to ensure that you have sufficient auto insurance to cover your financial responsibility in the event of an accident.

Many states also require you to file an SR-22 to get your license reinstated after your license has been suspended or revoked, or after other traffic offenses, including:

  • Driving under the influence (DUI) or driving while intoxicated (DWI)
  • Reckless driving
  • Driving without insurance
  • Too many mistakes in too little time

You must keep the SR-22 on file for one to three years, depending on your state.

See: How Much Will My Insurance Cost After a Speeding Ticket?

What is FR-44?

FR-44 is another proof of financial responsibility, but it is very important. When you file an SR-22, you confirm that you have auto insurance covered by state law. With FR-44, you must maintain a very high safety margin – usually double the legal limit.

For example: In Virginia, drivers are generally required to carry bodily injury insurance coverage of about $30,000 for one person and $60,000 for two or more. In addition, Virginia drivers must carry at least $20,000 in property damage insurance. If you have to file FR-44, your access limit will need to be at least twice that of the state.

Only two states use FR-44 forms: Florida and Virginia.

You may need to file an FR-44 if you have a crime involving your vehicle, such as injuring someone while driving.

How does SR-22 insurance work?

If your state uses the SR-22 form, state law specifies when it is required – especially after certain driving offenses. If you have been convicted of one of these violations, the court will usually order you to file an SR-22, or the state Department of Motor Vehicles will notify you that you must apply to maintain or reinstate your driver’s license.

To file an SR-22, contact your insurance agent and tell them you need to fill out an SR-22, and the insurance company will provide this to the government.

Good to know: If your insurance provider does not provide coverage for people with SR-22s, you must purchase a policy with a new provider that does. Your insurance provider will often charge you an additional fee to file an SR-22. You may also face an increased risk, as the SR-22 is an indication that you are a high-risk driver.

When you have an SR-22, the insurance provider will notify the government immediately if your coverage ends or if you are unable to renew your policy. You will also need to keep the SR-22 for between one and three years, although some states require longer periods. If you have other violations while on the SR-22 system, your time may be extended.

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Where is SR-22 insurance required?

Many states have SR-22 requirements, although it is not universal. Some states may require you to provide some form of proof of insurance after you move the car, such as a photocopy of your insurance card.

See the table below to see if your state has SR-22 requirements:

SR-22 Requirements and Government
It has SR-22 requirements It does not have SR-22 requirements
Alabama Connecticut
Alaska Delaware
Arizona Kentucky
Arkansas Louisiana
California Massachusetts
Colorado Michigan
District of Columbia Minnesota
Florida New Jersey
Georgia New Mexico
Hawaii new York
Idaho North Carolina
Illinois Oklahoma
Indiana Pennsylvania
Iowa West Virginia
Kansas
Maine
Maryland
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
North Dakota
Ohio
Oregon
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
Wisconsin
Wyoming

What is non-owner SR-22 insurance, and is it required?

Non-owner SR-22 insurance is for people who do not own a car but are required to have an SR-22 by their state.

In most cases, your SR-22 proves that you have the necessary insurance coverage for the vehicle you own. If you don’t own a car, you can get non-owner auto insurance with an SR-22. This will pay you for any cars you drive, such as your friends car.

If your driver’s license is suspended, your state may require you to purchase non-owner’s car insurance and an SR-22 certificate for reinstatement.

In other cases, check with your state’s Department of Motor Vehicles to see what is required.

Learn more: Can I Insure a Vehicle Without My Title?

How much is SR-22 insurance?

The cost of SR-22 insurance can vary, but it is usually more expensive than standard insurance for drivers with a good record.

Insurance carriers usually cut their rates based on the risk you present. This depends on your driving record (traffic violations and accidents), as well as your credit score, age, and where you live. If you need to file an SR-22, you may have violations on your driving record that will increase the cost of your insurance.

The average car insurance premium worldwide is $1,204 per year, according to the National Association of Insurance Commissioners. You can expect to pay more than that if you have an SR-22.

You may encounter fees and charges when dealing with SR-22 insurance. For example, your state may require you to pay a fee to file the SR-22 form. Insurance carriers also tend to charge a small fee — usually between $25 and $50 — to mail the form to your area.

You usually pay for the SR-22 filing up front when you issue the policy. For some insurers, this is a one-time fee, while others may charge you at the beginning of each new period as long as an SR-22 is required.

Who has affordable SR-22 insurance?

It’s always a good idea to buy auto insurance, but this is especially important if you want to file an SR-22. One insurance provider can offer much lower rates than its competitors.

Ask for a quote from several insurance providers, and compare the prices and the amount you are offered. This is the best way to make sure you get the best.

Tip: Talk to your insurance agent to make sure the rates quoted include the SR-22. Not all insurance providers cover drivers who require an SR-22.

Continue Reading: How to Get Car Insurance Without a License

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About the author

Andrew Dunn

Andrew Dunn is an award-winning and award-winning financial writer with over a decade of experience in the industry with articles published in Fox Business, LendingTree, Credit Karma, Axios Charlotte, and more.

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