What is the average cost of SR-22 insurance in Colorado?

Asked by: Dr. Dagmar Reynolds  |  Last update: February 11, 2022
Score: 4.5/5 (11 votes)

It only costs a small amount to file the SR-22 form itself, but the associated violation (like a DUI) can drive up your car insurance prices. SR-22 insurance in Colorado with minimum coverage costs an average of $1,078 per year, while a standard car insurance policy in the state costs about $764 per year on average.

How much is SR-22 insurance a month?

SR-22 insurance costs an average of $62 to $122 per month, depending on the insurer and the offense that led to the SR-22 requirement. The DMV in your state will also charge a one-time fee to file the necessary paperwork.

What is the cheapest SR-22 insurance?

Cheapest SR-22 Insurance Companies
  • Geico: $556 per year.
  • AAA: $576 per year.
  • Grange Insurance: $615 per year.
  • Progressive: $669 per year.
  • Mercury: $700 per year.
  • USAA: $713 per year.
  • Travelers: $740 per year.
  • Wawanesa: $745 per year.

How much more is SR-22 insurance than regular insurance?

SR-22 insurance is quite a bit more expensive than a typical insurance policy in California. Car insurance costs an average of $1,857 per year for SR-22 coverage due to a DUI and an average of only $643 without an SR-22 form. That's $1,214 more per year for those who have SR-22 insurance.

Does SR-22 cost more?

SR-22 insurance is more expensive than regular insurance because they're designed for drivers who have been convicted of a DUI/DWI offense. An SR-22 is a certificate that an insurance company files with the state to show that you have enough insurance.

How to Find the Cheapest SR22 Insurance Price

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How long does an SR-22 last?

In California, an SR-22 requirement typically lasts three years. Your driver's license may be suspended or revoked for a few months to a few years, depending on the violation and your driving history, and your SR-22 requirement begins after that.

How does SR-22 insurance work?

With an SR-22, insurance companies assure your state's motor vehicle or insurance department that you'll maintain coverage for a certain period of time. If you don't, the insurer will alert your state, and your driver's license could be suspended or revoked.

Does an SR-22 cover you in any vehicle?

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Yes, SR-22 insurance covers any car you drive, as long as you have an owner-operator SR-22 certificate. An owner-operator certificate, which is available in most states, is a type of SR-22 form that covers you when you drive any vehicle, regardless of who owns it.

Does an SR-22 follow you?

However, you might ask if you move out of state, does the SR-22 requirement follow you? The answer is usually yes. Almost all states, besides a handful, require drivers to maintain SR-22 insurance. States determine the amount of time and other requirements associated with SR-22.

What states require SR-22?

Most states require an SR-22, with the exceptions being Delaware, Kentucky, Minnesota, New Mexico, New York, North Carolina, Oklahoma, and Pennsylvania.

Who has the best rates for SR-22?

The Companies With the Cheapest SR-22 Insurance Quotes
  • USAA is the cheapest car insurance company for drivers with a SR-22 at an an average of $838 per year. ...
  • Progressive is the second cheapest insurance provider and it is widely available, with an average annual rate of $1,058 for drivers convicted of a DUI.

What does SR-22 insurance cover?

An SR22 is there to cover property damage and any liability arising from an accident in which the covered driver is involved. It is considered a “financial responsibility” insurance because it covers the driver's liability to others who may be involved in an accident.

Do I need an SR-22 to reinstate my license?

Yes, you usually need SR-22 insurance after a suspended license. Filing an SR-22 is often a requirement for a driver to reinstate their suspended license, but it does not allow someone to drive while the suspension is still in effect.

What is an SR-22 in Colorado?

SR-22 insurance is mandatory for Colorado drivers convicted of a severe traffic offense, like driving with a suspended license or reckless driving. SR-22 is a form filed by the insurer that assures the government that the convicted driver's auto insurance meets the state's minimum requirements.

What is SR 21 insurance?

The SR-21 is common for the state of Indiana's SR-21, Certificate of Compliance. ... The form certifies that the motorist was covered on the day of the automobile accident and has to be presented to the Indiana Bureau of Motor Vehicles (BMV) within ten days of the automobile accident.

How do I get rid of an SR-22?

To get an SR-22 removed, a driver needs to contact their insurance company once they are no longer required to have the SR-22 on file with their state DMV. While each state has its own rules for how long drivers must maintain an SR-22, it can usually be removed after 3-5 years.

Which states do not require SR-22?

States That Do Not Require SR22
  • Delaware.
  • Kentucky.
  • Minnesota.
  • New Mexico.
  • New York.
  • North Carolina.
  • Oklahoma.
  • Pennsylvania.

How long is DL good for?

California Vehicle Code Section 12816(a) says that most California driver licenses are good for five years and expire on the driver's birthday. There are instances in which a license can expire in a shorter time period, however.

What's the difference between SR-22 and FR44?

The FR44 certificate is used in Virginia and Florida only as of today. This certificate shows you carry more than the bare minimum coverage required for the SR22 certificate. The FR44 certificate actually requires you to carry at least double the amount of liability coverage needed for the SR22.

What is an operator's policy?

An operator's policy is different than standard liability insurance. This insurance coverage insures the driver or operator, not the car. In other words, the driver or operator would be insured no matter what vehicle was driven.

Is SR-22 the same as liability insurance?

People may mistakenly refer to it as "SR-22 insurance." An SR-22 is not insurance ─ it's simply a document provided by your insurance company that proves you have liability coverage on your car insurance policy.

Does Geico cover DUI accidents?

Yes, Geico will insure you with a DUI. ... Geico insurance after a DUI conviction will cost 140% more than a Geico policy costs for drivers with a clean driving record. After the DUI conviction stops showing up on your driving record, usually within 3 to 5 years, Geico will decrease your rates.

What does SR-22 stand for?

In the United States, an SR-22 (sometimes referred to as a certificate of insurance or a financial responsibility filing) is a vehicle liability insurance endorsement required by most state Department of Motor Vehicles (DMV) offices for "high-risk" drivers.

How long is SR-22 required Texas?

According to the Texas Department of Public Safety, the SR-22 is required for two years from the date of crash, date of conviction or date the judgment was rendered. You can look up details of SR-22 insurance in Texas at the state's public safety website.

How much is an SR-22 in Missouri?

How much does SR-22 insurance cost in Missouri? SR-22 insurance in Missouri costs an average of $636 per year, an increase of 8% compared to standard car insurance rates. In addition to an increased premium, it costs between $15 and $25 to file an SR-22 form in Missouri, depending on the insurance company.