If you are a driver, you may be wondering why you would need SR-22 insurance. Drivers normally need SR-22 insurance if they’re caught driving without insurance or a license or if they commit a DUI or other serious traffic violation. While an SR-22 doesn’t in and of itself automatically drive up your insurance costs, drivers who need an SR-22 often pay more for insurance because of past driving violations.
SR-22 Insurance Overview
In the United States, SR-22 insurance is a requirement for drivers who have committed certain driving offenses such as DUI or driving without insurance. The SR-22 is a certificate of financial responsibility that proves to the state that you have the minimum required insurance coverage. However, many drivers may find themselves struggling to find affordable SR-22 insurance policies.
What is an SR-22?
An SR-22 is a distinct form you may be required to file after committing certain driving violations. While an SR-22 form won’t necessarily increase your insurance company rates in and of itself, it’s often associated with violations that dramatically increase your rates, such as a DUI. In most circumstances, you’ll have to ask your insurance provider to file an SR-22 form on your behalf.
Most states demand an SR-22 form after certain violations. But some states, such as Virginia and Florida, need an FR-44 form, which is a similar form specifically for drivers convicted of DUIs that requires them to secure additional insurance coverage.
If you are mandated to have an SR-22 but don’t own a car, you should seek a non-owner car insurance policy with an insurer, which is generally cheaper than a standard policy.
Which Companies Offer SR-22 Filing?
- Allstate with an average annual cost of $903.
- Farmers with an average annual cost of $791.
- GEICO with an average annual cost of $1,116.
- Nationwide with an average annual cost of $958.
- Progressive with an average annual cost of $644.
- State Farm with an average annual cost of $614.
- Travelers with an average annual cost of $795.
The finest way to find the cheapest insurance with an SR-22 is to compare car insurance quotes from three different insurers.
How Much Is SR-22 Insurance?
Flexyinfo.com found that the drivers who need to file SR-22 insurance will pay $378 more per year for a state minimum coverage and $808 more per year for a full coverage policy.
Cheapest Sr-22 Insurance Car Companies
Holistically, we will discuss the cheapest SR-22 insurance car companies in 2023. Overall, the cheapest SR-22 insurance for you will rely on where you live and the nature of your driving violation. Here are the cheapest packages for you below.
Progressive
This is one of the cheapest SR-22 insurance car companies in 2023, offering a variety of coverage options that can be customized to meet your specific needs. The company has a user-friendly website where you can easily compare rates from different insurance companies. Additionally, Progressive offers discounts for safe driving, bundling policies, and paying in full.
Geico Geico
This brand is another affordable SR-22 insurance car company that you may want to consider. They present a variety of coverage options that can be tailored to meet your specific needs. Additionally, Geico offers discounts for safe driving, military personnel, and federal employees. The company also has a user-friendly website where you can easily manage your policy.
State Farm
State Farm is one of the largest insurance companies in the United States and offers affordable SR-22 insurance policies. Their plan has a variety of coverage options that can be customized to meet your specific needs. Additionally, State Farm offers discounts for safe driving, bundling policies, and having multiple vehicles insured.
Nationwide
This company is also an affordable SR-22 insurance car company that you may want to consider. They proffer assorted coverage options that can be tailored to meet your specific needs. Again, Nationwide insurance brand offers discounts for safe driving, bundling policies, and having multiple vehicles insured. The company also has a user-friendly website where you can easily manage your policy.
Esurance
Usurance is an online insurance company that offers affordable SR-22 insurance policies. They offer a range of coverage options that can be customized to meet your specific needs. Moreover, discounts are also made available as motivation for safe driving, bundling policies, and having multiple vehicles insured. The company also has a user-friendly website where you can easily manage your policy.
A Round-Up
At times, finding affordable SR-22 insurance policies can be a challenging task, but there are several companies that offer affordable options. Now you know the cheapest SR-22 insurance car companies in 2023. By considering these insurance companies, you can find an affordable policy that meets your specific needs and requirements. It’s important to compare rates and coverage options to find the best policy for you.
