Jane Dotson
An SR-22 is a certificate of financial responsibility that is required by some states or court orders for drivers who are considered high-risk. It is not a type of insurance, but rather a form filed with the state's Department of Motor Vehicles to prove that the driver's auto insurance policy meets the minimum liability coverage mandated by state law. Aspen Insurance does not appear to offer SR-22 insurance, as it is not mentioned on their website or any other sources.
What You'll Learn
SR-22 insurance cost
SR-22 insurance is not actually a type of insurance but a certificate of financial responsibility or a "certificate of insurability" that is sometimes required for high-risk drivers. SR-22 is a form filed by your insurance company with your state that proves you have the state's minimum car liability insurance requirements. This form might also be called an "SR-22 bond" or "certificate of financial responsibility".
The cost of SR-22 insurance varies depending on the state and the insurance company. The cost to file an SR-22 is relatively inexpensive and typically costs about $25, but it can range from $15 to $50. This is a one-time fee that is paid when the SR-22 is filed and you will not have to pay more unless your policy lapses.
Having an SR-22 typically increases your auto insurance rates. The increase will be tied to whatever problem brought on the SR-22. For example, if you’ve been convicted of a DUI, caused an accident when driving without insurance, or racked up multiple traffic violations, you’ll pay more for car insurance based on those specific issues. The average SR-22 insurance cost is $3,270 a year for a driver with a DUI conviction.
The cost of car insurance with an SR-22 also varies depending on your state. Idaho has the cheapest rate at $2,174 a year for SR-22 insurance, while California has the most expensive rates, with an average of $5,593 a year.
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SR-22 insurance duration
The start of the SR-22 insurance duration also varies by state. In some states, it begins on the day of the incident, while in others, it may start on the license suspension or reinstatement date. It's important to note that not all states require an SR-22 filing after a driving offence.
If a driver cancels their car insurance policy before the SR-22 requirement ends, their insurer must inform the state, which could result in the suspension or revocation of their driver's license. Additionally, they may have to restart the SR-22 process from the beginning. Once the SR-22 requirement period ends, drivers should contact their insurance company to have the SR-22 removed.
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SR-22 insurance removal
Wait Out Your Filing Period:
Each state has its own minimum filing period, but typically it lasts for three years. It's crucial to check your state's laws and court documents to determine the duration of your SR-22 requirement. Make sure to wait out the entire period, as terminating your insurance early can result in serious consequences, including losing your license or paying additional fines.
Adhere to Court Orders:
If your SR-22 resulted from a DUI or similar charge, there may be additional court-mandated requirements, such as DUI education classes or treatment. Ensure that you comply with these requirements to avoid lengthening the timeline of your SR-22.
Confirm with the DMV:
Contact your local Department of Motor Vehicles to verify that your SR-22 requirement has ended. They can provide you with the exact date your infraction can be removed. Some states may send a letter notifying you that your SR-22 filing period is complete, but this is not common.
Contact Your Insurance Company:
Reach out to your insurance provider and inform them that you are eligible to end your SR-22. They will then cancel your filing and notify the DMV of the cancellation. Some insurance companies may require proof from the DMV, so you can request a letter from the DMV certifying the end of your SR-22 period.
Switch to Standard Insurance:
Once your SR-22 requirement is removed, you can switch to standard insurance. Maintaining vehicle insurance is essential to avoid potential issues in the future. If your SR-22 period is ending soon, you can explore insurance policies and consult with an insurance agent knowledgeable about high-risk driver insurance. However, do not make the switch until you are certain that your waiting period is over.
Switching Insurance Companies:
If you plan to switch insurance companies due to lower rates or dissatisfaction with your current provider, there are a few steps to follow. First, get SR-22 insurance quotes from different companies in your state to find the best rates. Then, start the new SR-22 policy before canceling the old one, ensuring that the new SR-22 is filed with the state. Wait a few days for the state to receive this information. Once you have confirmation that the new policy is in force and the SR-22 has been filed, you can cancel the old policy.
In summary, removing SR-22 insurance involves waiting out the filing period, adhering to any court orders, confirming with the DMV, contacting your insurance company, and switching to standard insurance. If you're changing insurance providers, follow the steps outlined above to avoid penalties. Remember that SR-22 insurance removal is a process that requires careful attention to detail and adherence to the necessary steps.
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SR-22 insurance companies
An SR-22 is a certificate of financial responsibility that some states require drivers to have. It is not a type of insurance but a form filed with your state's Department of Motor Vehicles (DMV) by your insurance company. The form serves as proof that your auto insurance policy meets the minimum liability coverage mandated by the state.
SR-22 insurance is required for drivers who are considered high-risk. This includes people who have been convicted of driving violations such as DUI, driving without insurance, or multiple traffic violations. SR-22 insurance is more expensive than standard insurance policies because insurance companies consider SR-22 drivers high-risk. The cost of SR-22 insurance varies depending on the company and state but is generally between \$15 and \$50.
- GEICO
- AAA
- Wawanesa
- Grange
- Progressive
- Mercury
- Travelers
- Esurance
- Auto-Owners
- Kemper
- Allstate
- State Farm
- Country Financial
- USAA
- The General
- SafeAuto
If you are required to have SR-22 insurance, you should contact your insurance company to add the SR-22 endorsement to your existing policy. They will then file the SR-22 form with the relevant state authority.
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SR-22 insurance non-owners
SR-22 insurance is a
Non-owner SR-22 insurance is for people who need to meet their state's SR-22 requirements but do not own a car. This type of insurance is typically for drivers who borrow a friend or family member's car occasionally, or who use a rental car. It is much cheaper than a standard car insurance policy because the driver is not on the road as often, but it is only considered a secondary form of coverage. This means that if a driver with a non-owner SR-22 insurance policy damages a borrowed car, the car owner's insurance will pay out first, and the non-owner policy will cover any additional costs.
To obtain a non-owner SR-22 insurance policy, you will need to contact an insurance agent and inform them of your situation. They will guide you through the process and SR-22 requirements, and can even electronically complete and file the required SR-22 forms for you, where allowed. Non-owner SR-22 insurance typically requires you to meet a minimum amount of bodily injury and property damage liability coverage per person and accident, and these minimum coverage requirements vary by state. Most states require drivers to keep an SR-22 on file for at least three years, but this can vary depending on the state and the severity of the offence.
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Frequently asked questions
SR-22 is a certificate of financial responsibility that proves you have car insurance meeting the minimum coverage required by law. It is not a type of insurance but a form filed with your state's DMV, which is required for some high-risk drivers.
You will need to request an SR-22 form from your insurance company, and they will file it on your behalf. Not all insurance companies offer SR-22 filings, so you may need to switch to one that does.
The cost of SR-22 insurance varies depending on the reason for the SR-22 requirement and your state. The form itself typically costs around $25 to file, but the increase in insurance rates can be significant, especially for DUI convictions.
