Tips for Finding Affordable SR-22 Insurance

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What Is SR-22 Insurance?

SR-22 insurance is not actually a type of insurance. Instead, it is a form that some drivers must file with the state to show they have the minimum required insurance coverage to drive legally. This requirement often applies to drivers with serious infractions such as DUIs, driving without insurance, or multiple at-fault accidents. Typically, drivers need to maintain an SR-22 filing for three years, but this can vary by state.

5 Tips for Finding Affordable SR-22 Insurance

Finding affordable SR-22 insurance can be challenging due to the higher risk associated with drivers who need it. However, there are several strategies you can use to lower your costs:

1. Shop Around

Insurance rates can vary significantly between companies. Shopping around and comparing rates from multiple insurers is the best way to find affordable coverage. You can contact companies directly or use tools like Experian’s auto insurance comparison tool to find the best rates.

2. Improve Your Credit

In many states, insurance companies consider your credit-based insurance score when determining your rate. Improving your credit score by paying bills on time, reducing debt, and keeping credit utilization low can help you qualify for lower rates.

3. Complete DUI Programs or Classes

If your SR-22 requirement is due to a DUI conviction, completing an alcohol education program may help reduce your premium.

4. Look for Discounts

Many insurance companies offer various discounts that can help lower your premium. These can include pay-in-full, autopay, paperless billing, and bundling discounts. Ask your insurer about all available discounts to see how they can affect your rate.

5. Increase Your Deductible

Increasing your deductible can lower your premium. However, this means you’ll have to pay more out-of-pocket if you need to file a claim. Weigh the potential savings against the costs of filing a claim to determine if this is the right option for you.

How to Get SR-22 Insurance

Getting SR-22 insurance involves a few simple steps:

Choose an Insurer

Not all insurance companies file SR-22 forms. Find an insurer that does, and if you have difficulty, consider companies that specialize in high-risk drivers.

Purchase Coverage

Select the types of coverage you need and choose your policy limits.

Notify Your Insurer

Inform your insurance company about your need for an SR-22 filing. Contact their customer service to give notice.

Have Your Insurer File the Form

Your insurance company must file the SR-22 form on your behalf. There is usually a filing fee, typically around $25.

Get Confirmation

Confirm with your state’s DMV that the SR-22 was filed. If not, follow up with your insurance company.

Maintain Coverage

Ensure your policy does not lapse. If it does, your insurer must notify the state, which can result in fines, penalties, or suspension of your license and registration.

The Bottom Line

Expect a rate increase if you need to file an SR-22. The amount depends on the infraction, your location, driving record, age, and other factors. Shopping around, comparing quotes, and asking about discounts can help you find more affordable coverage. Improving your driving habits over time is one of the best ways to reduce your rates.

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