How much is an SR-22?
The car insurance coverage you purchase that is associated with the SR-22 form will be rated according to all the normal rating factors that usually go into calculating the base rate of a car insurance policy, regardless of the SR-22 form filing.
It's not the SR-22 form that makes your car insurance policy more expensive; it's the accident or violation behind it that causes your rates to rise.
Typically, if you are required to carry the SR-22 certificate of financial responsibility, it is for reasons that cause your car insurance company to see you as more of a risk to them. Some reasons that a SR-22 may be required include:
- You've failed to provide proof to DMV that you have liability insurance.
- You've been convicted of driving without insurance.
- You've been involved in an uninsured accident.
- You’re applying for a hardship or probationary permit.
- You’ve been convicted of a DUI/DWI or certain other serious moving violations.
- You're found to be a habitual traffic offender.
- You're reinstating your driver's license after suspension or revoked license.
When you're seen as a high-risk driver, due to something your insurer sees on your driving record, your car insurance rates will be higher -- whether the SR-22 is required or not.
You need to realize that your motor vehicle record (MVR) is a major rating factor in the cost of auto insurance. Anything on your MVR, especially something serious that causes the state to mandate that you acquire and maintain the SR-22, will affect your car insurance premiums.
The more risk you pose to a car insurance company, the more money they'll charge you for your car insurance policy. So your coverage now will cost more due to whatever it is that your insurer sees on your driving record, not because of the SR-22 requirement.
There is a filing fee for SR-22 forms. Insurance companies are typically allowed to charge a nominal fee for filing the financial responsibility form (certificate) to the state. State laws differ, but the SR-22 form filing fee is typically only $15 to $25.
The filing fee is a one-time charge that you will need to pay when the insurer files the SR-22. You will not have to continue to pay the filing fee at each renewal. The only time you should have to pay more than the one time filing fee is if you allow your policy to lapse and your insurance provider has to re-file the SR-22 for you.
Because the filing fee differs by state and other factors, the fee is not normally included in the rate quote. The fee amount will be provided to you at the time of purchase if you have indicated that you need this certificate of financial responsibility.
Most companies can provide immediate proof of insurance via e-mail or fax. Processing of SR-22 requests depends mostly on whether your state accepts filings electronically.
Not all car insurance carriers offer to file the SR-22 for you, but you can still compare car insurance companies that do offer it and make sure you’re getting the most affordable car insurance possible.
Presently, the best way to obtain an SR-22 filing with CarInsurance.com is by contacting our call center toll-free at 1-855-430-7658. Our agents will help you obtain a quote for the coverage you need.
We work with insurers such as Direct General, Esurance, Infinity, Progressive and QBE for SR-22 filings. Not all insurance companies do business in all states, though.
This type of policy is typically deemed to be high-risk, so there may be limitations compared with a standard personal auto insurance policy. You should compare car insurance companies through our standard car insurance quoting procedure if you don't require a SR-22.