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kupicoo/Getty Images September 19, 2022 Elizabeth Rivelli is a contributing insurance writer for Bankrate and has years of experience writing for insurance domains such as The Simple Dollar, Coverage.com and NextAdvisor, among others Maggie Kempken is an insurance editor for Bankrate. She helps manage the creation of insurance content that meets the highest quality standards for accuracy and clarity to help Bankrate readers navigate complex information about home, auto and life insurance. She also focuses on ensuring that Bankrate’s insurance content represents and adheres to the Bankrate brand. Bankrate logo The Bankrate promise
At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money. Our content is backed by LLC, a licensed entity (NPN: 19966249). For more information, please see our Insurance Disclosure. Bankrate logo The Bankrate promise
Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. We’ve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next. Bankrate follows a strict , so you can trust that we’re putting your interests first. All of our content is authored by and edited by , who ensure everything we publish is objective, accurate and trustworthy. Our insurance team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most — price, customer service, policy features and savings opportunities — so you can feel confident about which provider is right for you. We guide you throughout your search and help you understand your coverage options. We provide up-to-date, reliable market information to help you make confident decisions. We reduce industry jargon so you get the clearest form of information possible. All providers discussed on our site are vetted based on the value they provide. And we constantly review our criteria to ensure we’re putting accuracy first. Bankrate logo Editorial integrity
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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. If you’ve had your license suspended, you may have also received a notice from the DMV to file an SR-22 in order to have your license reinstated. An SR-22 isn’t a car insurance policy — instead, it’s a certificate filed by your car insurance company on your behalf stating that you meet the minimum car insurance requirements in your state. However, not all offer SR-22 forms. Drivers who need one should understand what an SR-22 form is and how to purchase and file one to have their license reinstated. Compare rates and save on auto insurance today! Get quotes Close X RatesRates keep going up in 2022. Compare rates and save on auto insurance today! Get quotes Close X This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare auto insurance rates
Answer a few questions to see personalized rates from top carriers. Save on auto insurance with quotes from trusted providers like: Drivers switch & save an average of $750+/year Arrow Right Are you overpaying for auto insurance? Arrow Right Safe drivers choose Allstate Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. See more providers in Choose from insurers in Show More RATE INCREASE ALERT Rates increased up to 12% this year
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Answer a few questions to see personalized rates from top carriers. Save on auto insurance with quotes from trusted providers like: Drivers switch & save an average of $750+/year Arrow Right Are you overpaying for auto insurance? Arrow Right Safe drivers choose Allstate Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. See more providers in Choose from insurers in Show More What is SR-22 insurance
Despite what the name may suggest, SR-22 insurance is not a . An SR-22 is an endorsement that is added to your car insurance policy and states that you hold the minimum required amount of car insurance in your state. It is also referred to as a certificate of financial responsibility. If you commit a serious traffic offense, your state’s department of motor vehicles may notify you that you need to file an SR-22 with the DMV. Only your auto insurance provider is able to file an SR-22 for you. Depending upon your state of residence and specific correlating offense, the SR-22 requirement may be removed after a few years or it may remain there for a prolonged period of time. In some states, the form name and required insurance levels can vary depending on the offense. Florida and Virginia, for example, require an with significantly higher liability limits than state minimum if convicted of DUI/DWI. Why would you need an SR-22
Typically, adding an SR-22 component to your existing insurance is not done voluntarily. Instead, the state may require this documentation after you have had a serious driving incident or conviction, in order to prove that your insurance has not lapsed in the course of events. Drivers may be required to have an SR-22 in the following situations: The driver was charged with a The driver was charged with reckless or negligent driving The driver was charged with multiple traffic offenses in a short time period The driver was caught The driver was involved in an accident while driving without insurance The driver was pulled over while not carrying car insurance in the registered vehicle It is sometimes required in order to reinstate a driver’s license after a suspension If you are faced with an SR-22 requirement, the good news is that it will not last forever. Most states require you to carry it for one to five years, provided that adequate insurance is continuously maintained during that time. If there are lapses in coverage, the clock may start all over again on the requirement, or your license could even be revoked. How do you get an SR-22
Obtaining an SR-22 is typically a fairly simple process once you have enacted a policy with the required levels of coverage. Filing an SR-22 form requires the participation of your insurance provider. If your company has the option of an SR-22, it may be as simple as calling up your insurance agent to inform them of the change, or going online to add it on to your existing policy directly. From there, your car insurance company will contact the state Department of Motor Vehicles. Although you will pay a fee for the additional service, your provider is responsible for filing the necessary paperwork with the state. If your company does not give you the option to file an SR-22 form — or the corresponding form required in your state — you may need to shop for a new policy in order to be able to obtain a form and coverage under a high risk provider. Keep in mind that even if you do not have access to a car of your own at the moment, you may still be required to meet the SR-22 requirements. In that instance, you will want to get a . It will help cover you against liability claims if you happen to get behind the wheel on occasion, and it will keep you up-to-date on your insurance requirements associated with an SR-22. Companies that will file an SR-22
Getting a policy to satisfy SR-22 requirements may not be as easy as purchasing regular car insurance. It is risky for insurance companies to cover drivers who have a history of serious traffic violations. Because of that, not every insurance provider offers SR-22s. Here are some of the companies that specialize in high-risk drivers: How much does an SR-22 cost
Getting an SR-22 form filed on your behalf, in itself, will not be a huge expense. With most car insurance companies, adding this component onto your insurance policy is only a matter of paying a small fee. The exact fee may vary by state or provider, but you can generally expect the cost to be somewhere around $25 to $50 to fulfill this requirement. Will an SR-22 increase your rates
Ultimately, your will likely be affected if you have to get an SR-22. But it is your infraction — the event that caused you to need SR-22 insurance in the first place — that will cause you to be labeled as a high-risk driver and raise your premium. Sometimes your rate can change dramatically, such as with DUI convictions. However, the amount may be less for a different charge, like driving without insurance. The best thing that you can do to secure an is to shop around and . Even high-risk insurers will offer different depending on your circumstances. You will find the best rate by collecting a few different quotes and comparing them. What are the different state laws around SR-22s
While most states use an SR-22 filing as assurance that you are covered, not all of them follow this method. Eight states, including Delaware, Kentucky, Minnesota, New Mexico, , , Oklahoma and , do not. However, most still mandate every driver to have specific minimum liability coverage amounts in place with an active policy. Some, like Minnesota, still require you to file proof of insurance with the state. In or , you will likely be required to obtain an FR-44 form with the state instead of an SR-22 form, depending on the severity of the infraction. For the most part, this form works very similarly to the SR-22, except it requires you to carry more than the normal insurance minimums in those states. It is important to note that, if you move out-of-state while under this restriction, you will still be subject to the SR-22 requirements of the state where your driving incident occurred. You will still have to maintain your SR-22 filing for as long as is mandated, even if your new state does not require such coverage. In this case, it may be best to work with a national insurance carrier that offers out-of-state SR-22 options. Frequently asked questions
Is an SR-22 a one-time fee
Yes, an insurance company will only charge you once for the SR-22 filing. It is not an additional premium on your car insurance policy that you’ll need to pay at every renewal. For that reason, cheap SR-22 insurance is relatively easy to find. Keep in mind that we’re only referring to the actual fee here. As mentioned, if you need an SR-22, you may be categorized as a high-risk driver, which means your premiums are likely to be higher than normal until your driving record is clean again.
How long do I need to have an SR-22
If you have to get an SR-22, it will not be on your record forever. Typically, you will be required to carry it for three years, assuming that you do not have any lapses in your insurance coverage.
Does my state require SR-22 insurance
Currently, there are only eight states that do not follow the SR-22 system. Those states include Delaware, Kentucky, Minnesota, New Mexico, New York, North Carolina, Oklahoma and Pennsylvania. Also note that Florida and Virginia may require high-risk drivers to carry FR-44 insurance, which is similar to an SR-22. In these states, the SR-22 requirement is specific to non-DUI high-risk offenses. SHARE: Elizabeth Rivelli is a contributing insurance writer for Bankrate and has years of experience writing for insurance domains such as The Simple Dollar, Coverage.com and NextAdvisor, among others Maggie Kempken is an insurance editor for Bankrate. She helps manage the creation of insurance content that meets the highest quality standards for accuracy and clarity to help Bankrate readers navigate complex information about home, auto and life insurance. She also focuses on ensuring that Bankrate’s insurance content represents and adheres to the Bankrate brand. Related Articles