How much does a SR22 Insurance Policy cost?

The cost of SR22 insurance can vary depending on several factors, including:

  1. State requirements: Each state sets its own minimum coverage limits and duration requirements for SR22 insurance. The cost can be influenced by the mandated coverage levels in your specific state.
  2. Driving record: Your driving history, including the reason for needing SR22 insurance (such as a DUI/DWI conviction or multiple traffic violations), can impact the cost. Drivers with a high-risk record typically face higher premiums.
  3. Personal factors: Various personal factors can affect the cost, such as age, gender, marital status, and credit history. Insurance companies consider these factors when determining your premium.
  4. Insurance company: Different insurance providers have their own pricing structures and risk assessment methodologies. Rates can vary between companies, so it’s advisable to compare quotes from multiple providers.
  5. Coverage limits: The level of coverage you choose beyond the minimum required limits can impact the cost. Opting for higher coverage limits will generally result in higher premiums.
  6. Other discounts or surcharges: Some insurance companies offer discounts for safe driving records, bundling policies, or completing defensive driving courses. On the other hand, certain factors like a lapse in coverage, previous SR22 filings, or being classified as a high-risk driver can result in surcharges.

Given these variables, it’s challenging to provide an exact cost for SR22 insurance without specific information about your circumstances and location. However, it’s important to be prepared for potentially higher premiums compared to standard auto insurance due to the high-risk nature associated with SR22 filings.

To get an accurate cost estimate, it’s recommended to contact Fr44 &SR22 Insurance Experts with the necessary information, and request quotes tailored to your situation either by completing our form or by telephone.   This will allow you to compare prices and choose the most affordable option that meets your SR22 insurance requirements.