Let’s dive in and find cheap SR-22 Insurance
Car Insurance Gets makes it easy to find the cheapest SR-22 insurance.
The cheapest SR-22 insurance is from Geico and AAA, according to an analysis of 26 major insurers. In addition to relatively low premiums for drivers who need a cheap SR-22 insurance, these companies offer discounts that can help policyholders save even more on their high-risk coverage.
Cheap SR-22 Insurance Companies
- Geico: $512 per year
- AAA: $529 per year
- Wawanesa: $548 per year
- Grange: $566 per year
- USAA: $567 per year
- Progressive: $574 per year
- Mercury: $629 per year
- Travelers: $689 per year
- Esurance: $695 per year
- Auto-Owners: $697 per year
- Kemper: $699 per year
- Allstate: $781 per year
In addition to national insurers with cheap SR-22 insurance premiums, you should compare quotes from local insurers such as Wawanesa, Country Financial, and Hastings Mutual as they have the cheapest SR-22 insurance rates in certain states. For instance, Wawanesa has some of the cheapest rates in California.
On average, an SR-22 requirement will raise a driver’s premium by up to 18%. Additionally f your state requires you to have an SR-22, your insurance company will file the form with the DMV on your behalf and charge a $15-$25 filing fee. Therefore depending on your state, you’ll need to maintain your filing for 1-5 years.
Tips for Finding Cheap SR-22 Insurance
1. Shop Around
Considering how expensive SR-22 insurance is, it’s important to explore your options so that you can find the most affordable policy. It’s typically recommended that you compare quotes from at least three different insurance companies before purchasing a policy in order to find the best deal.
2. Look for Discounts
In addition to comparing quotes, you should also compare discounts between car insurance companies. If you have an SR-22, you likely won’t be able to qualify for discounts related to safe driving, but you can still find discounts that are based on your policy choices or your car.
For example, many insurers offer discounts for drivers who opt for paperless billing and pay for their entire policy in full up front. Additionally, you can often get a discount if your vehicle is equipped with certain safety features or anti-theft devices.
3. Consider Limiting Your Coverage
No matter what, you have to meet your state’s minimum coverage requirements in order to drive legally. But getting more coverage beyond that is up to you, and if you’re struggling to afford SR-22 insurance, then sticking with the minimum coverage may be the best choice. Keep in mind that if your car is leased or financed, you also need to meet your lender’s or lessor’s requirements.
4. Purchase a Non-Owner Policy
If you don’t own a vehicle, a non-owner car insurance policy is a great way to fulfill your state’s SR-22 requirement at a low price. Non-owner SR-22 insurance covers you when you drive rented or borrowed vehicles, and since it doesn’t cover a specific car, it’s usually less expensive than standard SR-22 insurance policies. However, this is only an option if you do not own a car and do not live with someone who does.