How SR-22 Affects Your Auto Insurance Rates

If you’ve been told you need an SR-22, you might be wondering what it means for your driving record and your auto insurance costs. While it’s often referred to as “SR-22 insurance,” the SR-22 is not a type of policy. Instead, it’s a form your insurer files with the state to verify that you carry the required minimum liability coverage.

Why Drivers May Need an SR-22

An SR-22 requirement is usually linked to a driving-related incident, such as a DUI conviction, multiple traffic violations within a short period or driving without insurance. States use the SR-22 filing to monitor high-risk drivers and confirm that they remain insured for a set period of time.

How It Impacts Insurance Rates

Carrying an SR-22 often leads to higher premiums. This increase is less about the form itself and more about the circumstances that required it.

Insurers typically view drivers with SR-22 filings as higher risk, which can result in adjusted rates. The length of time you must keep the filing depends on state laws, but it’s often three years. Once this period ends and your record improves, you may see your rates gradually decrease.

Steps You Can Take

While an SR-22 may raise your insurance costs, there are steps you can take to help manage expenses. Maintaining continuous coverage without lapses, practicing safe driving habits and comparing quotes when your filing period ends can all make a difference.

Over time, a clean record may help you regain access to more affordable options.

Learn More

An SR-22 can feel overwhelming at first, but understanding how it works can make it easier to navigate. Contact us today to review your auto insurance needs with T1 Insurance LLP.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.