How much does SR-22 cost?

Filing fees are minimal ($15-25), but insurance rates increase substantially due to high-risk status.

The cost of an SR-22 isn't just about the filing fee, which typically ranges from $15 to $25. The substantial cost comes from the fact that an SR-22 is required for individuals who are high-risk drivers, often due to serious infractions such as DUIs, multiple traffic offenses, or driving without insurance. Because of this high-risk status, insurance providers increase premiums significantly to cover the added risk they assume. The cost varies depending on several factors, including your location, the severity and frequency of your infractions, and the insurance company's underwriting policies. While the filing fee is a one-time charge, the increased insurance premium can add a substantial amount to your monthly or annual insurance costs over the duration that the SR-22 is required, which is typically three years.

Imagine Jane, who had her license suspended after a DUI conviction. To get her driving privileges reinstated, she's required to have an SR-22. Jane contacts her insurance company to file this form, which costs her $20. However, her monthly insurance premium jumps from $120 to $250 due to her now being classified as a high-risk driver. This increase will apply for the next three years until she no longer needs to provide proof of SR-22 coverage. This situation reflects how the true cost of an SR-22 goes beyond just the filing fee.

If you need an SR-22, shop around for insurance providers who specialize in high-risk policies, as they may offer more competitive rates. Consider bundling your insurance policies to qualify for discounts, or working with an agent who can negotiate better terms on your behalf. It's also important to practice safe driving to prevent further incidents that could prolong the need for SR-22 coverage or increase your premiums even more. Finally, keep documentation of your coverage to ensure there are no lapses, which could lead to additional penalties.