- Understanding SR-22 insurance in Colorado
- How much does SR-22 insurance cost in Colorado?
- Average SR-22 insurance cost in Colorado by violation
- Non-owners SR-22 insurance in Colorado
- How long do you need an SR-22 in Colorado?
- Reasons for requiring SR-22 insurance in Colorado
- Tips to lower SR-22 insurance costs in Colorado
- Methodology
- SR-22 insurance in Colorado: FAQ
- Compare Colorado SR-22 rates with other states
Understanding SR-22 insurance in Colorado
SR-22 insurance isn't a type of insurance. It's a form your insurance company files with the state to prove you have the minimum car insurance required to drive in Colorado. SR-22 insurance generally refers to auto insurance coverage that requires an SR-22 filed by your insurance company for you.
Most drivers in Colorado don't need SR-22 insurance. Drivers who do need an SR-22 have been convicted of serious violations like reckless driving, DUIs, or multiple offenses in a short time. If you are required to file an SR-22, you will be informed of how long you need to keep it.
"Certain things trigger the requirement for an SR-22 filing, such as a DUI, having a lot of points on your license, getting into an accident without insurance, or having your license suspended or revoked. But in every case, the driver is notified by the DMV that they are required to have this form. You would have to check the box that you are required to have an SR 22 filing. The insurance company typically charges a fee to file or maintain that filing, which varies by insurance company," says Dorothy Cato with Skyway Insurance Services LLC in Monroe, North Carolina.
How much does SR-22 insurance cost in Colorado?
While filing an SR-22 form is typically inexpensive, the associated fines and increased insurance rates are costly. On average, SR-22 insurance in Colorado is $3,150 but varies significantly based on the driver and infraction.
Keep in mind that insurance rates vary from company to company, so shop around to find the cheapest SR-22 insurance available.
Average SR-22 insurance cost in Colorado by violation
Your insurance rates don't increase because of the SR-22. The SR-22 is required because of a violation, and it's the violation that increases your rates.
For instance, you may require an SR-22 for a DUI or driving without insurance. The car insurance rate increase will be based on the infraction, not the SR-22.
This table shows the average costs for violations requiring an SR-22. The rates vary depending on the violation.
| Violation | Average annual premium |
|---|---|
| Driving without insurance | $2,678 |
| DUI/DWI first offense | $4,054 |
| DUI/DWI second offense | $5,664 |
| Reckless driving | $4,044 |
| SR22 Filing Only | $3,150 |
| SR22 with 1 DUI | $4,780 |
SR-22 insurance cost by company for a first DUI
State Farm offers the cheapest car insurance for drivers after a single DUI at $2,081. Finding affordable SR-22 insurance after a DUI can be tough, but shopping around helps. Some insurance companies see a first DUI as a one-time mistake and may offer lower rates than others.
The table below shows how average insurance rates change after one DUI, based on the company. Insurance rates do go up after a DUI, but the increase isn't as high as it is for multiple violations.
| Company | Average annual premium | Average monthly premium |
|---|---|---|
| State Farm | $2,081 | $173 |
| Geico | $2,835 | $236 |
| Progressive | $3,439 | $287 |
| Allstate | $3,465 | $289 |
| Kemper | $4,172 | $348 |
| Auto-Owners | $4,659 | $388 |
| Farmers | $6,994 | $583 |
| USAA | $3,264 | $272 |
SR-22 insurance cost by company for reckless driving
The cheapest company for SR-22 insurance with a reckless driving conviction is State Farm at an average annual rate of $2,081. A reckless driving ticket may be handed out for a variety of driving behaviors, such as excessive speed, running traffic lights, texting while driving or tailgating. No matter the reason, reckless driving in Colorado leads to fines, higher car insurance rates and an SR-22.
Compare average rates for reckless driving from various insurers below.
| Company | Average annual premium | Average monthly premium |
|---|---|---|
| State Farm | $2,081 | $173 |
| Geico | $2,800 | $233 |
| Allstate | $3,465 | $289 |
| Progressive | $4,031 | $336 |
| Kemper | $4,172 | $348 |
| Auto-Owners | $4,659 | $388 |
| Farmers | $7,021 | $585 |
| USAA | $2,437 | $203 |
SR-22 insurance cost by company for driving without insurance
The cheapest company for car insurance after getting a ticket for driving without insurance is Geico, with an average rate of $1,715 annually.
Colorado requires that drivers carry at least a minimum amount of auto insurance. Failing to do so leads to fines, increased insurance rates, and an SR-22. Because failing to maintain minimum car insurance shows a lack of responsibility, insurers raise rates significantly.
The table below shows average rates by company for drivers who have had a lapse in coverage.
| Company | Average annual premium | Average monthly premium |
|---|---|---|
| Geico | $1,715 | $143 |
| State Farm | $2,081 | $173 |
| Kemper | $2,375 | $198 |
| Auto-Owners | $2,945 | $245 |
| Farmers | $4,060 | $338 |
Non-owners SR-22 insurance in Colorado
Colorado may require you to file an SR-22 form even if you don't own a vehicle as a prerequisite for reinstating your license. Drivers who sometimes borrow or rent a car can buy non-owner SR-22 insurance, which provides state minimum auto insurance coverage. A non-owner car insurance policy meets the legal requirements, and an SR-22 can be filed based on that policy.
It's important to note that non-owner car insurance only acts as secondary liability coverage when driving someone else's car. If you buy a car, you will need the proper insurance to drive it in Colorado.
How long do you need an SR-22 in Colorado?
Typically, Colorado drivers must maintain an SR-22 for three years. However, if you fail to maintain insurance during this time, the consequences can be severe. Not only will you be in violation of the law, but you may also face additional fines and penalties.
Reasons for requiring SR-22 insurance in Colorado
Most Colorado drivers don't need to file an SR-22. However, drivers who exhibit careless behaviors may be required to file an SR-22, which is typically required when the driver has to prove that they have the minimum liability insuranceLiability insurance covers sums that an insured becomes legally obligated to pay because of bodily injuries or property damage, or financial losses caused to other people. required by the state," says Cato.
Reasons you may need an SR-22 in Colorado include:
- DUI
- Reckless driving
- Multiple infractions in a short amount of time
- Failure to maintain auto insurance
- Refusing a breathalyzer
- At-fault accidents involving severe injuries or death
Tips to lower SR-22 insurance costs in Colorado
Although your insurance will increase if you need an SR-22, there are still ways to find affordable coverage.
Ways to lower auto insurance costs with an SR-22 include:
- Take advantage of all available discounts. Most insurers allow you to bundle discounts to maximize savings.
- Raise your deductible. Increase the amount you pay before insurance kicks in to lower rates.
- Take a defensive driving course. Some insurers offer a discount for taking a course, and some states remove points from your license, which can lower your insurance rates.
- Sign up for a usage-based program. If you can demonstrate good driving habits while they are being tracked, you could earn a discount.
- Shop around for SR-22 insurance. Compare rates from multiple companies to find the cheapest SR-22 insurance in Colorado.
Methodology
Insurance.com commissioned car insurance rates from Quadrant Information Services in late 2023 for a full coverage car insurance policy with coverage of 100/300/100 in liability and $500 deductibles. Rates are based on a 40-year-old driver with good credit driving a 2023 Honda Accord LX, with violations requiring an SR-22: One DUI, two DUIs, reckless driving and driving without insurance.
SR-22 insurance in Colorado: FAQ
What happens if I fail to maintain SR-22 insurance in Colorado?
The consequences may be severe if you don't retain insurance and fail to maintain your SR-22 filing. Possible consequences include:
- Revoked driver's license
- Fines
- Increased auto insurance
- Restarting your SR-22 time period
- Having your car impounded
- Jail time
Can I switch insurance providers while I have an SR-22 filing?
Yes, you can switch auto insurance companies if you have an SR-22. Yours new insurer must refile the SR-22 for you. Also, make sure your new policy is active with the SR-22 before canceling your old one.
Compare Colorado SR-22 rates with other states
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