SR-22 and Collision Coverage: What to Know
SR-22 and collision coverage are required if you're still financing a vehicle and have a bad driving record. High-risk drivers pay up to 50% more for full coverage auto insurance. However, specific personal factors can lower SR-22 and collision car insurance rates. Shop and compare multiple companies to secure affordable SR-22 and collision insurance quotes today.
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UPDATED: Jul 1, 2021
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- SR-22 insurance is required when you have too many accidents and traffic violations on your driving record
- You can pay up to 50% more on auto insurance if you have SR-22
- Collision coverage is required when you’re still financing your vehicle
SR-22 and collision coverage insurance don’t usually go together. However, specific conditions may require you to buy SR-22 and collision coverage.
But SR-22 is known for being expensive. There are a lot of factors that go into whether affordable SR-22 and collision coverage are available. But don’t worry – we’re here to help.
Our guide explains everything you need to know about SR-22 and collision coverage rates, why you need an SR-22 form, and when you need collision coverage.
After you finish reading about SR-22 and collision coverage quotes and other details, enter your ZIP code in the comparison tool above to compare free SR-22 insurance quotes from multiple companies near you.
What should I know about SR-22 and collision auto insurance?
SR-22 certification is designed for high-risk drivers who need to prove that they have the minimum car insurance requirements.
An SR-22 form costs between $15 to $35 to file. However, most auto insurance companies charge $25.
Collision auto insurance isn’t part of the minimum auto insurance requirements, but some conditions require you to have it. Read on to learn more.
Why do I need SR-22 and collision coverage and who should get it?
If you’ve had too many accidents, are charged with a DUI, or have too many traffic violations, you’ll need SR-22.
Drivers who still make payments for their vehicle are required to carry full coverage car insurance. Full coverage is when you add collision and comprehensive auto insurance to your policy.
The SR-22 portion shows that you have liability car insurance. You’re welcome to get a higher coverage level, but you’ll pay more for auto insurance.
How much do SR-22 and collision insurance cost?
Car insurance is more expensive when SR-22 is attached. You can end up paying between 30% and 50% more with SR-22 insurance rates. Here’s an example of how SR-22 affects auto insurance per month.
- Full Coverage Auto Insurance Rates w/ SR-22 – $135/mo
- Average Full Coverage Auto Insurance Rates – $90/mo
These car insurance rates are based on a database from the National Association of Insurance Commissioners (NAIC). Your rates will vary by company and other personal factors.
If you happen to have good credit, you may qualify for cheap SR-22 insurance.
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Where can you get SR-22 and collision auto insurance?
Most car insurance companies provide collision coverage. Therefore, the auto insurance companies that do business in those states can provide SR-22 forms and collision coverage.
Can I buy SR-22 and collision insurance with no car?
To get SR-22 insurance without a vehicle, you’ll need to buy non-owner car insurance. However, you won’t get collision insurance. Non-owner auto insurance only provides liability.
How long does SR-22 and collision coverage last?
SR-22 usually lasts for three years. Some states have an SR-22 filing period that lasts for two years, and a few have SR-22 terms up to five years. North Dakota is the only state that provides SR-22 periods for one year.
Collision insurance lasts until you decide you don’t need it anymore. As long as you’re making payments on your vehicle, it would be best if you kept collision auto insurance.
SR-22 and Collision Coverage: What’s the bottom line?
You need SR-22 insurance if you are a high-risk driver. Collision insurance is part of full coverage. Although it’s optional, auto loan lenders require borrowers to get full coverage to protect their vehicle until the loan is repaid in full.
Now that you know more about SR-22 and collision coverage, use our free online quote tool below to compare quotes from multiple companies near you and secure affordable auto insurance.