Receiving an SR22 in Colorado can be a shocking and stressful experience. This certificate of financial responsibility is issued by the Colorado Department of Motor Vehicles (DMV) to high-risk drivers. If you’ve found yourself at the present time in this situation, Cheapinsurance.com will help in understanding what is an SR22, how it affects car insurance quotes in Colorado, and steps to help with the initial shock of an issued SR22.
Key Takeaways:
- SR22 is for high-risk drivers in Colorado: Issued by the DMV, it indicates financial responsibility for accidents and multiple traffic offenses.
- Duration varies: It lasts at least 3 years but can be longer for serious offenses like DUI or reckless driving.
- SR22 insurance is more expensive: Insurance companies consider these drivers as higher risk, leading to increased rates.
- Maintain continuous coverage: Lapsing insurance will result in penalties and license suspension.
- Drive safely to avoid future SR22s: Responsible driving and avoiding traffic violations can reduce your risk of needing another SR22.
How Long Does an SR22 Stay on a Driving Record in Colorado?
The duration an SR22 remains on your record in Colorado depends on the underlying reason for its issuance; it’s a minimum of three years, but it can be longer, especially for more severe driving offenses like DUI or reckless driving.
It’s important to maintain continuous insurance coverage during the SR22 duration. If your policy lapses, the DMV will be notified, and you would face additional penalties.
How Much Will Be on a SR22 Insurance Quote?
SR22 insurance quotes are generally more expensive than standard auto insurance. This is because insurance companies consider drivers who require an SR22 to be at a higher risk for automobile insurance. The exact SR22 quote for insurance will vary depending on several factors.
- The severity of the driving violation: More severe offenses lead to higher insurance rates.
- Driving history: Previous accidents or violations can increase SR22 quotes.
- Age and gender: These demographics affect SR22 car insurance rates.
- Type of vehicle you drive: High performance or luxury cars often have higher vehicle insurance quotes.
- Location: SR22 auto insurance quotes vary by region.
- Insurance company: Different providers offer varying insurance prices.
What Insurance Coverage Is Needed with an SR22 in Colorado?
The minimum requirement for SR22 insurance in Colorado is typically the state’s minimum liability limits.
Collision coverage: This covers damages for a vehicle in an accident, regardless of fault.
Comprehensive coverage: This covers damages to a vehicle from non-collision incidents like theft, vandalism, or natural disasters.
Uninsured/underinsured motorist coverage: Protection when involved in an accident with a driver who doesn’t have insurance or enough coverage to pay for the accident.
Where Can I Find Affordable SR22 Insurance Quotes in Colorado?
Getting multiple insurance quotes from different companies is essential to finding affordable SR22 insurance quotes in Colorado. You can compare cheap insurance quotes online or by phone. Several online platforms specialize in helping drivers with SR22 requirements find the best cheap insurance quotes.
It’s important to work with a reputable insurance agent who understands what is needed for SR22 car insurance. They will search for the best affordable SR22 insurance quotes.
What Affects the Cost of SR22 Insurance?
As mentioned earlier, several factors influence the cost of SR22 insurance. The following are items affect the cost of SR22 car insurance:
- Credit score: A good credit score, on the positive side, leads to cheap car insurance quotes in Colorado.
- Discounts: Some companies offer insurance discounts for good students, safe drivers, or those who bundle multiple policies.
- Payment options: Paying it all upfront saves the fees that are assessed on monthly payments.
What Happens If an SR22 is Canceled?
Canceling an SR22 before the required period is illegal and can lead to severe consequences.
License suspension: The DMV will suspend your driving privileges.
Fines: Face substantial financial penalties.
Difficulty obtaining future car insurance: Automobile Insurance companies will view you as a higher risk.
How Can I Avoid Getting Another Issued SR22?
Preventing another SR22 involves responsible driving and adhering to traffic laws.
Defensive driving course. Completing a defensive driving course gets inexpensive auto insurance quotes and also demonstrate to insurers that you’re committed to safe driving.
Maintain a clean driving record. Avoid traffic violations and accidents to maintain affordable car insurance.
An SR22 is a temporary setback. Taking proactive steps to not repeat the previous driving habits, you can eventually return to regular car insurance rates.
