Colorado SR-22 Car Insurance

How Much Does SR-22 Cost in Colorado?

Colorado DMV will obligate you to acquire SR-22 insurance to reinstate your driving privileges if you have been convicted with DUI, acquired many points on your license, have been in an at-fault accident, and other violations. It is a prerequisite that your insurance policy meets the minimum liability requirements of Colorado to acquire SR-22 insurance. 

Drivers in Colorado who acquired at least one driving citation in the past pay more expensive car insurance rates. However, the increase in their car insurance policy in Colorado will depend on how serious and often the violation was done.

What is the rate of SR-22 insurance in Colorado?

Drivers in Colorado with SR-22 insurance pay higher rates in contrast to good drivers. SR-22 insurance in Colorado costs 50% more than the standard car insurance rate. Driving citations such as speeding tickets can also render an increase in your car insurance rates in Colorado. Thus, regardless of the kind of violation you commit, your auto insurance rate is bound to rise.

On the other hand, there are also ways to gain cheap SR-22 insurance in Colorado. Comparing rates from different car insurance companies will help you identify the one that will garner more affordable SR-22 insurance rates. You can also gather information about various policies from other companies and take into account your current driving profile. Additionally, you can hire an agent to help you come up with cheap SR-22 insurance in Colorado.

Colorado SR-22 Car Insurance Rates

There are several SR-22 insurance major players in Colorado. These car insurance companies intensively evaluate your driving history to determine your risk level. Insurers will then give your SR-22 car rates upon examining your recent driving profile, location, age, and vehicle type.

Colorado SR-22 Car Insurance Rates

As was mentioned, acquiring violations can increase your rates and will require you to apply for an SR-22. However, if you closely compare rates from different companies while looking at perks and discounts that qualify you will render cheaper rates for high-risk drivers like you. 

What is SR-22 Car Insurance in Colorado?

SR-22 insurance is the financial responsibility and stability proof of a high-risk driver. There are a couple of requirements when acquiring SR-22 insurance in Colorado. One is purchasing a car insurance policy that meets the standard level of the liability insurance policy. The other one is the filing of the SR-22 form to Colorado DMV, which must be done by your insurer on your behalf.

How Long Do You Need an SR-22 After an Accident?

Typically, the length of how long you will need SR-22 insurance is measured by the level of your violation or the severity of the damages.  Most of the violations will only render a three-year SR-22 insurance requirement. However, for more severe fractions of breaches and damages, it can last up to ten years. 

Being under SR-22 insurance, you will need to be prompt with payments and following the good driver rules. If you fail to do so, it is likely for your driving privileges to be suspended again and your car insurance policy to get canceled. Thus, any lapses can lead to non-renewable policies and driver’s license.

Colorado SR-22 Insurance Requirements

Colorado Non-Owner SR-22 Insurance

Three Forms of Financial Responsibility

You will not be eligible for non-owner SR-22 insurance in Colorado if you have a car that you frequently drive despite the car is owned by another person. But, for those who are qualified for non-owner SR-22 insurance, state-required liability insurance will be provided regardless of the kind of car you drive. On a brighter note, non-owner SR-22 insurance holders garner cheaper rates in contrast to those under an owner’s policy. It is one way to reduce your SR-22 insurance cost in Colorado after a violation.

Reasons for Filing an SR-22 Insurance in Colorado?

Colorado Car Insurance Rates After Common Violations

Common CitationAnnual Average Rate (with violation)Annual Average Rate (with no violation)
No Citations$1,746
At-Fault Crash at >$2,000$2,444$689
Speeding Ticket (21-25mph above limit)$2,055$301
Reckless Driving$2,376$611
Racing$2,526$769
Hit-And-Run$2,557$801
DUI/DWI$2,342$590

Colorado SR-22 Car Insurance

How To Get an SR-22 Insurance in Colorado?

If you have an ongoing car insurance policy, it can be easy to acquire an SR-22 after a violation. Directly contact your agent or car insurance provider and request them to file SR-22 insurance on your behalf. However, there are some insurance companies around Colorado that might refuse your request. Thus, the best thing to do is to look for another company that can cater to your needs.

Filing a ColoradoSR-22 Insurance for Insured Drivers

If you are insured and want to file SR-22 car insurance in Colorado, an additional cost will be billed to you for the whole process of the application. It is likely for some insurance companies to disqualify your application. However, there will be other companies that would be willing to sell you SR-22 insurance. 

Filing a Colorado SR-22 Insurance for Non-Owners

It can be tricky for non-owner drivers to acquire SR-22 insurance, but it also can be cheaper. All you need to do is concrete proof of your insurance to acquire the required certificates that were mentioned above.

The best thing to do is to purchase non-owners car insurance coverage before trying to apply for SR-22 insurance. It may take a lot of your time and effort, but being able to qualify for non-owners SR-22 insurance will help you garner cheaper rates since you will not be given coverage for your vehicle’s physical damage in cases of collision.

The bottom line is, it is better to prevent the obligation of acquiring SR-22 insurance as much as possible. Maintaining a good driving profile and intentionally avoiding road violations will keep on you the list of good drivers in Colorado, which, relatively, is the best way to keep your car insurance rate on the average level.

Colorado SR-22 Insurance FAQs

  • How much does SR-22 insurance filing cost in Colorado?

    The whole process of SR-22 insurance in Colorado will cost around $20 to $50.

  • What if I don’t have a license in Colorado; do I still need to apply for SR-22 insurance?

    Yes. If you have been mandated to acquire SR-22 insurance in Colorado, regardless of the situation, you will still need to get SR-22. If you fail to do so, you might face some legal issues.

  • What happens if I don’t need SR-22 insurance anymore in Colorado?

    If your mandate is completely finished, contact your DMV to point out that you already served your SR-22 insurance so you can again enjoy standard rates.

  • I let my SR-22 insurance lapse in Colorado; what happens next?

    Your insurance provider in Colorado will notify the DMV. It will then suspend your license. Hence, it is important never to let your SR-22 insurance lapse before the mandated period. 

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