How much does SR22 insurance cost? First, let me explain what an SR22 is and why someone would need an SR22.
SR22 insurance is required by DMV if you have not maintained car insurance. Even if your car is not drivable you can not cancel your insurance until your license plates have been turned into DMV. If you cancel your insurance policy and DMV does not have your license plates this action will trigger an SR22. You will incur fines from DMV and you will have to maintain SR22 insurance for usually 3 years.
The SR22 itself is a special filing (electronic filing) insurance companies have to do for you to report to DMV that you are insured and, if at any point, your insurance policy is cancelled DMV will get immediate notification and your SR22 requirement starts all over again.
Most insurance companies will not insure drivers who need an SR22 however there are companies who will and who actually specialize in this requirement. The rate for an SR22 depends on the company but most companies do not charge that much more for the SR22 itself. Your premium will be impacted if you’ve had a lapse in coverage and based on your driving history.
If you live in Virginia and need an SR22 visit our website www.theandrewagency.com and request a free quote.