Candace Baker, Car Insurance Writer
@candacebaker
Mercury charges a $15 to $25 filing fee for an SR-22, though the exact amount varies between states. In addition to the filing fee, SR-22 insurance from Mercury costs 42% more than a standard policy, since drivers who need an SR-22 are considered high risk.
Most states require drivers to have an SR-22 on file for 3-5 years after being convicted of a serious moving violation, like DUI or reckless driving. Once you no longer need an SR-22, your Mercury rate should start to go back down. In the meantime, there are still ways that you can keep your Mercury premium affordable, including taking advantage of discounts and temporarily limiting your coverage to your state’s minimum requirements.
To learn more, check out WalletHub’s guide to SR-22 insurance.
People also ask
What does SR-22 insurance cover?
SR-22 insurance covers the cost of other people’s injuries and property damage after accidents that you cause, and it does not cover damage to your own vehicle. If the court or state tells you that you need SR-22 insurance certification, your minimum coverage requirements are still the same as for any other resident.
SR-22 is actually the name of the form the court or state requires from drivers convicted of certain violations, such as...
read full answer by Merrill Burchell, Car Insurance WriterHow can you get an SR-22 removed?
To get an SR-22 removed, a driver needs to contact their insurance company once they are no longer required to have the SR-22 on file with their state DMV. While each state has its own rules for how long drivers must maintain an SR-22, it can usually be removed after 3-5 years. Since individual drivers do not handle SR-22 forms themselves, the insurance company will take care of the cancellation.
You can contact your...
read full answer by WalletHub, Financial CompanyHow much does SR-22 insurance cost per month?
SR-22 insurance costs an average of $62 to $122 per month, depending on the insurer and the offense that led to the SR-22 requirement. The DMV in your state will also charge a one-time fee to file the necessary paperwork.
It costs $25 to $50 to file an SR-22 form with the DMV, depending on the state. In addition to proving you have enough coverage to drive legally, the SR-22 flags you as a...
read full answer by WalletHub, Financial CompanyDid we answer your question?
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