How much does SR-22 insurance cost in Alaska?

You can get your SR-22 removed in Alaska after 3-20 years or the rest of your life, depending on the offense by notifying your insurance company, which will cancel the SR-22 filing with the state. Sometimes, the DMV will send you a notice letting you know when your SR-22 period is over.... read full answer

If you’re not sure whether you’ve satisfied your SR-22 certification requirement, you can find out when you’ll be able to remove the high-risk SR-22 label from your driving record by contacting the DMV. Drivers who cancel their SR-22 coverage too early risk having their license suspended or facing fines.

Once you cancel your SR-22, your insurance premiums will likely go down because you are no longer considered as high-risk. As a result, you should get quotes from different insurance companies to make sure that you’re still getting the best deal. Additionally, if you do not own a car but were previously required to file a non-owner SR-22, you are free to cancel your insurance altogether.

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 answerhigh-risk driver, which explains why your insurer will charge you more than the average policyholder for coverage.

SR-22 Insurance Cost by Company

Factors That Affect SR-22 Insurance Costs

Premiums vary based on infraction, company, state, and individual driver. How much coverage you buy also makes a difference in cost. For instance, if you only buy the minimum amount of insurance required by your state, you can fulfill your SR-22 requirement for a lower price than if you purchased a full coverage policy. And since you only need to have an SR-22 for 1-5 years, depending on the state, your premium will eventually go back down.

To learn more, check out WalletHub’s complete guide to SR-22 insurance.

An SR-22 in Alaska is a certificate proving that a high-risk driver has the legal requirements for car insurance in Alaska. So-called SR-22 insurance raises annual car insurance premiums by roughly $67 in Alaska, compared to standard rates. In addition, there’s usually a fee of $15 to $25 for your insurance company to file your SR-22 documentation with the state. ... read full answer

Your SR-22 must be maintained with Alaska’s licensing agency for 3-20 years or the rest of your life, depending on the offense, according to Alaska law. If your insurance coverage lapses during that time, your insurance company is required to report you to the state. Your SR-22 period resets in that case, and you are required to pay any SR-22-related fees again.

What You Need to Know About SR-22 Insurance in Alaska:

• Who Needs SR-22 Insurance in Alaska? Alaska requires SR-22 documentation for drivers who are convicted of serious traffic violations. The list includes reckless driving, hit and run, and DUI, among other major offenses.

• How Much Does SR-22 Insurance Raise Premiums in Alaska? An SR-22 in Alaska increases car insurance costs by approximately $67. That is roughly 14% more than the average Alaska resident pays for car insurance.

• What is Minimum SR-22 Car Insurance Coverage in Alaska: Drivers need at least $50,000 in bodily injury liability insurance per person ($100,000 per accident) plus $25,000 in property damage liability insurance.

• How to File SR-22 Documentation in Alaska: Your insurance company will file the SR-22 certificate with the state for you. For the next 3-20 years or the rest of your life, depending on the offense, you need to keep your insurance policy active with no lapse in coverage.

Summary: SR-22 Insurance in Alaska