How much does SR-22 insurance cost in Delaware? This question is about SR-22 Insurance Guide

How much does SR-22 insurance cost in Delaware?

Answer Question Report Abuse

This question is about SR-22 Insurance Guide

WalletHub, Financial Company

@WalletHub • 09/05/22 This answer was first published on 02/11/21 and it was last updated on 09/05/22.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

Permalink Report Abuse

Delaware does not require drivers to file an SR-22 at any point, but drivers who commit offenses that would warrant an SR-22 in other states can still expect to pay up to 103% more for car insurance than drivers with a clean record. For example, a reckless driving conviction in Delaware raises insurance rates by an average of 106%.

Note: Rates are an approximation based on a driver in Delawarewith minimum coverage. Actual rates will vary.

Answer Question

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

SR-22 Insurance Cost by Company

Company	Average Monthly Premium with an SR-22	Average Annual Premium with an SR-22
Geico	$46	$556
Progressive	$56	$669
USAA	$59	$713
Travelers	$62	$740
Liberty Mutual	$78	$936
Allstate	$80	$954
The Hartford	$80	$963
State Farm	$83	$999
Nationwide	$85	$1,020
Farmers	$91	$1,092

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.

show less

WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.

WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.

Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.

Ask a Question

140

Ask Question

Ask Your Question

WalletHub Transparency

We are committed to being fully transparent with our readers. Opinions expressed here are the author’s and/or WalletHub editors'. WalletHub editorial content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by any company. In addition, it is not any company’s responsibility to ensure all questions are answered.