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

How much does SR-22 insurance cost in Michigan?

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This question is about SR-22 Insurance Guide

WalletHub, Financial Company

@WalletHub • 03/17/23 This answer was first published on 03/17/23. 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.

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SR-22 insurance in Michigan costs $1,399 per year on average, plus a filing fee of $15 to $25 for the SR-22 form your insurer submits on your behalf. In contrast, car insurance for drivers without an SR-22 costs an average of $1,300 per year.

Cheapest SR-22 Insurance in Michigan

Travelers: $158 per year
Secura Insurance: $183 per year
Wolverine Mutual Insurance: $376 per year
Chubb: $420 per year
Westfield: $591 per year

An SR-22 is a state-issued form verifying that a driver is carrying the minimum amount of car insurance coverage required by the state after they are convicted of a serious violation like DUI or reckless driving. Because an SR-22 designates the policyholder as high-risk, their insurance premium goes up while it’s on file with the state. Drivers in Michigan who need to file an SR-22 will also lose any discount related to good driving that they may have previously qualified for.

The effect of an SR-22 on the cost of insurance is only temporary, though. In Michigan, drivers only need to have their SR-22 on file for 3 years. After that, the driver’s premium will start to go back down, assuming they drive responsibly.

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

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WalletHub, Financial Company

@WalletHub • 09/05/22 This answer was first published on 02/10/21 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.

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SR-22 insurance in Michigan costs an average of $1,399 per year, an increase of 8% compared to standard car insurance rates. In addition to an increased premium, it costs between $15 and $25 to file an SR-22 form in Michigan, depending on the insurance company.

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

Answer Question

How do I get my SR-22 removed in Michigan?

You can get your SR-22 removed in Michigan after 3 years by notifying your insurance company, which will cancel the SR-22 filing with the state. Sometimes, the Secretary of State (SOS) will send you a notice letting you know when your SR-22 period is over.

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 Secretary of State (SOS). Drivers who cancel their SR-22 coverage too early risk having their license suspended or facing fines.... read full answer

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.

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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.

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What is SR-22 insurance in Michigan?

An SR-22 in Michigan is a certificate proving that a high-risk driver has the legal requirements for car insurance in Michigan. So-called SR-22 insurance raises annual car insurance premiums by roughly $100 in Michigan, 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 Michigan’s licensing agency for 3 years, according to Michigan 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 Michigan:

Who Needs SR-22 Insurance in Michigan? Michigan 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 Michigan? An SR-22 in Michigan increases car insurance costs by approximately $100. That is roughly 8% more than the average Michigan resident pays for car insurance.

What is Minimum SR-22 Car Insurance Coverage in Michigan: Drivers need at least $50,000 in bodily injury liability insurance per person ($100,000 per accident) plus $10,000 in property damage liability insurance. Drivers also need at least $250,000 in personal injury protection coverage (with some exceptions for drivers with Medicaid or Medicare) as well as $1,000,000 in property protection insurance.

How to File SR-22 Documentation in Michigan: Your insurance company will file the SR-22 certificate with the state for you. For the next 3 years, you need to keep your insurance policy active with no lapse in coverage.

Summary: SR-22 Insurance in Michigan

SR22 Needed After	Serious traffic violation and/or license suspension
Required For	3 years
Average Cost Increase	$100
Min. Bodily Injury Liability Coverage	$50,000 per person / $100,000 per accident
Min. Property Damage Liability Coverage	$10,000
Additional Coverage Needed	$250,000 in PIP$1,000,000 in PPI

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