New Mexico 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 123% more for car insurance than drivers with a clean record. For example, a reckless driving conviction in New Mexico raises insurance rates by an average of 107%.
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.
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.
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