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Cheapest SR-22 Insurance in Oregon
- GEICO: $417 per year
- Country Financial: $542 per year
- USAA: $546 per year
- Travelers: $579 per year
- QBE Insurance: $604 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 Oregon 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 Oregon, 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.
People also ask
How do I get my SR-22 removed in Oregon?
You can get your SR-22 removed in Oregon after 3 years 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.
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...
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 CompanyWhat is SR-22 insurance in Oregon?
An SR-22 in Oregon is a certificate proving that a high-risk driver has the legal requirements for car insurance in Oregon. So-called SR-22 insurance raises annual car insurance premiums by roughly $65 in Oregon, 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.
Your SR-22 must be maintained with Oregon's licensing agency for 3 years, according to Oregon...
read full answer by WalletHub, Financial CompanyDid we answer your question?
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