You need an SR-22 if you were convicted of a serious moving violation, such as reckless driving, DUI or driving without insurance. An SR-22 allows you to keep or reinstate your license after serious driving offenses and proves to the state that you have at least the minimum amount of car insurance required by law. It’s also referred to as a “Certificate of Financial Responsibility.”
Why You Would Need an SR-22
You are convicted of DUI, DWI, hit and run, reckless driving, or other serious offenses
You accumulate too many moving violations in a short period of time (four speeding tickets in 12 months, for example)
You are caught driving without the required amount of insurance
Drivers who need their insurance company to file an SR-22 with the state on their behalf are considered high-risk and often pay above-average rates. The amount of time you’re required to have an SR-22 on your insurance varies by state but is generally around three years. If you practice safe driving, you will begin to see your insurance premiums decrease after that.
To get an SR-22 removed, a driver needs to contact their insurance company once they are no longer required to have the SR-22 on file with their state DMV. While each state has its own rules for how long drivers must maintain an SR-22, it can usually be removed after 3-5 years. Since individual drivers do not handle SR-22 forms themselves, the insurance company will take care of the cancellation.… read full answer
You can contact your state’s DMV to find out exactly when your SR-22 filing period ends. Once you confirm that you no longer need an SR-22, you can call your insurance company and let them know. Your insurer will then notify the DMV that they have cancelled the SR-22 filing.
You should never try to remove your SR-22 before the state-mandated period ends. If the DMV finds out that you cancelled your SR-22 insurance early, you could face serious consequences that include a driver’s license suspension, vehicle registration suspension, and hefty fees. In addition, you will likely have to start the SR-22 filing period all over again.
Finally, if you cancel your SR-22 insurance because you are switching insurance companies, you should cancel the old policy a few days after the new one begins. It can take some time for your state DMV to receive the new filing, and having the policies overlap by a few days helps you avoid a lapse in SR-22 coverage.
The difference between SR-22 and regular insurance is that SR-22 insurance is for high-risk drivers who are convicted of major moving violations, while regular insurance is for anyone who drives a car. The underlying insurance coverage is the same, but the SR-22 designation will make that coverage more expensive. An SR-22 is a form that an insurer files with the state to show that a driver has the legally required amount of insurance. Regular insurance does not require any sort of form.… read full answer
Key Differences Between SR-22 Insurance and Regular Insurance
Average Cost Per Year
$741 - $1,465
Who Needs It?
Anyone who drives a car
Where Is It Required?
39 States and the District of Columbia
Every state, though some allow you to forgo it by showing proof of financial responsibility
How Long Is It Required?
1 to 5 years, on average
As long as you own and drive a car
People who drive under the influence, drive without insurance, or are habitual traffic law violators may end up needing an SR-22 to help reinstate their license or meet their state’s legal requirements. SR-22 insurance usually costs significantly more than regular insurance because of the high-risk designation that comes along with offenses such as DUI and reckless driving.
To find out if you still need an SR-22, contact your local DMV office and ask if your SR-22 form has been filed for the required period of time. If it has, you can then contact your car insurance company and request that they remove your SR-22 filing with the state. Each state has its own requirements, but you usually only need an SR-22 for about … read full answerthree years.
You should never cancel your SR-22 filing if the DMV says you still need it. Doing so would result in penalties such as driver’s license suspension, vehicle registration suspension, and hefty fees. In addition, you would likely need to start the SR-22 filing period all over again.
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.