If you’ve been required to file an SR-22 in Texas, you might be wondering about the costs associated with it. While the SR-22 itself isn’t an insurance policy, it’s a certificate proving you have the minimum liability coverage required by the state. Here’s a breakdown of what you can expect when it comes to SR-22 insurance costs in Texas.
What is SR-22 Insurance?
SR-22 insurance is a certificate filed by your insurance company with the Texas Department of Public Safety (DPS) to prove that you meet the state’s minimum auto insurance requirements. This filing is often required for drivers with violations like a DUI, reckless driving, or driving without insurance.
How Much Does SR-22 Insurance Cost?
The cost of SR-22 insurance in Texas depends primarily on two factors:
- The Filing Fee: Most insurance companies charge a one-time filing fee of about $25 for submitting the SR-22 form.
- Higher Premiums: The major cost comes from the increase in your insurance premiums. Drivers with an SR-22 requirement are considered high-risk, which means insurance companies will likely charge you more for coverage.
On average, drivers in Texas with SR-22 requirements can expect to pay anywhere from $800 to $1,500 per year for their insurance. This is typically higher than the cost for drivers without an SR-22.
Factors Affecting SR-22 Insurance Costs
Several factors influence the cost of your SR-22 insurance in Texas:
- Driving History: Previous violations such as DUIs or other serious offenses can drive up your premiums significantly.
- Location: Insurance rates vary by city or county due to factors like accident rates and population density.
- Vehicle Type: Driving a newer or luxury car may increase your rates compared to driving an older or economy model.
- Coverage Requirements: If you choose coverage beyond the minimum requirements, your premium will be higher.
How Long Do You Need SR-22 Insurance in Texas?
Texas typically requires SR-22 insurance for two to five years. During this period, it’s important to maintain continuous coverage, as any lapses could result in additional penalties or an extension of your SR-22 requirement.
Tips to Save on SR-22 Insurance
- Compare Quotes: Rates vary by insurer, so shop around to find the best deal.
- Improve Your Driving Record: Adhering to traffic laws can eventually help lower your premiums.
- Bundle Policies: Some insurance providers offer discounts for bundling auto insurance with other policies like home or renters insurance.
- Complete Defensive Driving Courses: Taking approved defensive driving classes may qualify you for discounts.
Where to Find SR-22 Insurance in Texas
Many major insurance companies and specialty insurers offer SR-22 filings in Texas. Start by contacting your current provider to see if they offer this service; if not, seek out insurers who specialize in high-risk coverage.
Final Thoughts
The cost of SR-22 insurance in Texas can feel steep, but understanding how the pricing is determined and exploring ways to lower your premiums can help manage your expenses. Remember, the key is maintaining continuous coverage and clean driving behavior during the SR-22 filing period. By doing so, you’ll eventually be able to return to standard auto insurance rates.
If you’re looking for specific quotes or want personalized advice, reach out to an insurance professional to get the best coverage for your needs.