Who has the cheapest rates for SR-22?
- Progressive is the cheapest SR-22 insurance provider that is widely available to most drivers, with an average annual rate of $1,058.
- State Farm is the second cheapest SR-22 insurance provider available to most drivers, with an average annual rate of $1,208.
Does having SR-22 make insurance go up?
Due to the fact that some insurers consider SR-22 drivers as high risk, your rate could increase. However, the increase to your policy’s rate will vary based on your ZIP code, vehicle, driving record, insurance history, and other factors.
What is SR-22 insurance?
An SR-22 is a certificate of financial responsibility required for some drivers by their state or court order. It serves as proof that the driver has purchased the minimum required auto coverage in the state. Depending on your situation and what state you live in, an FR-44 may take the place of the SR-22.