Cheapest SR-22 Car Insurance In Missouri For 2024
Finding the cheapest SR-22 insurance policy can be crucial for drivers in Missouri who need to file this form due to serious violations.
Throughout my insurance career, I’ve observed diverse rate increases for SR-22s, from minimal to substantial. Moreover, some insurers may refuse policies for SR-22 applicants, making it challenging to navigate eligibility criteria and pricing. I’ve conducted thorough research to simplify the process for you.
In this guide, we’ll explore various insurance options available in Missouri, helping you find the most budget-friendly SR-22 car insurance policy to meet your needs.
Our Methodology
In our search for the most competitive rates for individuals requiring SR-22 insurance, we tailored our quotes to reflect drivers with serious infractions like DUI or reckless driving. We provided a quote for a 2018 Honda Accord LX with full coverage for a 35-year-old male with average credit in Missouri. The coverage offered includes:
Bodily Injury: $50,000 per person/$100,000 per accident,
Property Damage: $50,000 per accident,
Uninsured/Underinsured Motorist coverage: $50,000 per person/$100,000 per accident, Comprehensive: $500 Deductible
Collision: $500 Deductible
Keep in mind that insurance rates can fluctuate based on factors like your location, driving history, and previous insurance coverage.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
Cheapest SR-22 Insurance Companies In Missouri
Below are the top three least expensive SR-22 insurance providers in Missouri offering liability coverage:
- State Farm – $441 Annually
- Progressive – $522 Annually
- American Family – $684 Annually
Cheapest SR-22 Insurance Policies With A DUI (Liability Only)
| Company | Annual Premium |
| State Farm | $441 |
| Progressive | $522 |
| American Family | $684 |
| Travelers | $758 |
| Kemper | $807 |
| Nationwide | $901 |
| Allstate | $904 |
| AAA | $1,084 |
| Shelter | $1,090 |
| Geico | $1,167 |
Cheapest SR-22 Insurance With Full Coverage
Here are the three most budget-friendly SR-22 insurance choices in Missouri for individuals seeking full coverage:
- State Farm – $1,034 Annually
- American Family – $1,176 Annually
- Allstate – $1,479 Annually
Cheapest SR-22 Insurance Policies With A DUI (Full Coverage)
| Company | Annual Premium |
| State Farm | $1,034 |
| American Family | $1,176 |
| Allstate | $1,479 |
| Travelers | $1,552 |
| Progressive | $1,585 |
| Nationwide | $1,773 |
| AAA | $2,315 |
| Shelter | $2,336 |
| Kemper | $2,426 |
| Geico | $2,598 |
What is SR-22 Insurance?
SR-22 insurance is a certificate that demonstrates proof of financial responsibility, typically required for individuals who have committed serious driving offenses such as DUIs or reckless driving.
It’s not actually an insurance policy, but rather a document filed by your insurance company with the state, indicating that you have at least the minimum required coverage. SR-22 insurance is often mandated by state authorities as a way to monitor high-risk drivers and ensure they are properly insured before regaining their driving privileges.
It’s essential to understand that SR-22 insurance comes with additional costs and requirements, and it’s crucial to comply with the terms to maintain legal driving status.
What is SR-22a Insurance
In some states, drivers might need to submit an SR-22a instead of a regular SR-22, especially if they’ve repeatedly breached financial responsibility laws or faced severe citations. Missouri, Georgia, and Texas are among the states that might demand this alternative form.
Cheapest Non-Owner SR-22 Insurance Companies In Missouri
If you’re in need of an SR-22 but don’t possess a vehicle, opting for a non-owner policy is your ideal choice. Below are the most economical non-owner SR-22 policies available in Missouri.
- State Farm – $518 Annually
- Travelers- $642 Annually
- Nationwide – $883 Annually
| Company | Annual Premium |
| State Farm | $518 |
| Travelers | $642 |
| Nationwide | $883 |
| Geico | $918 |
| Kemper | $1,151 |
| Progressive | $1,186 |
Average Cost Of SR-22 Insurance In Missouri
| Violation | Annual Premium (Liability Only) | Annual Premium (Full Coverage) |
| DUI | $836 | $1,827 |
| At-Fault Accident | $845 | $1,883 |
| Minor Violation | $739 | $1,645 |
How SR-22 Affects Car Insurance Rates
On average, drivers can expect their car insurance premiums to rise by about $993 per year when they need an SR-22. This increase is mainly because of past driving incidents that led to the SR-22 requirement, like a DUI conviction. Additionally, there’s a filing fee of $15 to $25 for the SR-22, and this is added to the higher premium. Once you no longer need the SR-22, removing it from your policy can help reduce the premium increase.
How To File An SR-22
Filing an SR-22 in Missouri involves several steps to ensure compliance with state requirements. First, if you’ve been instructed to obtain an SR-22, contact your insurance provider to inform them of the situation.
They will guide you through the process and help you understand any additional documentation required. Next, your insurer will file the SR-22 form with the Missouri Department of Revenue (DOR) on your behalf.
It’s essential to provide accurate information to avoid any delays or complications. Once filed, the DOR will notify you of the SR-22’s acceptance and the duration for which you must maintain it. Make sure to fulfill all obligations promptly to avoid further penalties or license suspensions.
Additionally, stay in touch with your insurance provider to keep track of any updates or changes regarding your SR-22 status.
How Long Do I Need To Have SR-22 Insurance?
The duration of time that an SR-22 is mandated differs across states. In Missouri, it’s mandatory to file for a minimum of three years, although this duration may extend to five years based on the violation. Moreover, even if you move out of the state, you must maintain the SR-22 as required.
Other Effects Of SR-22 Insurance
Besides impacting your car insurance costs, SR-22s can influence your ability to drive. Failing to secure an SR-22 within the specified timeframe or maintain it for the required duration could lead to the suspension of your driver’s license or vehicle registration by the state.
This could result in financial penalties and reinstatement fees as well. Additionally, not all insurance providers may be willing to offer policies for individuals requiring SR-22s, further restricting your options.
SR-22 Insurance State Requirements
Each state sets its own rules regarding SR-22 requirements, leading to variations across the country. Surprisingly, some states like Delaware, Kentucky, New Mexico, New York, North Carolina, and Oklahoma don’t mandate SR-22 filings. However, other states may demand proof of insurance beyond the minimum legal limits.
For instance, Florida and Virginia might ask for an FR-22 alongside an SR-22 for DUIs or DWIs. Arkansas and Indiana utilize different forms: Arkansas uses an SR-21 to verify coverage after certain accidents, while Indiana requires an SR-50 to confirm insurance dates following a DUI.
How Much Does Credit Score Affect SR-22 Insurance Costs
Your credit score plays a crucial role in determining your car insurance premiums. Generally, a lower credit score signals higher risk to insurance providers. Similarly, drivers requiring SR-22s are also considered high-risk individuals. Hence, if you have poor credit and need an SR-22, anticipate paying higher insurance rates.
On average, drivers with low credit scores pay 72% more for insurance compared to those with good credit. Moreover, SR-22s can elevate insurance rates by 18% or more. However, the precise increase varies depending on the insurance company.
Alternatives To SR-22
If your state mandates an SR-22, filing one becomes unavoidable. As mentioned earlier, certain states either don’t demand an SR-22 filing or might ask for alternative forms like SR-21, SR-50, or FR-22. To ascertain your specific requirements, reaching out to a local independent agent proves beneficial.
How To Get Cheaper Car Insurance In Missouri After A DUI
To secure more affordable car insurance in Missouri following a DUI, there are several steps you can take. Firstly, consider completing a defensive driving course, as this may demonstrate to insurance providers your commitment to safer driving practices.
Additionally, shop around and compare quotes from multiple insurers to find the best rates available. Some insurance companies specialize in providing coverage to high-risk drivers, so exploring these options may yield more affordable premiums.
Moreover, opting for a higher deductible could lower your monthly insurance payments, although it’s essential to ensure you can afford the deductible in case of an accident.
Lastly, maintaining a clean driving record moving forward and avoiding any further traffic violations can help lower insurance costs over time.
FAQs
Do you need SR-22 insurance if you don’t have a car?
It depends on your circumstances. If you’ve been mandated by the state to file an SR-22 but don’t own a car, you’ll still need to obtain non-owner SR-22 insurance.
How do you get rid of SR-22?
To remove an SR-22 requirement, you typically need to maintain continuous insurance coverage for the period mandated by your state, usually three to five years, without any lapses or violations.
How much does SR-22 cost?
The cost of SR-22 insurance varies depending on factors such as your driving history, location, and the insurance company you choose. On average, expect to pay an additional fee of around $15 to $25 for the filing itself, along with increased insurance premiums that can range from a few hundred to over a thousand dollars per year.
Sources
⇅- Missouri Department Of Revenue – Mandatory Insurance FAQs
