SR-22 Insurance in Texas: The Cheapest Companies and Average Costs | MoneyGeek.com

SR-22 insurance typically costs more than standard auto insurance due to the severity of the traffic violation. While the form itself only costs a small one-time fee, the related crimes can significantly increase your car insurance premiums. On average, the minimum SR-22 auto insurance coverage in Texas costs $988 per year when an SR-22 is filed due to a DUI. On the other hand, the average Texas auto insurance policy without an SR-22 costs about $643 a year.

While insurance can be more expensive after a serious violation, there are some affordable options to choose from if you want affordable sr-22 insurance in texas. Moneygeek found that the least expensive provider for sr-22 auto insurance in texas is farmers insurance, with an average annual price of $621 for a minimum coverage policy.

Reading: How much is sr22 insurance in texas

cheapest companies for sr-22 insurance in texas

Costs above are for a plan that meets the minimum Texas auto insurance requirements or a full coverage policy that covers $100,000 in bodily injury liability costs per person, $300,000 per accident, and $100,000 in property damage costs. Average insurance costs vary between providers, but tend to be exceptionally high if you need an SR-22. Other factors that can make SR-22 insurance more expensive include filing costs and loss of discounts. If you’re looking for the lowest rates for SR-22 coverage in Texas, it’s a good idea to compare quotes from at least three different providers.

If price isn’t your number one priority when it comes to auto insurance, we recommend checking out the top auto insurance companies in Texas.

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While it might be called “sr-22 insurance,” an sr-22 is not an insurance plan; it is a form that your insurer files with your state on your behalf indicating that you meet the minimum requirements for liability coverage. Drivers with serious violations such as DUIs and reckless driving must file an SR-22 form. Upon request, your insurance provider will file this form with the Texas Department of Motor Vehicles (DMV).

The violations that trigger an sr-22 insurance requirement can vary from state to state. in texas, these traffic violations will always require you to present an sr-22:

  • dui
  • reckless driving
  • driving without insurance coverage
  • driving on a suspended or expired license
  • generally, a minor violation does not automatically trigger the need for sr-22 coverage. Texas drivers looking for insurance after a ticket or accident can shop around to find lower rates, but won’t have to pay the high costs associated with SR-22 insurance.

    How long you need sr-22 insurance in texas depends on the conviction, but in most cases, it’s three consecutive years.

    if you need an sr-22, an insurance company must file the form with the state on your behalf. However, because needing an SR-22 classifies you as high risk, a provider might choose not to cover it. when you find coverage, keep in mind that it will be more expensive than it would be without an sr-22.

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    sr-22 non-owners insurance is the most economical and convenient insurance option for texas drivers who do not own a car. If you regularly rent or borrow a car, you’ll need to file an SR-22 form to prove you’ve purchased auto insurance in case you’re caught committing any of the major traffic violations in the state, such as a DUI or AT- fault accident.

    Non-owner auto insurance is more affordable than what car owners pay for regular auto insurance. The policy allows drivers who don’t own a car to save on their auto insurance premiums.

    On average, the cost of auto insurance for non-owners in Texas is $624 per year. this rate may vary depending on the insurance provider you choose. The cheapest provider of SR-22 non-homeowners insurance coverage in the state is State Farm, at about $359 per year. The second cheapest provider is usaa, averaging $375 per year, though it’s only available to current and former military.

    the average cost of sr-22 auto insurance for non-owners in texas

    Quotes used to determine non-owner auto insurance rates in Texas are for a driver with a DUI, purchasing a policy with $50,000 bodily injury liability coverage, $100,000 bodily injury liability per accident, and a $50,000 property damage liability limit per accident.

    If you’re a driver looking for sr-22 insurance in texas, you may have questions about rates, the form filing process, and available insurance providers. Find out more about these and other frequently asked questions below.

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