Do you need SR22 insurance in Colorado but worry about the cost? We’ve got you covered with all the information you need to know about getting cheap SR22 insurance in Colorado. Keep reading to find out more.
What is SR22 Insurance?
First off, it’s essential to understand what SR22 insurance is before diving into getting it in Colorado.
SR22 is a certificate of financial responsibility that certain drivers are required to have in order to keep or reinstate their driver’s license following a serious driving-related offense. These offenses include DUIs, reckless driving, or multiple traffic violations in a short period of time.
The SR22 insurance form is only required in some states, including Colorado. It’s not actual insurance but rather a form that indicates you have insurance and that your provider has verified that you meet the state’s minimum requirements.
Keep in mind that the SR22 insurance requirement does not indicate that you are a high-risk driver or that you have a criminal record. Rather, it’s an administrative requirement that comes with certain driving violations.
How to Get Cheap SR22 Insurance in Colorado
Now that you know what SR22 insurance is, let’s talk about how to get it at a reasonable price. Here are some tips on how to get cheap SR22 insurance in Colorado:
Shop Around
Don’t settle for the first insurance provider that offers you an SR22 insurance policy in Colorado. Do your research and compare quotes from different providers to find the best price.
Consider Choosing a Higher Deductible
Choosing a higher deductible can lower your monthly premiums, making your SR22 insurance more affordable. However, make sure you have enough money set aside to pay your deductible in case of an accident.
Improve Your Driving Record
If you have multiple traffic violations on your record, it’s likely that you’ll be paying more for SR22 insurance in Colorado. However, if you can improve your driving record by staying out of trouble and attending defensive driving courses, your insurance rates may decrease over time.
Bundle Your Insurance Policies
If you already have an auto insurance policy, consider bundling your SR22 insurance policy with your existing policy to save money. Many insurance providers offer discounted rates for customers who bundle multiple policies.
Ask for Discounts
Don’t be afraid to ask your insurance provider if they offer any discounts for SR22 insurance in Colorado. You may be eligible for a discount if you are a safe driver, have multiple policies with the same provider, or complete a defensive driving course.
Compare Payment Options
Some insurance providers in Colorado offer discounts if you pay your insurance premium annually instead of on a monthly basis. Make sure to compare the cost of annual versus monthly payments to see which option is more affordable for you.
Choose the Right Car
The type of car you drive can have an impact on your SR22 insurance premiums in Colorado. Choose a car that is safe, reliable, and has a low cost of ownership to potentially lower your monthly insurance payments.
Frequently Asked Questions
How Long Do I Need to Have SR22 Insurance in Colorado?
The length of time that you are required to have SR22 insurance in Colorado varies depending on the severity of your driving offense. In most cases, the SR22 requirement lasts for three years.
Is SR22 Insurance More Expensive than Regular Auto Insurance?
Yes, SR22 insurance is typically more expensive than regular auto insurance. This is because the SR22 insurance requirement is only triggered by serious driving offenses, which are generally associated with higher risk of accidents and insurance claims.
Can I Cancel My SR22 Insurance Once I Am No Longer Required to Have It?
Yes, you can cancel your SR22 insurance once you are no longer required to have it. However, make sure to check the requirements in your state to ensure that you have met all the necessary requirements to have the SR22 requirement removed from your driver’s license.
Conclusion
Getting SR22 insurance in Colorado can be stressful, especially if you’re worrying about the cost. However, there are a variety of ways you can work to make your SR22 insurance premiums more affordable, from shopping around to choosing the right car.
Remember, SR22 insurance is an administrative requirement, not a sign that you are a bad driver or that you have a criminal record. With the right information and some research, you can get the SR22 insurance you need at a price that fits your budget.
