Colorado SR22 Insurance Facts & Answered Questions
The state of CO requires the SR-22 form to be filed by your insurance carrier with the Department of Motor Vehicles. The SR-22 filing serves as proof to the state that you have the liability coverage required by law to get your license back. Let SR-22 Insurance get you the cheapest SR22 quotes in Colorado.
All vehicles in the state of Colorado must carry a minimum liability insurance policy. A Colorado driver who has had their license suspended must carry a current SR22 for as long as mandated by state law. Failure to do so could result in additional driver’s license suspensions.
What is an SR22 Colorado?
An SR-22 is a document issued by an auto insurer to the State indicating that you carry sufficient insurance to satisfy that state’s Financial Responsibility Law. States demand one from a driver when they have either been convicted of specific crimes or have failed to show evidence of financial responsibility in the event they are found to be at fault in an accident. Should an SR-22 be required, you are barred from driving until you provide one and maintain the underlying insurance to support the proof of financial responsibility.
Who Needs SR-22 Insurance in Colorado?
In Colorado, you may be required to have SR22 insurance in two cases:
- if you’ve been in an accident and have to fulfill a Financial Responsibility requirement or
- if your license has been suspended or revoked.
There are a number of reasons your license could be suspended including:
- Conviction for driving under the influence (DUI or DWI)
- Driving without car insurance
- Driving with a revoked or suspended license
- Having repeated traffic violations in a certain amount of time, including speeding tickets
- Numerous at-fault accidents with no insurance
- A fatal at-fault accident or one that results in injuries
- Reckless or dangerous driving
- Assignment from a court order
- Failure to pay fines from tickets
- Refused consent to breathalyzer or blood alcohol test
- Too many tickets in short period of time (Excessive points violations)
- Previous incarceration
- Suspension of license due to child support
- Failure to maintain mandatory insurance coverage required by state law
The property damage will provide coverage for the driver and
whomever is driving the vehicle in the case of an accident.
If you or a family member are driving and involved in a accident the insurance company will pay for damages occurred from the accident up to $25,000. If there is damages above and beyond that you will be responsible for the remaining money owed.
Regardless of your driving history, we’re here to help. Ready to get started? Sit back, relax,
and discover an easier way to get the coverage you need.
Colorado SR-22 Insurance Rates
Filing an SR-22 doesn’t cost much; however, having an SR-22 on their driving record can hurt your pocket indirectly. When you’re required to have an SR22, you get placed into the category of a high-risk or non-standard driver. High-risk drivers tend to pay the highest car insurance rates, but the cost of car insurance can vary by company and by state. Some other factors that the insurance company will consider when deciding your premium are the driver’s age, location, gender and credit score.
On average, drivers with one DUI conviction in Colorado pay $1,752 per year for car insurance. That’s 40 percent more than car insurance for a driver with a clean driving record. However, the cost you pay differs significantly based on the company you buy car insurance from.
If you are in need of cheap SR22 Insurance in Colorado, connect with us today. We have a 5 step quote process to streamline your search and make things easier for you. https://sr22insurance.net/sr22-insurance-quotes/
All you have to do is input specific details and we will generate your quotation right there and then. Our form will guide you through the process. You’ll get your quote fast.
How to get an SR-22 Certificate in Colorado if You Are:
If you currently have auto insurance, obtaining an SR-22 certificate is relatively easy. Call up your insurance company and request that the company file a SR-22 request for you. If your current insurer declines to file a request, you should shop for a new insurance company.
When applying for car insurance, you might be saddled with an up-front fee to have your prospective insurer file an SR-22 request for you and to cover your high-risk driving profile.
Needing an SR-22 certification could disqualify you from buying insurance from some carriers, while others would be happy to cover you.
Penalties for Driving Without Insurance in Colorado
Auto insurance is required in Colorado. You need proof of insurance both when registering your vehicle and anytime you are driving. Colorado compares its database of registered vehicles with a list of insured vehicles provided by all the insurance companies in Colorado. If the state finds a vehicle which is registered, but uninsured it sends the policyholder a notice. If you are caught driving without proof of insurance, the penalties are steep (Colorado Statute 42-4-1409):
- Four points against your driver license.
- First offense: minimum $500 fine, and license suspension until you can show proof to the Division of Motor Vehicles that you are insured.
- Second offense: minimum $1,000 fine and license suspension for four months.
- Third and subsequent offenses: minimum $1,000 fine and license suspension for eight months.
- Courts may add up to 40 hours community service to the above penalties.
What is Non-Owners SR22 Insurance and How is it Different?
Not owning a vehicle makes it hard to get an SR-22, as you will need to show proof of insurance to receive the certificate. If you don’t own a vehicle, you should purchase a non-owners car insurance policy before filing an SR-22 request. Non-owners car insurance is often less expensive than traditional coverage since it won’t provide protection for physical damages to your vehicle. There are actually three options:
- Operator’s certificate – issued to the drivers that do not own a vehicle that they drive.
- Owner’s certificate – issued to the drivers that own a vehicle that they drive.
- Operator-Owner’s certificate – issued to the drivers that drive vehicles both owned and not owned. All vehicles that will be used are going to be listed in policy.
How an SR-22 Affects your Colorado Insurance Rates
Because the insured has a blemished driving record, they will not get the lowest rates for coverage because they are deemed a high risk driver. That being said, one should shop and compare rates for the policy itself as well as any fees related to filing an SR-22. It should also be noted that if you need to have an SR-22 processed quickly, the fees to do so will not be inexpensive.
Limitations of Colorado SR-22 Insurance Coverage
Another thing to note is that the policy itself may have terms and conditions that may limit coverage under certain circumstances. For example, should you be involved in an accident and you are using the vehicle in commission of a crime, coverage for damage to your auto may be forfeited. In addition, the limits for third party liability coverages in the event the auto is used during a crime will be reduced to the statutory minimum required by the state.
How Long Will I Need to Have an SR-22?
In Colorado SR22 is mandated for 3 years. That means you can’t pause it and then renew. For 3 years you have to maintain your policy, and be sure that it is active for a full period of requirement. In case your SR22 lapses or you fail to maintain your car insurance policy, your insurance provider will instantly inform Colorado DMV about your policy changes. SR26 form of cancellation will be issued automatically. In that case your driver’s license will be suspended. To restore your driver’s privileges you will need to get another SR22 and start over a 3 year term. The only way to get rid of the SR22 requirement in Colorado is either to drive safe, or file for SR22 immediately for a full term.
How Much Are Actual Filling Fees for an SR-22 in Colorado?
Here you can find what the typical cost is for the actual filing of the SR-22 insurance form for each company. Somemight charge a percentage of premium, but that is quite uncommon.
|Mendota Ins. Company||$25.00|
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