When you are pulled over or arrested for certain violations in Florida, you may face an SR22 requirement. An SR22 is not an insurance policy, although it is often referred to as SR22 insurance. Instead, an SR22 is simply a form you must carry after an incident that states you are carrying the legally required amount of insurance in your state.
Filing an SR-22 with your insurance provider can cost $15-$25. This is a one-time payment and isn’t related to car insurance premiums.
Influences on SR22 Insurance
SR-22 insurance has the same influences on insurance rates as basic car insurance along with the added SR-22 requirements. Basic car insurance rates are influenced by:
- Age and gender of the driver
- Credit score
- Driving record
- Value of the vehicle
- Coverage limits
The average cost of car insurance in Florida is around $1,759-$1,903 a year, though the cost changes depending on the above factors.
An additional factor regarding an SR-22 is the violation that caused the requirement. The SR-22 form isn’t what raises your rates; it’s actually the violation that caused the SR-22 requirement.
A single at-fault crash can raise your rates over $800 a year while hit and runs raise annual rates over $1,000 a year. For example, the average cost of car insurance in Florida can jump by 80% after a DUI.
Even with an SR-22, however, you can save money on car insurance. Building your credit score through paying bills on time and paying off debts (such as credit cards or student loans) can lower your car insurance premiums.
How Much Insurance Does an SR22 Require?
SR-22 forms are proof that you carry the amount of car insurance required by your state. The court or state that issues the SR-22 requirement should inform you on how much insurance you’re required. When in doubt, check with your state’s basic auto insurance requirements.
In Florida, drivers must carry at least:
- $10,000 in bodily injury liability per person
- $20,000 in bodily injury liability per accident
- $10,000 in property damage liability
- $10,000 in personal injury protection
Florida operates differently than other states when it comes to auto insurance and SR22s. For example, in most states, SR22s are required if you are caught driving under the influence of drugs or alcohol. However, in Florida, you may instead be required to carry something referred to as an FR22.
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