If you are convicted of a high-risk traffic violation, such as reckless driving or DUI, your insurer will have to file SR-22 insurance in Alaska. This document serves as proof that your coverage meets state minimum requirements. Generally, SR-22 insurance policies are similar to standard car insurance policies. However, driving violations can increase premium prices. MoneyGeek’s study found that the cheapest SR-22 insurance in Alaska is USAA, which has an average rate of $543 per year.
Alaska SR-22 Insurance: What it is and How Much it Costs
Which Alaska Insurance Companies Offer the Cheapest SR-22 Insurance?
SR-22 insurance costs more than a typical Alaska car insurance policy because of the severity of the violation. In Alaska, the average rate of a minimum car insurance policy for a driver with an SR-22 filing due to a DUI is $760 per year. In comparison, a similar policy only costs an average of $509 for drivers with a clean record. That is a $251 difference.
Drivers can find cheap SR-22 insurance in Alaska by shopping around. The most affordable SR-22 insurance in the state is USAA, costing $543 per year on average. However, USAA policies are only available to military members and their families. The most affordable widely-available option is State Farm at an average of $599 annually.
Cheapest Companies for SR-22 Insurance in Alaska
Scroll for more
The insurance rates shown on the table are for a policy meeting the state minimum car insurance requirements in Alaska or a full coverage policy covering $100,000 in bodily injury liability costs per person, $300,000 per accident and $100,000 in property damage costs.
The average cost of car insurance will vary depending on insurance carriers and other factors, such as the SR-22 insurance filing fee, the type of driving violation and the loss of discounts. If you are looking for the cheapest SR-22 insurance in Alaska, it is best to shop around and compare at least three insurance carriers.
Filing an SR-22 insurance form comes with a filing cost, which is usually a one-time fee of approximately $25.
Drivers previously eligible for good driver discounts will no longer qualify, making SR-22 insurance in Alaska relatively more expensive.
The severity of your violation will have an impact on the prices. Serious offenses, such as a hit-and-run collision (which is considered to be worse than a DUI), can cause higher rate increases.
What Is SR-22 Insurance in Alaska? Who Needs It? How Do You Get It?
SR-22 insurance in Alaska or elsewhere is not actually an insurance policy. It is a form that your insurance carrier files to show that your auto insurance coverage meets the state minimum liability requirements. Drivers who commit a severe driving violation, such as reckless driving or DUI, need to file SR-22 insurance in Alaska. The cost of insurance after a DUI or other serious violations is much more expensive compared to the premium rate for drivers with a clean record.
SR-22 insurance in Alaska will prove that your auto insurance policy meets the minimum car insurance requirements in the state. These include:
- $50,000 bodily injury liability coverage per person
- $100,000 bodily injury liability coverage per accident
- $25,000 property damage liability coverage per accident
Who Needs SR-22 Insurance in Alaska? And for How Long Do They Need It?
The violations requiring SR-22 insurance may change depending on which state in which you reside. Drivers in Alaska and elsewhere who commit one of the following severe violations will almost certainly need SR-22 coverage filing:
- Reckless driving
- Driving without insurance coverage
- Driving with a suspended license
Generally, minor violations do not require SR-22 insurance in Alaska. Auto insurance after a ticket or accident may result in higher premiums, but not as high as the increase for those who need SR-22.
Your conviction will determine how long you will have to hold an SR-22. However, in most cases, it is usually for three years.
How Do You Get SR-22 Insurance in Alaska?
Your insurance carrier will be the one to file an SR-22 form with the state upon your request. Some insurers may decide not to cover you because people who need to file an SR-22 are considered high-risk drivers. Additionally, the cost of your auto insurance will likely be more expensive than your premium when you had no driving violation in your record.
Non-Owner SR-22 Insurance in Alaska
Committing a major driving violation can result in the suspension of your driver’s license in Alaska. To reinstate your license, you may need to file an SR-22. This applies to all drivers, even if you do not own a car.
In this case, the cheapest option is to get non-owner auto insurance. This type of policy is best for drivers who need to provide proof of liability insurance coverage to get their license or those who do not own a car but regularly rent or borrow a vehicle.
The average cost of a non-owner auto insurance policy in Alaska is $620 per year, but this rate can vary based on the insurer. The most affordable option for SR-22 non-owner insurance is USAA, at roughly $282 per year. However, USAA policies are only available to military members, veterans and their families. The second cheapest company is State Farm, with an average rate of $338 per year.
The Average Cost of Non-Owner SR-22 Car Insurance in Alaska
All rates used for non-owner car insurance are for Alaska drivers with a DUI on their driving records and policies covering $50,000 in bodily injury liability per person, $100,000 in bodily injury liability per accident and $50,000 in property damage liability per accident.
FAQs About SR-22 Insurance in Alaska
Usually, drivers looking for SR-22 insurance in Alaska have questions about rates, who to shop with and the form filing process. Here are some of the most common questions and the answers to help you get started.
Read More About Car Insurance
MoneyGeek analyzed renters insurance premiums from five of the top insurance companies in Alaska that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Alaska. Quotes were gathered for policies that meet the state’s minimum coverage requirements and for full coverage policies with $100,000 in bodily injury liability insurance per person, $300,000 in bodily injury liability insurance per accident and $100,000 in property damage liability per accident. Rates are for the same driver with both a clean record and a DUI.
About the Author
- Division of Motor Vehicles. "SR-22 Insurance." Accessed May 28, 2021.