Cheapest SR-22 InsuranceArkansasCheapest SR-22 Car Insurance in Arkansas (2023)
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State Farm and Hanover offer the cheapest SR-22 insurance in Arkansas for minimum coverage, costing approximately $266 and $319 per year, respectively. For full coverage, State Farm ($699 annually) and Louisiana Farm Bureau ($800 yearly) are the cheapest. State Farm is the most affordable for non-owner drivers at around $324 yearly, along with Auto-Owners at around $394 annually.
Filing an SR-22 is necessary if you commit a serious driving offense like driving under the influence (DUI). While the form alone doesn’t impact your rates, most violations requiring an SR-22 will increase premiums. Getting affordable coverage is possible by comparing quotes.
Cheapest SR-22 InsuranceArkansasCheapest Companies for SR-22 Car Insurance in Arkansas
Cheapest Companies for SR-22 Car Insurance in Arkansas
The two cheapest SR-22 car insurance companies in Arkansas offering minimum coverage for drivers with a DUI on their records are:
- State Farm: $266 per year
- Hanover: $319 per year
For full coverage policies, the most affordable insurers are:
- State Farm: $699 per year
- Louisiana Farm Bureau: $800 per year
After a driving violation, car insurance premiums often increase because insurance companies consider you as high risk and more likely to file claims. If you’re looking for affordable SR-22 car insurance in Arkansas, the table below presents the best options, with rates ranging between $266 and $2,681 per year, depending on the insurer and coverage level.
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What Is SR-22 in Arkansas?
SR-22 is not a type of insurance policy. It is a mandated certificate of financial responsibility filed after committing certain traffic violations. These include:
- DUI or other severe driving violations
- Multiple driving violations in a short period of time
- Being in an accident without proper insurance
- Driving without insurance
Additionally, SR-22 is required to reinstate a revoked or suspended license. How long you need an SR-22 in Arkansas ranges from one to five years, depending on the severity of your offense, with repeat offenses leading to longer filing periods.
Your insurance provider will file an SR-22 form on your behalf. This can cause your rates to increase since you’re considered a high-risk driver if you have to file this form.
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After you’ve fulfilled the obligations of your financial responsibility requirement in Arkansas, your insurance provider must file a Financial Responsibility Cancellation Form. This informs the state that you have completed the necessary terms and your mandatory SR-22 filing period is over.
Cheapest Companies for Non-Owner SR-22 Car Insurance in Arkansas
Consider these companies for the cheapest SR-22 non-owner car insurance in Arkansas:
- State Farm: $324 per year
- Auto-Owners Insurance Co: $394 per year
If you have a military background, USAA offers the lowest average rate at $305 per year.
Non-owner drivers might be required to file SR-22 depending on the circumstances. For instance, if their licenses were suspended or they have serious traffic violations on their driving record such as a DUI. Below, we listed the most affordable options for SR-22 non-owner car insurance in Arkansas, with premiums ranging from $305 to $782 per year.
WHAT IS NON-OWNER CAR INSURANCE?
Non-owner car insurance offers liability coverage for third-party property damage or bodily injury if you are at fault in an accident. It’s a good option for rideshare drivers, renters, professional drivers and those who need to file an SR-22 form but don’t own a car themselves. Typically, non-owner car insurance is cheaper than standard auto insurance. Browse our recommendations for cheap non-owner car insurance in Arkansas to find the best deal for your budget.
Average Cost of SR-22 Car Insurance in Arkansas
For a driver with a DUI, the average cost of SR-22 car insurance in Arkansas is $583 per year for minimum coverage and $1,378 per year for full coverage. Keep in mind that you might also be required to file SR-22 for other traffic violations, such as speeding or at-fault accidents.
Having driving offenses on your record can significantly impact your premiums because you are considered riskier to insure than those with clean records.
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It’s crucial to compare insurance rates every year or when renewing your SR-22 coverage in Arkansas. Doing so can help you ensure you’re still getting the cheapest price and the best deal for your budget.
How SR-22 Affects Car Insurance Rates in Arkansas
It’s important to remember that an SR-22 alone doesn’t impact auto insurance costs. However, those who need to file the form often experience a premium increase due to factors such as the severity of the driving offense, location and driving history. In Arkansas, for instance, minimum coverage auto insurance rates increase by $178 after a DUI charge.
Typically, filing an SR-22 is necessary for situations such as driving under the influence, driving without adequate insurance or committing repeated traffic violations.
Car Insurance Rate Comparison Based on Driving Records in Arkansas
Clean Driving Record
Annual Premium for Minimum Coverage
$405
After a DUI
Annual Premium for Minimum Coverage
$583Car insurance premiums after a DUI are on average: :$178 more
This is 44% more expensive.
Other Effects of SR-22 on Car Insurance in Arkansas
Aside from higher premiums, filing an SR-22 in Arkansas can have other effects on your auto insurance, such as limited insurance options and possible policy cancellation. We explored some of these consequences below.
1
Limited number of insurance options
Insurance companies consider you to be a high-risk driver if you have an SR-22. As a result, the number of insurers willing to provide coverage for you will likely be fewer than the options for drivers with clean records.
2
Possible policy cancellation
In some cases, your insurance provider may drop you or cancel your policy. This can depend on the severity of your driving offense that necessitated filing an SR-22.
3
Length of required filing
In Arkansas, you must maintain an SR-22 for one to five years, depending on the severity of your offense. Repeat offenses requiring longer filing periods.
4
Filing fees
You may need to pay a one-time SR-22 filing fee charged in some states, which can range from $15 to $50.
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How to Get SR-22 Insurance in Arkansas
After you get a severe driving violation, you need to follow the following steps to file an SR-22 form if your current insurer won’t do it for you:
- Find an insurance company that provides coverage for drivers with violations on their records.
- Purchase a car insurance policy that meets the minimum liability requirements in Arkansas.
- Ask your insurance provider to file an SR-22 form on your behalf as proof of financial responsibility.
- Pay any necessary fees and keep your SR-22 form up to date.
ARKANSAS LICENSE REINSTATEMENT FEE
The cost of reinstating your driver’s license after an SR-22 varies by state and often ranges from $75 to $150. It’s worth noting that this fee is subject to change, so it’s vital to check with your local DMV for the most current information.
How to Get Cheaper Car Insurance in Arkansas After a DUI
Having a DUI on your driving record can dramatically increase your car insurance rates. Fortunately, it’s possible to lower your total costs by following these steps:
Compare quotes immediately
To get affordable car insurance in Arkansas after a DUI, it’s critical to compare rates from multiple providers. Every insurer has its own underwriting criteria and risk assessments, so rates vary. By comparing quotes, you can find a provider that offers coverage that aligns with your budget.
Complete DUI classes or programs
Some states require drivers with DUI convictions to complete DUI classes or programs before their licenses can be reinstated. These programs offer strategies to help you drive safely in the future. They may also serve as proof of your commitment to becoming a safer driver. Completing a DUI program can potentially make you eligible for lower insurance rates.
Look for discounts
Many car insurance companies provide discount opportunities to eligible policyholders. For instance, you might qualify for a discount by taking a defensive driving course or installing a tracking device. As always, check with your insurer to see if you’re eligible for any discounts.
Practice safe driving
Practicing safe driving is one of the most effective ways to obtain affordable car insurance after a DUI. Avoid getting any more driving violations, such as speeding tickets or reckless driving, and follow all traffic laws. Demonstrating safe driving habits can show insurance providers that you’re a responsible driver, which may result in lower premiums.
Shop rates over time
Even after finding affordable car insurance, it’s advisable to compare options periodically to find a better deal. As your driving record improves and you continue to exhibit safe driving behaviors, you may become eligible for lower rates with other insurers.
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Another insurance product worth considering for high-risk drivers is non-standard auto insurance. This type of policy is designed for drivers considered too high-risk to be covered by standard policies, including those who have had multiple accidents or been convicted of DUIs. It’s worth noting that non-standard auto insurance is more expensive since there’s a higher risk for claims.
Frequently Asked Questions About SR-22 Insurance in Arkansas
We answered some of the most commonly asked questions about SR-22 insurance in Arkansas to help you find the best option for your needs.
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