Cheapest SR-22 Car Insurance in Colorado (2024)


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Updated: September 26, 2024

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An SR-22 isn't an insurance policy; it's a certificate of financial responsibility for drivers with certain violations, such as DUI or severe traffic offenses. In Colorado, either you or your insurer files the SR-22 to prove you meet the minimum liability coverage of 25/50/15. Although the SR-22 itself doesn't affect your rates, the infractions necessitating it can lead to higher premiums.

For those needing SR-22 coverage, the most affordable options come from Colorado Farm Bureau at $421 per year and American National P&C at $463 per year. These companies offer the lowest rates for state minimum coverage after a DUI.

As for non-owner car insurance with SR-22 requirements, GEICO and State Farm are the frontrunners, offering annual rates of $457 and $483, respectively. These rates cater to Colorado residents who do not own a vehicle seeking the most cost-effective state minimum coverage following a driving incident.

MoneyGeek Logo IconCheapest SR-22 InsuranceColorado
2024

Why Trust MoneyGeek? Our team obtained data from the Colorado Department of Labor and Regulation’s Division of Insurance and Quadrant Information Services to determine the most affordable SR-22 insurance companies for various driver profiles.

106,836Quotes Analyzed
 
14Companies Compared
 
101ZIP Codes

Cheapest Companies for SR-22 Car Insurance in Colorado

The cheapest companies for state minimum coverage SR-22 car insurance in Colorado are:

  • Colorado Farm Bureau: $35 per month, $421 per year
  • American National P&C: $39 per month, $463 per year

The least expensive providers for full coverage SR-22 insurance in Colorado are:

  • Colorado Farm Bureau: $80 per month, $960 per year
  • American National P&C: $89 per month, $1,072 per year

After a moving violation, expect to see higher car insurance rates since you're now seen as a high-risk driver. Yet, affordable cheap SR-22 car insurance is within reach by comparing quotes. Whether you need state minimum coverage or full coverage car insurance, it pays to shop around.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:State Minimum Liability Only
Driving Record:
Driving Record:DUI
Colorado Farm BureauAnnual Premium$421Monthly Premium$35
American National P&CAnnual Premium$463Monthly Premium$39
American FamilyAnnual Premium$563Monthly Premium$47
State FarmAnnual Premium$637Monthly Premium$53
ProgressiveAnnual Premium$668Monthly Premium$56
GEICOAnnual Premium$906Monthly Premium$75
FarmersAnnual Premium$992Monthly Premium$83
AllstateAnnual Premium$1,172Monthly Premium$98
Auto-Owners Insurance CoAnnual Premium$1,207Monthly Premium$101
AcuityAnnual Premium$1,270Monthly Premium$106
NationwideAnnual Premium$1,516Monthly Premium$126
KemperAnnual Premium$1,685Monthly Premium$140
Farmers Union InsuranceAnnual Premium$1,780Monthly Premium$148
Compare Auto Insurance Rates

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Cheapest Companies for Non-Owner SR-22 Car Insurance in Colorado

The companies with the cheapest non-owner SR-22 insurance in Colorado are:

  • GEICO: $38 per month, $457 per year
  • State Farm: $40 per month, $483 per year

Non-owner car insurance is designed to meet the state minimum coverage requirements for individuals who need to file an SR-22 but do not own a vehicle. This can be due to a license suspension, revocation, or serious traffic offenses.

Selecting the most affordable non-owner car insurance is crucial for drivers looking to maintain their required coverage without overspending.

GEICOAnnual Premium$457Monthly Premium$38
State FarmAnnual Premium$483Monthly Premium$40
Auto-Owners Insurance CoAnnual Premium$536Monthly Premium$45
KemperAnnual Premium$549Monthly Premium$46
ProgressiveAnnual Premium$998Monthly Premium$83
NationwideAnnual Premium$1,046Monthly Premium$87
FarmersAnnual Premium$1,090Monthly Premium$91
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WHAT IS NON-OWNER CAR INSURANCE?

Non-owner car insurance offers liability coverage for individuals who drive often but don't own a car. It's ideal for those who rent cars or work as rideshare drivers in Colorado. This insurance covers costs for injuries and property damage you may cause in an accident.

Non-owner vehicle insurance in Colorado is generally more affordable than standard policies. To ensure you get the best deal, compare quotes from multiple insurers.

What Is SR-22 in Colorado?

An SR-22 is a form that proves you meet Colorado's minimum car insurance requirements. It's not actual insurance but a document your insurer files with the state. If you have certain traffic violations like a DUI, driving without insurance or repeat traffic offenses, you or your insurance company must file an SR-22. You'll need to keep it for three years, and yes, your insurer will notify the state if your SR-22 is canceled or lapses.

An SR-22 insurance ensures you have the following minimum car insurance requirements:

  • $25,000 for bodily injury liability per person.
  • $50,000 for bodily injury liability per accident.
  • $15,000 for property damage liability per accident.

If you don't own a car, you'll need SR-22 non-owner car insurance. Remember, carrying an insurance policy card isn't enough; you must have the SR-22 form on file.

Who Needs an SR-22 in Colorado

Colorado drivers who've faced a DUI, lacked insurance, or committed serious traffic offenses may need to file an SR-22. This state requirement helps ensure that individuals maintain minimum coverage auto insurance for three years.

The SR-22 is not an insurance policy but a form that your insurer files to prove you have coverage. Failing to file can lead to a suspended license. Below, you'll find a list of specific convictions that trigger the need for an SR-22.

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    DUI

    If you're caught driving under the influence in Colorado, you'll need SR-22 insurance to show you have the state minimum coverage.

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    Uninsured Driving

    Driving without minimum coverage auto insurance in Colorado can lead to needing SR-22 insurance to legally drive again.

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    Serious Traffic Offenses

    Committing serious traffic offenses in Colorado requires SR-22 insurance to prove financial responsibility on the road.

How an SR-22 Impacts Your Car Insurance in Colorado

Filing an SR-22 in Colorado can lead to higher insurance rates and fewer coverage options. You may face additional fees and risk coverage denial or mid-term policy cancellation. It's vital to keep your insurance active without breaks, as any lapse could reset the three-year period you need to carry an SR-22 requirement. Understanding these consequences helps drivers make informed choices about their minimum coverage car insurance.

Knowing the consequences of not filing an SR-22 when required is important because it can lead to legal penalties, including loss of driving privileges.

Below is the list of how an SR-22 negatively impacts your car insurance:

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    Limited number of insurance options

    High-risk drivers in Colorado may find fewer insurance providers willing to offer coverage, potentially leading to higher premiums and limited choices.

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    Possible policy cancellation

    Upon filing an SR-22, Colorado insurers may cancel your policy mid-term or decide not to renew it, requiring you to seek a new provider.

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    Long period of required filing

    Colorado mandates that you maintain SR-22 coverage for three years from the date of your qualifying conviction, ensuring continuous minimum liability coverage.

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    Filing fees

    Filing an SR-22 in Colorado comes with a one-time fee, typically around $25, adding to the financial impact of the filing.

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WHAT TO DO IF NO ONE WILL INSURE YOU

High-risk drivers with violations on their driving records may find non-standard auto insurance a viable choice. Though typically more expensive than standard policies, it offers a coverage solution for those who otherwise struggle to secure insurance.

Average Cost of SR-22 Car Insurance in Colorado

The average annual cost of SR-22 car insurance for drivers with a DUI in Colorado is $2,213 for full coverage and $1,022 for state minimum coverage. In comparison, drivers with a clean record pay $1,335 for full coverage and $596 for state minimum coverage. This shows a significant increase in premiums for those with a DUI on their record.

The severity of your offense impacts your premiums. It’s not the SR-22 certificate itself that raises your rates, but the violations associated with it. If you are a repeat offender or have a severe violation, your insurer might not renew your policy or could increase your rates at renewal.

The SR-22 certificate in Colorado is typically required for three years. During this period, you must maintain minimum liability coverage of 25/50/15. Make sure to comply with these requirements to avoid further penalties and complications.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:State Minimum Liability Only
CleanAnnual Premium$596Monthly Premium$50
Speeding TicketAnnual Premium$776Monthly Premium$65
At-fault AccidentAnnual Premium$922Monthly Premium$77
DUIAnnual Premium$1,022Monthly Premium$85

How to Get SR-22 Car Insurance in Colorado

Filing an SR-22 in Colorado is mandatory after serious traffic offenses, including DUI. Not securing this proof of minimum coverage for three years can result in severe penalties. Here are the steps to file an SR-22 in Colorado:

1
Determine if you need an SR-22

If you've been convicted of a DUI, found driving without insurance, or committed serious traffic offenses in Colorado, you may be required to file an SR-22 by a municipal court. This certificate verifies that you carry the state minimum coverage.

2
Contact your insurance provider

Reach out to your current insurance company to request an SR-22 filing. They will assess your situation and, if they agree to support you, will file the SR-22 on your behalf with the Colorado Department of Motor Vehicles.

3
Understand the fees

There is a filing fee for the SR-22, typically around $15 to $25. This fee is paid to your insurer for processing the certificate with the state. Some insurers may charge additional fees for high-risk policies.

4
Confirm the SR-22 filing

After your insurer files the SR-22, verify with the Colorado DMV that the filing has been received and processed. This ensures that you are legally compliant and can continue to drive.

5
Maintain continuous coverage

In Colorado, you must maintain continuous minimum liability coverage for the duration of the SR-22 requirement, which is usually three years. If your policy lapses, your insurer is required to notify the DMV, which may result in further penalties.

If you let your SR-22 certificate lapse in Colorado, your driving privileges could be suspended again. You need this certificate for three years to show you have minimum coverage auto insurance. The cost for a new SR-22 varies by insurer.

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FINANCIAL RESPONSIBILITY CANCELLATION FORM

After your SR-22 term ends, your insurer files a financial responsibility cancellation form with the state. This tells Colorado you maintained the needed minimum coverage for the required three years following a driving offense like a DUI.

How to Save on Car Insurance in Colorado After a Violation

A DUI on your record can bump up your car insurance premiums. For instance, a 30-59-year-old with a clean record pays about $594 annually for state minimum coverage, which is $49 a month. The same driver with a DUI would pay around $1,015 annually, or $85 monthly.

Despite this, you can still find affordable car insurance after a DUI. Colorado drivers needing an SR-22 can secure the required 25/50/15 minimum liability coverage without overspending.

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    Complete DUI Classes or Programs

    By taking DUI classes recommended by the state, you can show insurers you're taking steps to avoid future incidents. These programs are especially important for residents needing SR-22 insurance.

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    Look for Discounts

    Even with a DUI on your record, you might still qualify for certain car insurance discounts. Ask your insurer about bundling, safety features, multiple cars, pay-in-full and electronic billing discounts, which can help ease the financial impact of SR-22 requirements.

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    Compare Car Insurance Quotes

    Insurance costs can soar after a DUI, so it's essential to compare auto insurance quotes to find the most affordable state minimum coverage.

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    Opt for Higher Deductibles

    Choosing a higher deductible, which only applies to full coverage policies with collision and comprehensive insurance, can reduce your monthly premium. This is a practical step for managing SR-22 insurance costs, but ensure you can afford the deductible if you need to make a claim.

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    Drive Less

    Reducing your mileage can lower your risk profile and insurance rates. For those carrying SR-22 insurance, this is a straightforward way to signal to insurers that you're taking steps to stay safe and claim-free.

Compare Auto Insurance Rates

Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

FAQ: SR-22 Insurance in Colorado

Finding affordable SR-22 insurance in Colorado can be a financial burden for many drivers. Get answers to your questions about securing cost-effective SR-22 car insurance options in the state.

What are the cheapest SR-22 car insurance options in Colorado?
How much does filing an SR-22 increase car insurance rates in Colorado, on average?
How long do you need to have an SR-22 in Colorado?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.