Drivers convicted of high-risk violations, such as reckless driving or DUI, need to get SR-22 insurance in Indiana. The driver’s insurance company will file the SR-22 form with the state, confirming they have enough insurance coverage to comply with the state’s minimum requirements. Generally, SR-22 insurance is similar to a standard auto insurance policy. However, it’s much more expensive due to the seriousness of the offense. The cheapest SR-22 insurance in Indiana, which is from Progressive, costs an average of $435 per year.
Indiana SR-22 Insurance: What It Is and How Much It Costs
Which Indiana Insurance Companies Offer the Cheapest SR-22 Insurance?
Insurance carriers often view drivers with serious traffic violations to be higher risks. Aside from the small fee for the SR-22 form, your insurer will most likely increase your premium based on the severity of the violation.
The minimum policy coverage for SR-22 insurance in Indiana costs an average of $597 per year. In comparison, the average cost of a typical auto insurance policy for a driver with a clean record is $409 per year.
Looking for cheap SR-22 insurance in Indiana may be challenging, but there are multiple carriers that you can choose from. The least expensive insurance company is Progressive. Its minimum Indiana car insurance package for a driver with an SR-22 certificate costs an average of $435 annually. Meanwhile, Allstate offers the most expensive average policy at $751 per year.
Cheapest Companies for SR-22 Insurance in Indiana
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The costs stated on the table are for an auto insurance policy meeting the minimum requirements in Indiana or a full-coverage plan that includes $100,000 in bodily injury liability costs per person, $300,000 per accident and $100,000 in property damage costs.
These are estimates based on a typical Indiana driver. Various factors affect car insurance rates, including the cost of filing the SR-22 form, the severity of your violation and the loss of access to discounts. It is best to compare personalized quotes from at least three different car insurance carriers to find the most accurate policy.
SR-22 forms usually come with a one-time fee, which is around $25.
You will lose your eligibility for good driver discounts once you have a high-risk traffic violation, making SR-22 insurance even more expensive.
The cost of a policy varies depending on the severity of the violation. Serious offenses, such as a hit-and-run collision, will result in higher rates.
What Is SR-22 Insurance in Indiana? Who Needs It? How Do You Get It?
It is important to note that SR-22 insurance in Indiana is not an insurance policy. It is a form that the insurance company files on behalf of the policyholder. It serves as proof that you meet the minimum liability coverage requirements. SR-22 insurance is necessary for drivers who commit a severe traffic violation. Insurance after a DUI or reckless driving is much more costly than the rate for drivers with clean records.
Indiana drivers filing an SR-22 have to prove that they meet the state minimum auto insurance requirements, which include:
- $25,000 bodily injury liability coverage per person
- $50,000 bodily injury liability coverage per accident
- $25,000 property damage liability coverage per accident
Who Needs SR-22 Insurance in Indiana? And for How Long Do They Need It?
Each state has its own rules regarding which violations can result in an SR-22 insurance requirement. In most cases, a driver will need to file for SR-22 coverage after committing a severe traffic violation, like any of the following:
- Reckless driving
- Driving without insurance coverage
- Driving with a suspended license
Usually, minor traffic violations do not require an SR-22 form. Indiana drivers who get a ticket or are involved in an accident should shop around to find the best rates for insurance with a bad record. These costs are not as high as the cost of a policy for those who need an SR-22.
So, how long do you need SR-22 insurance in Indiana? Indiana drivers have to hold SR-22 insurance for three years after the first and second suspensions of insurance. The third and subsequent suspensions require SR-22 insurance for five years. Your insurance carrier will inform the Bureau of Motor Vehicles (BMV) if you cancel or fail to renew your SR-22 insurance in Indiana.
How Do You Get SR-22 Insurance in Indiana?
Insurance companies may file an SR-22 form in Indiana upon the policyholder’s request. However, since high-risk drivers are required to file SR-22 forms, some carriers may not cover you. Those that offer coverage for drivers who need SR-22 forms usually charge higher rates than the premium you paid before the violation.
Non-Owner SR-22 Insurance in Indiana
SR-22 insurance policies provide proof that you have liability insurance coverage after committing a serious driving offense. Drivers in Indiana who have had their licenses revoked due to driving violations, like DUIs, require an SR-22 insurance policy as proof of insurance to get their licenses reinstated, even if they don’t own a car.
Drivers who may not own cars but regularly rent or borrow other people’s cars need proof of liability insurance. A non-owner SR-22 car insurance policy is the most affordable option in this type of scenario.
For drivers in Indiana with driving violations, the average cost of SR-22 insurance is $462 yearly. Keep in mind these rates can change depending on the insurer. On average, MoneyGeek found that the cheapest insurance companies on average for non-owner SR-22 car insurance are GEICO at a cost of about $373 per year and Progressive, which costs roughly $460 per year.
The Average Cost of Non-Owner SR-22 Car Insurance in Indiana
The prices in this study are for non-owner car insurance for drivers with DUIs on their record in Indiana who are buying coverage with $50,000 per person bodily injury liability, $100,000 per accident bodily injury liability and $50,000 in property damage liability per accident.
FAQs About SR-22 Insurance in Indiana
Indiana drivers looking for SR-22 insurance usually have various questions about the rates, the filing process and where to purchase a policy. Here are the answers to some of the most common questions.
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MoneyGeek analyzed car insurance premiums from eight of the top insurance companies in Indiana that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Indiana. 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.
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