Cheapest SR-22 InsuranceIowaCheapest SR-22 Car Insurance in Iowa (2023)
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State Farm's minimum and full coverage SR-22 insurance policies are the cheapest in Iowa. Even if you do not own a vehicle, State Farm may be the cheapest insurer.
If you incur a severe traffic offense in Iowa, such as a DUI, you might have to file an SR-22. Most driving violations that necessitate filing an SR-22 will result in a considerable rise in your premiums. However, your infraction, not the SR-22, will increase your premiums. Whether they own their car or not, drivers can pick from various inexpensive SR-22 auto insurance options.
Cheapest SR-22 InsuranceIowaCheapest Companies for SR-22 Car Insurance in Iowa
Cheapest Companies for SR-22 Car Insurance in Iowa
In Iowa, drivers with a DUI can find the cheapest deals on SR-22 insurance from the following companies:
- State Farm: $160 per year
- Progressive: $207 per year
The following insurers provide the most affordable SR-22 policies with full coverage in Iowa:
- State Farm: $547 per year
- American Family: $846 per year
Insurance rates may rise due to the increased risk that the policyholder poses to the insurer after a traffic offense. The following companies provide SR-22 auto insurance in Iowa at competitive prices, with average annual rates ranging from $160 to $690.
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What Is SR-22 in Iowa?
Violating specific traffic regulations may necessitate the submission of an SR-22, which functions as proof of financial responsibility. SR-22 requirements are prevalent nationwide, though with potential state-specific variations. The following are some common reasons why you might need to submit an SR-22 form:
- DUI, DWI or other severe driving violations
- Multiple driving offenses in a short period of time
- Driving without insurance
- Getting into an accident without adequate insurance
- Restoring a suspended or revoked license
To maintain your eligibility to drive in Iowa, your SR-22 must be on file for at least two years. Despite this, the period might be increased depending on the severity of the violation and the number of convictions.
According to state law, your auto insurer in Iowa is required to submit an SR-22 form on your behalf to the DMV. MoneyGeek offers further details about car insurance with an SR-22.
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Once you have met your financial responsibility obligation in Iowa, your insurance provider is responsible for filing a Financial Responsibility Cancellation Form. By submitting this form, you confirm that you have been exempted from maintaining an SR-22 or any other form of financial responsibility proof.
Cheapest Companies for Non-Owner SR-22 Car Insurance in Iowa
The companies offering the cheapest SR-22 non-owner car insurance in Iowa are:
- State Farm: $211 per year
- Travelers: $397 per year
In Iowa, USAA is a highly affordable option for those with military affiliations, offering an average annual premium of $257.
If a non-owner driver's license was suspended or revoked after a significant traffic offense, they may be required to submit an SR-22. They may restore their driving privileges lawfully by obtaining non-owner auto insurance.
The table below displays the range of annual premiums for the cheapest SR-22 insurance policies available to drivers who do not own their own cars.
WHAT IS NON-OWNER CAR INSURANCE?
Non-owner auto insurance offers coverage for third-party property damage and injuries, making it a suitable option for rideshare drivers, rental car drivers and professional drivers who do not own their vehicles. This kind of policy does not cover vehicle damage or bodily injury to the driver or passengers.
Standard car insurance is typically more expensive than non-owner car insurance. To assist you in finding the best offers, MoneyGeek looked into the affordable non-owner auto insurance options in Iowa.
Average Cost of SR-22 Car Insurance in Iowa
On average, drivers with DUIs in Iowa can expect to pay $1,336 for full coverage and $445 for minimum coverage when getting an SR-22 insurance policy. The submission of this document may also be required for relatively minor offenses, such as speeding or being found at fault in an accident. Because of this, you will be considered a high-risk driver. As a result, your auto insurance premiums will be higher than they would be for a driver with a clean record.
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Iowa residents with an SR-22 policy should regularly compare rates when renewing or on an annual basis to ensure they are getting the most cost-effective option available. To be responsible and economical, you should constantly weigh your alternative options.
How SR-22 Affects Car Insurance Rates in Iowa
Iowa residents who are required to file an SR-22 face an average annual insurance cost increase of $192. The severity of the violation, coverage level and driving record can also influence insurance premiums.
An SR-22 may be required for various reasons, including driving without sufficient insurance, non-payment of court-ordered child support, getting a hardship license, being convicted of DWI/DUI or having a record of multiple traffic violations.
Car Insurance Rate Comparison Based on Driving Records in Iowa
Clean Driving Record
Annual Premium for Minimum Coverage
$253
After a DUI
Annual Premium for Minimum Coverage
$445Car insurance premiums after a DUI are on average:$192 more
This is 76% more expensive.
Other Effects of SR-22 on Car Insurance in Iowa
In Iowa, getting an SR-22 after a severe traffic infraction might have consequences beyond just higher premiums. The probable consequences of failing to file this document are described below.
1
Limited number of insurance options
Once you submit an SR-22, the majority of insurance providers consider you to be a high-risk driver. There may be fewer insurance companies prepared to insure you than for those with clean driving records.
2
Possible policy cancellation
Your current insurance provider may choose to terminate your policy after you submit an SR-22.
3
Length of required filing
Per Iowa state legislation, individuals who have committed traffic violations are typically obligated to uphold SR-22 coverage for two years.
4
Higher liability coverage limits
In certain states, if you are required to possess an SR-22, you may be obligated to have higher liability limits. This doesn't apply in Iowa, but it's still necessary to have the following liability coverage limits:
- $20,000 in bodily injury liability per person
- $40,000 in bodily injury liability per accident
- $15,000 in property damage liability per accident
5
Filing fees
In some states, submitting an SR-22 incurs a fee, which ranges from $15 to $50.
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How to Get SR-22 Insurance in Iowa
If you have committed a traffic violation in Iowa and wish to purchase auto insurance, you will typically need to follow these steps:
- Search for an insurance provider that offers coverage to drivers with tickets or violations on their records.
- Buy a liability insurance policy that meets the minimum requirements set by the state.
- To demonstrate your financial responsibility, ask your insurance provider to fill out and submit an SR-22 form on your behalf.
- Maintain the SR-22 for the mandated time frame and make sure all payments are paid on time.
By showing the relevant authorities that you are making an effort to improve your driving record and are insured, you may be able to reduce your premium costs in the future.
IOWA LICENSE REINSTATEMENT FEE
The fee for reinstating a license after obtaining an SR-22 in Iowa can vary depending on several factors. Generally, the fee for license reinstatement is $20, but we recommend verifying the current costs with the Iowa Department of Transportation's Office of Vehicle & Motor Carrier Services, as these rates are subject to change.
How to Get Cheaper Car Insurance in Iowa After a DUI
Due to the heightened risk, you pose to the insurer after a DUI conviction, getting SR-22 auto insurance may be expensive. Participating in programs that educate about the consequences of driving under the influence can reduce insurance costs over time. Regardless of the cost, every driver needs auto insurance to protect themselves and others.
Compare quotes immediately
Many options are available for auto insurance, even if you have a DUI conviction. Variations in premiums among insurance companies can be attributed to their distinct formalities. You can discern which one offers the best value by requesting quotes from various companies.
Complete DUI classes or programs
You could be required to complete a course or program to address the issues that resulted in your license being revoked if you've been found guilty of DUI and need to renew your license. This will show you're prepared to drive and are serious about avoiding drinking and driving. You may even be eligible for insurance premium discounts if you complete a DUI program.
Look for discounts
Many different companies often offer discounts on auto insurance policies. Taking defensive driving courses, installing vehicle monitoring devices and maintaining a good driving record are a few ways to qualify for lower auto insurance premiums. Get in touch with your insurance company to ask about any available savings.
Practice safe driving
Being a cautious driver after a DUI is one of the simplest ways to receive better insurance prices. The exhibition of safe driving habits can serve as evidence to insurers of one's ethical behavior behind the wheel, which may result in reduced insurance premiums. Follow the rules of the road, drive less often or for shorter routes and prevent more driving mistakes like speeding.
Shop rates over time
It is advisable to continually look around for more favorable car insurance premiums after an SR-22. Your insurance provider could offer cheaper rates if you become a better driver and maintain a spotless driving record.
MONEYGEEK EXPERT TIP
Non-standard car insurance is designed for high-risk drivers with an accident record, DUI convictions or who pose additional risks. Although the premiums for non-standard auto insurance are often higher than those for traditional policies, they may be worthwhile for people with nowhere else to turn for coverage.
Frequently Asked Questions About SR-22 Insurance in Iowa
MoneyGeek answered a few frequently asked questions about SR-22 insurance in Iowa.
About Mark Fitzpatrick
sources
- Iowa Department of Transportation. "Suspensions/Revocations — Methods of Proof." Accessed June 9, 2023.
- Iowa Department of Transportation. "Suspensions/Revocations — After Suspension or Revocation." Accessed June 9, 2023.