Which Minnesota Insurance Companies Offer the Cheapest SR-22 Insurance?
Generally, SR-22 insurance in Minnesota has more expensive premiums than insurance for drivers with clean records. A driver with no violations pays an average of $711 annually for a standard policy with state minimum liability coverage. Meanwhile, Minnesota drivers with an SR-22 form due to a DUI pay roughly $746 more, or an average of $1,457 per year.
There are various options for Minnesota car insurance, even for drivers who need SR-22 insurance. The company offering the cheapest option is State Farm at $670 per year. AAA, which is the most expensive choice, has an average premium rate of $3,577 per year.
Cheapest Companies for SR-22 Insurance in Minnesota
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The table includes costs for an auto insurance policy that meets Minnesota’s minimum liability coverage requirement or a full-coverage plan totaling $100,000 in bodily injury liability costs per person, $300,000 per accident and $100,000 in property damage costs.
These car insurance rates are averages and not the final costs for policies. Insurance carriers evaluate various factors, such as your personal circumstances, the SR-22 form filing fee, the nature of the driving violation and more. If you need SR-22 insurance in Minnesota and are looking for the lowest rates, it is best to compare personalized quotes from at least three insurance providers.
If price isn't your number one priority when it comes to car insurance, we recommend checking out the top car insurance companies in Minnesota.
SR-22 insurance filing comes with a one-time fee, which usually costs around $25.
You will lose your eligibility for any good driver discounts if you commit a severe traffic violation, making SR-22 insurance in Minnesota even more expensive.
SR-22 auto insurance policy rates depend on the severity of the violation. For example, a hit-and-run will result in especially high rates.
What Is SR-22 Insurance in Minnesota? Who Needs It? How Do You Get It?
In Minnesota and elsewhere, SR-22 is not an insurance policy. It is a form that your insurance carrier files on your behalf as proof that you have enough coverage to comply with the state minimum liability coverage requirement. Drivers need SR-22 coverage after a severe driving offense, such as repeated violations or DUI. Finding cheap DUI insurance may be challenging, as the violation increases rates.
SR-22 insurance in Minnesota is necessary to prove that you have auto insurance coverage that meets the state minimum requirements, including:
- $30,000 bodily injury liability coverage per person
- $60,000 bodily injury liability coverage per accident
- $10,000 property damage liability coverage per accident
- $25,000 uninsured/underinsured motorist coverage per person
- $50,000 uninsured/underinsured motorist coverage per accident
- $40,000 personal injury protection
Read more with MoneyGeek's Minnesota car insurance resources or estimate rates with our Minnesota car insurance calculator.
Who Needs SR-22 Insurance in Minnesota? And for How Long Do They Need It?
The type of violations that result in an SR-22 requirement will differ depending on state laws. In Minnesota, certain offenses will almost certainly require SR-22 coverage. These include the following:
- Reckless driving
- Driving without insurance coverage
- Driving with a suspended license
For minor violations, including a ticket or at-fault accident, an SR-22 is not necessary. To find the best insurance with a bad record, you will have to shop around and compare prices. The rates will vary from carrier to carrier. While they may be more expensive than a standard policy for a driver with a clean record, the rates will not be as high as those for drivers who need an SR-22.
Courts determine how long you will need SR-22 insurance in Minnesota based on the severity of your violation. Most drivers are required to maintain an SR-22 for three years.
How Do You Get SR-22 Insurance in Minnesota?
Minnesota insurers file SR-22 forms with the state upon the request of policyholders. However, some insurance providers may not cover high-risk drivers who need to obtain an SR-22. In that case, you will have to shop around to find the best insurer that offers this service. It is important to note that committing traffic violations leads to an increase in your insurance premium.
Non-Owner SR-22 Insurance in Minnesota
Being involved in a major driving violation in Minnesota can get your license suspended. If that happens, you may need to file an SR-22, which is a certificate of insurance verifying you have vehicle liability insurance in your name, to get your license reinstated. This is regardless of whether or not you own a car.
The most affordable way to prove you have a liability insurance policy in your name is to purchase a non-owner car insurance policy. This policy is ideal for those who require proof of insurance, even if they don’t own a car or drive frequently. It’s also best for those individuals who drive rented cars or frequently drive the cars of their friends or family.
For SR-22 filers, it costs an average of $942 per year to purchase non-owner car insurance in Minnesota. The prices offered by each insurance company differ significantly, with State Farm providing the most affordable SR-22 non-owner insurance on average, at $474 per year. USAA, which charges roughly $708 yearly, is the next cheapest. But this company only serves active and retired military members and their families.
The Average Cost of Non-Owner SR-22 Car Insurance in Minnesota
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MoneyGeek calculated non-owner car insurance rates in Minnesota for a driver with a DUI on their record, purchasing a policy 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 Minnesota
Drivers often have many questions when looking for SR-22 insurance in Minnesota. These questions are often related to the rates, filing process and where they should shop.
Read More About Car Insurance
MoneyGeek analyzed car insurance premiums from 12 of the top insurance companies in Minnesota that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Minnesota. 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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