In Vermont, drivers convicted of severe driving violations like a DUI need SR-22 insurance. The insurance carrier will file this on behalf of the driver to confirm that their coverage meets the state minimum requirements. While it is the same as a standard auto insurance policy, it may cost more because of the violation associated with it. MoneyGeek found that the cheapest insurers for drivers with SR-22 insurance in Vermont are USAA and Allstate, costing an average of $322 annually.
Vermont SR-22 Insurance: What it is and How Much it Costs
Which Vermont Insurance Companies Offer the Cheapest SR-22 Insurance?
A driver with SR-22 insurance in Vermont pays higher premiums than those with a standard Vermont car insurance policy because of the severity of the violation. A policy meeting only the state minimum requirements costs an average of $384 per year for drivers with a clean record. A similar policy costs $715 on average for drivers who need to file SR-22 insurance because of a DUI.
If you are looking for cheap SR-22 insurance in Vermont, it’s a good idea to shop around for rates. MoneyGeek’s study found that the cheapest options are USAA and Allstate. Both have an average rate of $322 per year. However, USAA is only available to military families.
Cheapest Companies for SR-22 Insurance in Vermont
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These rates are based on an auto insurance policy that only meets the state minimum auto insurance requirements or a full coverage policy covering $100,000 in bodily injury liability costs per person, up to $300,000 per accident and $100,000 in property damage costs.
These are only average car insurance rates. Actual premium prices will vary depending on various factors, like the cost of filing SR-22 insurance in Vermont, the severity of the driving violation and the loss of discounts. To find the lowest rates and best policy for your needs, make sure to compare quotes from at least three car insurance providers.
SR-22 insurance in Vermont comes with a one-time filing fee that usually costs around $25.
A high-risk traffic violation will remove your eligibility for good driver discounts, making SR-22 insurance in Vermont even more expensive.
Auto insurance costs for drivers who need SR-22 will vary depending on the severity of the driving violation. For instance, more serious offenses like a hit-and-run will cause steeper rates than a DUI.
What Is SR-22 Insurance in Vermont? Who Needs It? How Do You Get It?
In Vermont and elsewhere, SR-22 insurance is not a type of policy. Instead, it is a form that your insurance provider files on your behalf to prove that your auto insurance coverage meets the minimum liability requirements in the state. Drivers who commit serious driving violations, such as a DUI, reckless driving or repeated driving violations, need SR-22 insurance in Vermont. Your insurance after a DUI will cost more than when you had a clean record.
SR-22 insurance in Vermont serves as proof that your auto insurance coverage meets the minimum car insurance requirements in the state. In Vermont, these requirements include:
- $25,000 bodily injury liability coverage per person
- $50,000 bodily injury liability coverage per accident
- $10,000 property damage liability coverage per accident
- $50,000 uninsured/underinsured motorist coverage per person
- $100,000 uninsured/underinsured motorist coverage per accident
- $10,000 uninsured/underinsured motorist property damage coverage per accident
Who Needs SR-22 Insurance in Vermont? And for How Long Do They Need It?
The types of driving violations that result in an SR-22 insurance requirement may vary depending on the state. However, in Vermont and elsewhere, a driver will almost certainly need to secure SR-22 insurance if they commit any of the following severe violations:
- Reckless driving
- Driving without insurance coverage
- Driving with a suspended license
In most cases, minor violations like a ticket or standard accident will not require SR-22 insurance in Vermont. However, insurance after an accident or ticket may be more expensive than a policy for a driver with a clean record.
Your conviction will determine how long you will need SR-22 insurance in Vermont, but it is usually three years.
How Do You Get SR-22 Insurance in Vermont?
Only insurance companies are allowed to provide SR-22 certificates in Vermont. They will file the document with the Department of Motor Vehicles on your behalf. SR-22 insurance in Vermont is necessary for high-risk drivers who committed severe violations. Because of this, some insurance providers may choose not to cover you. Meanwhile, insurers offering SR-22 insurance will likely increase your premium.
Non-Owner SR-22 Insurance in Vermont
Major driving violations can lead to the suspension of your license in Vermont. For license reinstatement and to prove you have insurance, you may need to get SR-22 insurance in Vermont.
For drivers who do not own a car, consider getting non-owner SR-22 insurance in Vermont. Non-owner car insurance is an affordable option for those who need proof of insurance to get a license or who regularly borrow or rent cars.
The average cost of non-owner car insurance in Vermont is $724 per year, but prices can vary by company. Based on average rates, the cheapest company for non-owner SR-22 insurance in Vermont is USAA at $167 per year. However, USAA policies are only available to military members and their families. The second cheapest option is Nationwide, which has an average rate of $417 annually.
The Average Cost of Non-Owner SR-22 Car Insurance in Vermont
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All rates used for non-owner car insurance are for Vermont drivers with a DUI on their records 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 Vermont
Most drivers looking for SR-22 insurance in Vermont often have questions regarding the rates, the filing process and who to shop with. Here are some of the most frequently asked questions.
Read More About Car Insurance
MoneyGeek analyzed renters insurance premiums from nine of the top insurance companies in Vermont that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Vermont. 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.
About the Author
- Agency of Transportation-Department of Motor Vehicles. "Insurance." Accessed May 29, 2021.