SR22 Colorado Insurance: What You Need to Know

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For many drivers in Colorado, the need for SR22 insurance can be a confusing and stressful experience. However, understanding the basics of SR22 insurance can help you navigate the process with greater ease.

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What is SR22 Insurance?

SR22 insurance is a type of auto insurance policy that is designed for high-risk drivers. This type of policy is typically required by drivers who have been convicted of a DUI or other serious driving offense, or who have had their license suspended or revoked.

In Colorado, drivers who have been convicted of a DUI or who have had their license suspended for any reason are required to carry SR22 insurance for a period of three years.

How Does SR22 Insurance Work?

SR22 insurance is not a separate type of insurance policy. Instead, it is an endorsement that is added to your existing auto insurance policy. This endorsement serves as proof to the state that you are carrying the minimum amount of liability insurance required by law.

If you are involved in an accident while carrying an SR22 endorsement, your insurance company will pay out up to the limits of your policy. However, if the damages exceed the limits of your policy, you will be responsible for paying the difference.

How Much Does SR22 Insurance Cost?

The cost of SR22 insurance can vary widely depending on several factors, including your driving record, the make and model of your vehicle, and the amount of coverage you choose to carry.

In general, however, drivers who are required to carry SR22 insurance can expect to pay significantly more for their auto insurance than drivers who have a clean driving record.

Frequently Asked Questions

Question
Answer
What is the minimum amount of liability insurance required for an SR22 endorsement in Colorado?
In Colorado, drivers who are required to carry an SR22 endorsement must carry liability insurance with at least 25/50/15 coverage.
How long do I have to carry SR22 insurance in Colorado?
In Colorado, drivers are typically required to carry SR22 insurance for a period of three years. However, this requirement may be longer for drivers who have had multiple driving offenses.
What happens if my SR22 insurance policy lapses?
If your SR22 insurance policy lapses for any reason, your insurance company is required to notify the Colorado DMV. This may result in the suspension of your driver’s license.
Can I switch insurance companies while carrying an SR22 endorsement?
Yes, you can switch insurance companies while carrying an SR22 endorsement. However, you will need to make sure that your new insurance company is aware of the SR22 requirement and is willing to add the endorsement to your policy.
What happens if I move to another state while carrying an SR22 endorsement?
If you move to another state while carrying an SR22 endorsement, you will need to make sure that your new insurance policy meets the minimum requirements of your new state. You may also need to file a new SR22 endorsement with your new state’s DMV.

Benefits of Working with an Experienced Insurance Agent

If you are required to carry SR22 insurance in Colorado, working with an experienced insurance agent can help make the process less stressful and more manageable.

An experienced insurance agent can help you find an insurance policy that meets the minimum requirements for SR22 endorsement, while also providing the coverage you need to protect yourself on the road.

Additionally, an experienced insurance agent can help you navigate the often-confusing process of filing an SR22 endorsement with the Colorado DMV, ensuring that you remain in compliance with the law and avoid any unnecessary penalties or fines.

Conclusion

Carrying SR22 insurance can be a challenging experience, but understanding the basics of this type of policy can help make the process easier. By working with an experienced insurance agent and staying informed about the requirements of the law, you can protect yourself on the road and maintain your driving privileges in Colorado.

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