Sr22 Insurance Colorado: Everything You Need to Know

SR22 insurance is a type of car insurance that is required by the government for individuals who have been convicted of certain driving offenses such as drunk driving, driving without insurance or reckless driving. This type of insurance is also known as a certificate of financial responsibility and is designed to ensure that drivers who have had their licenses revoked or suspended can legally drive once again.

Why Do You Need SR22 Insurance in Colorado?

If you have been convicted of a serious driving offense, you are required by law to file an SR22 form with the Colorado Department of Revenue. This form proves to the state that you have liability insurance coverage that meets Colorado’s minimum coverage requirements. Your insurance company will file the SR22 form on your behalf and notify the state that you are compliant with the law.

It is important to note that if you do not purchase SR22 insurance, your license may be suspended indefinitely. Additionally, you could face fines and other penalties that could affect your ability to get back behind the wheel.

What Does SR22 Insurance Cover?

SR22 insurance only covers liability issues, meaning if you are involved in an accident or cause property damage, your insurance will cover the cost of damages or injuries to others. It does not cover your own injuries or damages to your own vehicle.

In Colorado, the minimum liability coverage required for SR22 insurance is $25,000 per person, $50,000 per accident for bodily injury, and $15,000 per accident for property damage. Keep in mind that these are only the minimum coverage requirements, and you may want to consider purchasing additional coverage depending on your specific needs.

How Long Do You Need SR22 Insurance in Colorado?

In Colorado, you are required to maintain SR22 insurance for a minimum of three years. During this time, you must keep your insurance policy active and in good standing. If your policy lapses or is cancelled, your insurance company is required to notify the state, which could result in your license being suspended once again.

How Much Does SR22 Insurance Cost in Colorado?

The cost of SR22 insurance in Colorado varies depending on several factors, such as your driving history, age, and the type of vehicle you drive. On average, you can expect to pay anywhere from $20 to $50 per month for your SR22 insurance policy, in addition to the cost of your regular car insurance premiums. Keep in mind that if you are considered a high-risk driver, your rates may be higher.

FAQ:

How to Get SR22 Insurance in Colorado

If you need SR22 insurance in Colorado, the first step is to contact an insurance company that offers this type of coverage. You will need to provide proof of your conviction and the reason for your suspension, as well as information about your current driving record and vehicle. Once you have been approved for coverage, your insurance company will file the SR22 form on your behalf with the Colorado Department of Revenue.

In conclusion, if you have been convicted of a serious driving offense in Colorado, it is important to understand the requirements for SR22 insurance. By maintaining your coverage and keeping your policy in good standing, you can get back on the road legally and avoid further penalties or fines.