GITNUX MARKETDATA REPORT 2024
Statistics About The Average Cost Of Sr22 Insurance
The average cost of SR22 insurance in the United States ranges from $300 to $800 per year.
With sources from: moneygeek.com, insurance.com, policygenius.com, thebalance.com and many more
In this post, we will explore the average cost of SR-22 insurance based on a range of statistics and data collected from various states across the United States. SR-22 insurance, often required for high-risk drivers, carries unique pricing factors that can significantly impact insurance premiums. By analyzing specific statistics related to costs, state variations, additional fees, and duration requirements, we aim to provide a comprehensive overview of what individuals can expect when securing SR-22 insurance.
Interpretation
In conclusion, the average cost of SR-22 insurance varies significantly based on factors such as driving history and location. DUI/DWI offenses are the primary reason for SR-22 filings, with initial costs for first-time offenders being higher but potentially decreasing over time with a clean record. Costs can range from around $300 to $2,500 annually, with additional filing fees and increased premiums factoring into the overall expenses. On average, individuals with an SR-22 can expect their insurance rates to increase by about 50% to 70%. It is important to note that the duration of needing an SR-22 certificate typically ranges from three to five years, adding a long-term financial burden for those affected.
Jannik Lindner
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