Colorado SR22 Car Insurance: Understanding the Costs and Requirements

By Randy Luton | Last Updated: 09/21/2023

Navigating the world of auto insurance can be a daunting task, especially when it comes to specialized forms like the SR22. If you’re in Colorado, you might have heard about SR22 insurance and wondered what it’s all about. Let’s dive deep into the intricacies of SR22 insurance in Colorado.

What is SR22 insurance in Colorado?

If you find yourself in certain traffic violation situations in Colorado, you may be required to obtain an SR-22 certificate, which serves as proof of financial responsibility. This is necessary for offenses such as DUI, driving without insurance, multiple violations in a short period, or reinstating a suspended or revoked license. The duration of SR-22 filing varies from one to five years, contingent on the gravity of the offense. Repeat infractions usually lead to longer maintenance periods. Your insurance provider will assist in completing and filing the SR-22 form with the Colorado DMV. Keep in mind that being labeled a high-risk driver may lead to increased auto insurance premiums.

Requirements of SR22 insurance in Colorado

In Colorado, SR-22 insurance mandates maintaining the state’s minimum liability coverage. This ensures compliance with Colorado state laws:

  • A minimum of $25,000 per person and $50,000 per accident for bodily injury coverage.
  • Property damage coverage of at least $15,000.

How much is SR22 insurance in Colorado? 

If you’ve got a DUI on your record in Colorado, your car insurance rates will likely go up. For basic coverage, expect around $755 a year, and for full coverage, it could be as high as $1,660 annually. Remember, other offenses like speeding or accidents may also mean you need to file an SR-22 form. Insurers see you as riskier, so keep a clean record and drive safely to avoid higher costs. 

How long do I need SR22 insurance in Colorado?

Typically, individuals are required to maintain SR 22 for about three years, but this duration can vary based on the nature of the violation.

Which companies offer SR22 insurance in Colorado?

Many car insurance companies in Colorado offer SR22 insurance. Some of the popular ones include such as: 

It’s always a good idea to shop around and compare quotes to find the cheapest SR22 insurance in Colorado.

What is Non-Owner Colorado SR22 insurance?

If you need SR22 insurance in Colorado but don’t own a car, don’t worry – there’s a solution called non-owner insurance policy. This type of insurance is for folks who must prove financial responsibility but don’t have a vehicle. Non-owner SR22 insurance in Colorado can often be more affordable than regular SR 22 insurance, but the exact cost varies depending on your individual situation. It’s a practical option to meet legal requirements without owning a car.

How much does a non-owner SR22 cost in Colorado? 

Non-owner car insurance in Colorado typically costs around $43 a month, aligning with the national average. Keep in mind that your age, driving history, and the type of car you drive can have a bigger impact on your actual rates. It’s important to note that non-owner car insurance policies vary based on location and personal factors. 

So, while the average cost is a helpful benchmark, individual circumstances play a crucial role in determining the final price.

How to get SR22 insurance in Colorado?

To obtain SR22 in Colorado follow these steps: 

  1. Contact Your Insurance Provider: First, you need to reach out to your current auto insurance provider. Ask if they provide SR 22. If they do, they’ll help you get the SR-22 process done. If they are not providing, you may need to explore other options.
  2. Consider shopping around: If they are not providing SR-22, you need to look for a different auto insurance company that is.
  3. Complete SR22 Filing: Once you find the suitable auto insurance company as per your requirements, they will handle the paperwork for you. They will submit the SR-22 form on your behalf. There is usually a small filing fee associated with this process.
  4. Receive the SR-22 Certificate: once they complete the process of filing SR-22, You will receive a copy of your SR-22 certificate. Make sure you keep this certificate and provide it as proof of insurance when required.

Remember, SR 22 is often associated with non-owner insurance policies, so make sure to discuss this option with your chosen provider. This process ensures you meet the necessary requirements set by the Colorado DMV.

Whether it’s understanding the requirements of SR22 insurance, figuring out the costs, or finding the right provider, it’s essential to be informed. Colorado residents have several options when it comes to SR22, and with the right information, you can navigate this process smoothly.

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Editorial Guidelines: The above is meant as general information to help you understand the different aspects of auto insurance. This information does not refer to any specific auto insurance policy. Coverages and other features vary between insurers, vary by state, and are not available in all states. References to costs of coverages/repair, average or typical premiums, amounts of losses, deductibles, etc., are indicative and may not apply to your situation. We encourage you to speak to our insurance representative and to read your policy contract to fully understand your coverages.

Randy Luton is the Founder and CEO of RateForce. He is passionate about InsurTech services and has in-depth knowledge about the auto insurance sector of the USA.