If you’ve been informed that you need an SR-22, you might be wondering how much it will cost, especially if you’re insured with Geico. At Rate Frog, we provide detailed information to help you understand what an SR-22 is, why you might need one, and how much Geico charges for this service.
What is an SR-22?
An SR-22 is a certificate of financial responsibility required by the state for high-risk drivers. It is not insurance itself but a document that proves you have the minimum required liability insurance coverage. Reasons you might need an SR-22 include:
- DUI/DWI Convictions: Driving under the influence of alcohol or drugs.
- Serious Traffic Violations: Major offenses like reckless driving.
- At-Fault Accidents Without Insurance: Being involved in an accident while uninsured.
- Multiple Traffic Violations: Accumulating too many points on your driving record.
- License Suspension or Revocation: Having your license suspended or revoked.
How Does an SR-22 Work?
An SR-22 is filed by your insurance company with the state’s Department of Motor Vehicles (DMV). It verifies that you have the necessary insurance coverage to meet state requirements. You’ll need to maintain this coverage for a specified period, typically three years, though this can vary by state.
Cost of an SR-22 with Geico
1. Filing Fee
Geico charges a filing fee for submitting the SR-22 form to the state. This fee is generally modest, typically ranging from $15 to $25. The exact amount can vary by state.
2. Increased Premiums
In addition to the filing fee, having an SR-22 on your record usually results in higher insurance premiums. This is because an SR-22 designation indicates that you are a high-risk driver. The increase in premiums can vary widely based on several factors:
- Driving Record: The severity and number of violations on your driving record.
- State Requirements: The minimum coverage requirements in your state.
- Insurance Provider: Different insurance companies have different rate increases for SR-22 drivers.
Example Costs
While exact figures can vary, here are some general estimates of how much you might expect to pay for Geico car insurance with an SR-22:
- Filing Fee: $15 to $25
- Increased Premiums: Depending on your driving record and other factors, premiums can increase by 50% to 100% or more. For example, if your current premium is $1,200 per year, it might increase to $1,800 to $2,400 per year with an SR-22.
How to Obtain an SR-22 from Geico
1. Contact Geico
To obtain an SR-22, you need to contact Geico directly. Here are the contact details:
- Phone: Call Geico’s customer service at 1-800-861-8380.
- Local Agent: Visit a local Geico agent to discuss your needs in person.
2. Provide Necessary Information
Be prepared to provide the following information:
- Personal Information: Your name, address, and driver’s license number.
- Reason for SR-22: Information about the reason you need an SR-22 (e.g., DUI conviction, at-fault accident).
- Current Policy Details: If you already have a policy with Geico, provide your policy number and details.
3. Pay the Filing Fee
Geico will charge a fee for filing the SR-22 with the state. Ensure you understand this fee and make the payment as required.
4. Maintain Continuous Coverage
Once the SR-22 is filed, it’s crucial to maintain continuous insurance coverage. Any lapse in coverage can result in severe penalties, including the suspension of your driver’s license.
Tips for Managing SR-22 Costs
1. Compare Quotes
While Geico may offer competitive rates, it’s always a good idea to compare quotes from multiple insurance providers. Some insurers specialize in high-risk drivers and might offer better rates.
2. Improve Your Driving Record
Focus on improving your driving habits to avoid further violations and reduce your insurance premiums over time.
3. Ask About Discounts
Inquire about any available discounts that might help offset the cost of your insurance, such as good driver discounts, multi-policy discounts, or defensive driving course discounts.
Final Thoughts
Obtaining an SR-22 through Geico involves a modest filing fee and an increase in your insurance premiums due to your high-risk status. Understanding these costs and how to manage them can help you navigate the process more smoothly. At Rate Frog, we help you compare insurance quotes and find the best policies to suit your needs, even with an SR-22 requirement. Visit our platform today to explore your options and secure the right coverage for your peace of mind!