Welcome to our comprehensive guide on finding the cheapest SR-22 insurance in Texas. In this article, we will provide you with all the necessary information about SR-22 insurance, its requirements, and the top insurance companies in Texas offering the most affordable rates. Whether you’re a driver in need of SR-22 coverage or simply looking for non-owner SR-22 insurance, we’ve got you covered!
Table of Contents
What is SR-22 Insurance?
SR-22 insurance, also known as a Certificate of Financial Responsibility (CFR) filing, is a document that proves you have the minimum amount of car insurance required by law. It is typically required for drivers who have been convicted of certain serious driving offenses, such as driving under the influence (DUI), reckless driving, or driving without insurance.
Why is SR-22 Insurance Needed?
SR-22 insurance is needed for drivers who are considered high-risk by insurance companies and the state. Having an SR-22 filing allows the state to monitor your car insurance status and ensures that you meet the required insurance coverage.
SR-22 Insurance Requirements in Texas
To obtain SR-22 insurance in Texas, you must follow these steps:
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Contact an Insurance Company: Reach out to an insurance company that offers SR-22 insurance in Texas. It is essential to choose a reputable and reliable provider.
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Purchase the Required Insurance Coverage: You will need to purchase the minimum liability coverage required by the state of Texas. The specific coverage limits are as follows:
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$30,000 for bodily injury or death per person
- $60,000 for bodily injury or death per accident involving two or more people
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$25,000 for property damage coverage
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Request an SR-22 Filing: Inform your insurance company that you require an SR-22 filing. They will handle the necessary paperwork and submit the SR-22 form to the Texas Department of Public Safety (DPS) on your behalf.
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Pay the SR-22 Filing Fee: There is typically a one-time filing fee associated with the SR-22 form. The fee amount varies by insurance company but is generally affordable.
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Maintain Continuous Coverage: It is crucial to maintain continuous coverage throughout the required SR-22 filing period. Failure to do so could result in the suspension of your driving privileges.
The Cheapest SR-22 Insurance Companies in Texas
Now that you understand the importance and requirements of SR-22 insurance in Texas, let’s explore the insurance companies that offer the most affordable rates. Keep in mind that the rates mentioned are based on average annual premiums.
1. State Farm
State Farm is widely recognized as one of the cheapest SR-22 insurance providers in Texas. Their average annual premium for drivers with an SR-22 filing is $419. With State Farm, you can secure the required coverage at a competitive price.
2. Mercury
Mercury Insurance is another excellent option for affordable SR-22 insurance in Texas. They offer coverage at an average annual premium of $543, making them a cost-effective choice for drivers in need of an SR-22 filing.
3. USAA
USAA, although exclusively available to military members and their families, offers incredibly low rates for SR-22 insurance. Their average annual premium for drivers with an SR-22 filing is $381, making them one of the most affordable options in Texas.
4. Nationwide
Nationwide Insurance also provides competitive rates for SR-22 insurance in Texas. Their average annual premium for drivers with an SR-22 filing is $365, offering a budget-friendly option for drivers looking to meet the SR-22 requirements.
Conclusion: The Best Affordable Option for SR-22 Insurance in Texas
After careful consideration, our top recommendation for the best affordable SR-22 insurance in Texas is State Farm. With their average annual premium of $419, they offer a great balance between quality coverage and affordability. State Farm has a strong reputation and a wide network of agents, ensuring you receive excellent customer service throughout your SR-22 filing period.
To find the best SR-22 insurance coverage with State Farm, click here and get started on securing your financial responsibility today.
Remember, obtaining SR-22 insurance is a necessary step for regaining your driving privileges and maintaining compliance with Texas state law. By choosing the right insurance company and maintaining continuous coverage, you can protect yourself and those around you while enjoying the freedom of the open road. Stay safe and ensure you have the required SR-22 insurance in Texas.
Maxwell Underwood, a seasoned insurance expert with over 20 years in the field, has dedicated his career to sculpting robust and sensible insurance solutions for individuals and businesses alike. Educated in Finance at the University of Chicago, he combines academic prowess with practical experience, navigating through diverse insurance products and regulatory environments. Maxwell prioritizes a client-centric approach, crafting policies that balance comprehensive coverage with economic feasibility. A respected voice in the industry, he contributes to insurance journals and speaks at forums, sharing insights drawn from his rich professional journey. His philosophy intertwines sound financial planning and thorough protection, ensuring clients’ serenity and financial stability amidst life’s uncertainties.
