Average Cost of SR22 Insurance in Wisconsin: What You Need to Know
SR22 insurance is a financial responsibility certificate required in Wisconsin for drivers who have faced serious traffic violations or license suspensions. It serves as proof that a driver carries the minimum required liability coverage. The average cost of SR22 insurance in Wisconsin can vary widely depending on factors such as driving history, coverage limits, and insurance provider. Understanding these costs helps drivers make informed decisions when seeking SR22 insurance coverage.
| Cost Perspective | Estimated Price Range | Details |
|---|---|---|
| Average Monthly Premium | $150 – $400 | Higher than standard due to risk factors |
| SR22 Filing Fee | $15 – $50 (one-time) | Fee paid to insurance company or state for filing SR22 |
| Minimum Coverage Requirements | Varies | Liability coverage minimums influence cost |
| Annual Total Cost | $1,800 – $4,800 | Combination of premium and filing fees |
What Is SR22 Insurance and Why Is It Required in Wisconsin?
SR22 is not an actual insurance policy but a certificate of financial responsibility filed by an insurance company to the Wisconsin Department of Transportation (WisDOT). It is mandated for drivers who have committed offenses such as driving under suspension, DUI convictions, or multiple traffic violations. The primary goal is to ensure these high-risk drivers carry at least the state-mandated minimum liability coverage and maintain it for a specified period, usually three years.
Without SR22 insurance, drivers may face prolonged license suspensions or legal consequences. Obtaining SR22 is essential to regain driving privileges and show proof of responsible coverage.
Factors Impacting the Average Cost of SR22 Insurance in Wisconsin
The cost of SR22 insurance in Wisconsin can vary drastically due to several key factors affecting risk assessments by insurers.
Driving History and Violations
Breach behaviors—such as DUIs, reckless driving, or repeated traffic offenses—significantly increase the insurance premium. Insurance companies categorize these drivers as high-risk, which leads to elevated rates.
Age and Gender
Younger drivers and males statistically face higher premiums due to greater risk patterns. Those under 25, especially males, may experience the steepest SR22 insurance costs.
Coverage Limits and Policy Type
Higher liability limits or adding comprehensive and collision coverage to the policy elevates the premium. The cheapest SR22 policies often meet only the minimum state liability requirements.
Credit Score
Many insurers use credit-based insurance scores to assess risk. Low credit scores can increase premiums even further.
Insurance Provider Variability
Different companies offer varying SR22 rates, so shopping around can result in meaningful savings.
Minimum Liability Coverage Requirements for SR22 in Wisconsin
To file an SR22, Wisconsin requires the following minimum coverage amounts:
- Bodily Injury: $50,000 per person / $100,000 per accident
- Property Damage: $10,000 per accident
These minimums affect the overall premium cost; increasing these limits will raise rates accordingly.
Typical Costs Associated With SR22 Insurance in Wisconsin
Besides the insurance premium itself, drivers should consider additional fees and policy-related costs.
| Cost Component | Average Range | Description |
|---|---|---|
| Monthly Premium | $150 – $400 | Reflects insurer risk and coverage chosen |
| SR22 Filing Fee | $15 – $50 (one-time) | Charged by insurer or WisDOT for the SR22 certificate |
| Policy Fees | $0 – $20 | Varies by insurer; administrative fees |
| State Assessment Fees | $0 – $100 | Applicable in certain circumstances, like DUI convictions |
How Long Is SR22 Insurance Required in Wisconsin?
Wisconsin mandates SR22 filing for a minimum of three years or longer, depending on the violation type. Maintaining continuous coverage for this duration is critical to avoid reinstatement delays or further penalties.
Drivers must avoid policy cancellations or lapses, as that can result in reinstatement of driving restrictions or extended SR22 requirements.
Ways to Lower the Cost of SR22 Insurance in Wisconsin
Despite higher premiums, several approaches can help minimize SR22 insurance expenses:
- Opt for minimum liability coverage to keep premiums low
- Shop around and compare insurer quotes specifically for SR22
- Maintain a clean driving record during the SR22 period
- Consider completing defensive driving or driver improvement courses
- Improve credit score to secure better insurance rates
- Choose higher deductibles if comprehensive or collision coverage is added
Difference Between SR22 Insurance and Regular Car Insurance
SR22 insurance requires filing a specific certificate showing proof of liability coverage, whereas regular insurance does not have that requirement. SR22 also typically results in higher premiums due to the risk profile of the insured.
However, the insurance policy itself is similar, offering liability and optional full coverage, but SR22 adds a legal filing obligation, making it more expensive and regulated.
How to Obtain SR22 Insurance in Wisconsin
- Contact your current insurer to ask if they offer SR22 filings.
- If not, shop for insurers specializing in high-risk auto insurance in Wisconsin.
- Purchase a policy that meets or exceeds Wisconsin’s minimum liability requirements.
- Request the SR22 certificate filing with WisDOT from your insurer.
- Confirm filing and maintain continuous coverage for the required period.
Summary Table: Estimated SR22 Insurance Costs in Wisconsin
| Cost Element | Estimated Cost | Notes |
|---|---|---|
| Monthly Premium | $150 – $400 | Depends on driving record, age, and coverage |
| SR22 Filing Fee | $15 – $50 (one-time) | Paid upon policy initiation or renewal |
| Annual Total Premium | $1,800 – $4,800 | Includes fees and possible surcharges |
| Penalty Fees (if applicable) | $0 – $100 | Usually tied to specific violations like DUI |