What Is Progressive Sr22 Insurance?

Progressive Sr22 Insurance is a type of car insurance specifically designed for high-risk drivers. This type of insurance is typically required by state motor vehicle agencies when a driver has had their license revoked or suspended due to serious traffic violations like DUIs. The SR22 is a form that is filed by the insurance company to the state which verifies that the driver has sufficient financial responsibility to cover any potential losses due to an automobile accident.

The SR22 form is also known as a Certificate of Financial Responsibility, and is usually required by states in order to reinstate or reissue a suspended driver’s license. To meet the requirements of the SR22 form, the driver must purchase a minimum amount of liability insurance coverage. This coverage is normally higher than the minimum coverage required for other drivers. The SR22 form typically needs to be renewed every three years.

How Much Does Progressive Sr22 Insurance Cost?

The cost of Progressive Sr22 Insurance depends on several factors including the driver’s age, driving record, and the state in which they live. The amount of coverage needed to meet the SR22 requirements also affects the cost. Generally, the cost of Progressive Sr22 Insurance is higher than the cost of regular car insurance. The amount of coverage needed to meet the SR22 requirements could be more than double the amount of coverage required for a standard car insurance policy.

In addition to the cost of the insurance itself, there is usually a filing fee associated with the SR22 form. This fee is usually around $25 and is paid directly to the state in which the driver lives. Depending on the circumstances, the filing fee may be reduced by the insurance company.

Factors Affecting The Cost Of Progressive Sr22 Insurance

The factors that affect the cost of Progressive Sr22 Insurance are the same factors that affect the cost of any other car insurance policy. These include the driver’s age, driving record, and the state in which they live. The amount of coverage needed to meet the SR22 requirements will also affect the cost. Other factors that may affect the cost include the type of car the driver drives, the driver’s credit score, and any discounts the driver may be eligible for.

In some cases, the cost of Progressive Sr22 Insurance may be reduced by taking a defensive driving course, or by having the SR22 form filed in a different state. Drivers who have had multiple traffic violations or have a history of unsafe driving may be required to pay a higher rate. The best way to find out how much Progressive Sr22 Insurance will cost is to get a free quote online.

Conclusion

Progressive Sr22 Insurance is a type of car insurance specifically designed for high-risk drivers. The cost of this type of insurance can vary depending on the driver’s age, driving record, and the state in which they live. In some cases, the cost of Progressive Sr22 Insurance may be reduced by taking a defensive driving course or by having the SR22 form filed in a different state. The best way to find out how much Progressive Sr22 Insurance will cost is to get a free quote online.