It is important to look for good SR-22 rates in Colorado if you were in an accident and did not have insurance because this document may allow you to keep your driver’s license. Without an SR22 insurance form, the state is likely to prevent you from driving for a period of time. This is because this form is designed to keep the road safe for all drivers.

SR22 is not a form of insurance, but it allows the government to keep track of which drivers are insured. Colorado keeps track of the auto insurance policies for drivers that have engaged in high-risk driving behaviors because these drivers are the most likely to get into auto accidents.

If high-risk drivers do not have insurance, then any accidents that they cause may not be able to get paid for. There would be no one to pay for the damage inflicted on the victims of these accidents. Continue reading to learn more about how to get SR22 insurance in CO and details about what this form of proof of insurance means, as well as how and when you need it.

What is Colorado SR22 insurance?

Despite the name, SR22 is not actually auto insurance. Instead, the SR22 form tells the government of certain aspects of your insurance policy, such as the name of the policy and the range of dates for which it will be active, and requires the company to let the government know if your coverage ever lapses. You need to go to your local insurance company and ask them to give you a policy with proof of insurance.

Who needs SR22 insurance in Colorado?

Looking up SR22 insurance quotes is not necessary for all drivers in the state. There are two situations where an SR22 policy will be required, which include:

  • After an accident, when you need to prove you comply with the Financial Responsibility Act.
  • After your license has been suspended in order to get your driving privileges back.

It will depend on your situation, but SR22 insurance may allow you to avoid a suspension if you get it quickly enough. Essentially, it is one of the options you have in order to cover your Financial Responsibility Requirements after an accident. Other options include proof that you had insurance during the collision, proof that the courts determined you were not responsible for damages caused by the accident or a Release From Liability form.

If you use the SR-22 in order to cover your Financial Responsibility Requirements, then you will need one additional piece of documentation. This documentation can be:

  • A form proving your bankruptcy after the collision.
  • Payment to any individuals you are liable to after the collision.
  • A form showing you do not hold liability for the collision.
  • A notarized Waiver of Security Financial Responsibility.
  • A notarized Promissory Note.

Reinstating Driving Privileges With SR22 In Colorado

Those who need an SR22 form in Colorado will need to present the document to the state. An SR-22 form can help you can reinstate your driving privileges through the following way:

  • In person
  • Via mail
  • Online

Colorado’s DMV has several locations that offer reinstatement capabilities through the SR-22 process but they do not allow for all types of reinstatement. If you need a reinstatement after an accident or DUI, then you will need to use one of the other options.

One of these other options is using the mail. You can mail your SR-22 form along with the required fees and an Application for Reinstatement to Colorado’s Department of Revenue Driver Control Reinstatement P.O. Box. This process can take 20 days to be processed, so if you need your privileges reinstated quickly, then you will want to reinstate your privileges online.

If you want to reinstate your privileges online, then you will have to visit the Colorado DMV’s website and use their MyDMV portal. There you will be able to upload the SR22 policy form and make the required payment you need to reinstate your license.

How to Get SR22 Insurance in Colorado

SR22 insurance quotes can be found at Colorado insurance agencies. The government does not provide these forms to individuals, so you must get the form itself when you sign up for insurance. You will then be able to send the form in or drop it off at your local Department of Motor Vehicles location.

If you cancel your SR-22 policy for any reason, then you must get a new one before your current one expires. If you do not do so within the required timeframe, then your driving privileges will be suspended. You will then have to get a new policy and pay for reinstatement.

Penalties for Not Filing an SR22 Form In Colorado

If the government has decided you needed an SR-22 policy, then you will not be able to reinstate your driving privileges until you get that policy. If, on the other hand, you got your license reinstated and your policy was canceled, then there will be a grace period during which you can get the proof of insurance that you need. If you do not file a new SR-22 form during this time, then your driving privileges will be suspended.

Legally, you are allowed to petition this suspension, but your privileges will not be reinstated if the DMV was informed of a policy cancelation. Once you get the SR22 form that you need, you will be able to reinstate your driving privileges.

Last updated on Wednesday, October 14 2020.