The Secret of Cheap SR22 Insurance
Auto insurance can be a major expense for many drivers. If you’re considered a high-risk driver who needs SR22 insurance, your rates may be even more expensive.
But affordable SR22 insurance may be possible!
Here’s what you need to know about finding cheap SR22 insurance.
How Car Insurance Works: The Basics
Key Terms to Know
- SR22 Insurance: A certificate of financial responsibility that shows you have met the state’s auto insurance requirements
- Liability Auto Insurance: Auto insurance that covers bodily injury or property damage to third parties
Insurance is all about risk.
Every time you drive, there’s a risk that you will cause a crash. When you purchase an insurance policy, you’re transferring some of this risk to the insurance company. If you cause a crash, your insurance company will have to pay for the injuries and property damage suffered by the other party, up to the policy limits. To stay in business, the insurance company has to charge rates that are high enough to cover this risk.
Pretty simple so far. But here’s the catch – some people get into crashes more often than other people. This can be for a variety of reasons, like how much people drive, where they live and how experienced they are behind the wheel.
Driving habits also matter. Some people drive very carefully. Other people have a history of speeding, aggressive driving or DUIs.
Lower Risk = Lower Rates
Different people have different levels of risk. The rate that your insurance company charges you is based on its estimation of your personal risk.
Needing an SR22 insurance certificate indicates that you have a higher level of risk. This may be because you’ve gotten into a crash without insurance or because you’ve been convicted of a DUI. It could be for a different reason, too. Your state decides who is considered high risk and needs SR22 insurance.
The Good News
When your insurance company sees that your state considers you to be high risk, it may impact your rates.
The SR22 document filing is not expensive. It’s the actual insurance that will cost you. But there’s good news.
Different insurance companies calculate risk differently. This means that it may be possible to find affordable car insurance, even if you need SR22 insurance. That’s where we come in. Because we are affiliated with many different insurance companies, we can search the market on your behalf and find the best SR22 insurance rate for you. Ready to get started?
Everything You Wanted to Know About Cheap SR22 Insurance
Have more questions about cheap SR22 insurance? Check out these FAQs.