You’re a responsible driver–what could possibly go wrong? Before long, you find yourself facing a DUI charge and a suspended license. Ouch!
Fortunately, there’s a simple remedy: SR22 insurance. You can get your license reinstated and move on with life. Thinking of getting SR22 insurance? Wondering how much it will cost?
Here are some factors that will affect the price of your SR22 policy.
Factors That Increase the Cost of SR22 Insurance
SR22 insurance is a type of insurance that is required by those who have had their license revoked or suspended due to an infraction. The cost of SR22 insurance can vary significantly depending on a few important factors.
Generally, factors that increase the cost of SR22 insurance are higher levels of risk, such as past DUI or DWI convictions. As well as an excessive number of traffic tickets or lack of previous coverage. Additionally, a driver’s age and location can also increase the cost. This is because drivers who are younger, have less experience, or live in areas with a lot of people are thought to be riskier.
Theft protection, comprehensive, and collision coverage can further raise SR22 insurance costs. Lastly, a driver’s SR22 insurance cost is likely to go up if they don’t pay their insurance premiums on time or don’t keep their coverage up to date.
Factors That Decrease the Cost of SR22 Insurance
There are a number of factors that can affect the cost of SR22 insurance, with some factors decreasing the overall cost of the insurance. One of the most important factors is the type of vehicle the policyholder is driving.
Policies on vehicles that are cheaper to insure. Such as a motorcycle or a car with a smaller engine tend to cost significantly less than those higher-end vehicles. The policyholder’s driving record can play a role in the cost of coverage too.
Those with clean records and a history of responsible driving will usually get better rates. This is compared to those with speeding tickets, DUIs, and other citations. Additionally, policyholders may be able to get better rates.
This is by completing an approved safety course or defensive driving course. Or bundling an SR22 policy with another insurance policy that a provider offers. Make sure to get your verified rate now in order for your to get the best sr22 insurance quotes you can have.
State-By-State Cost Differences for SR22 Insurance
The cost of SR22 insurance varies from state to state, which affects the overall cost of coverage per individual. Different states have different minimum liability requirements, as well as different legal precedents that can affect how much a policyholder pays.
States also may set different limits on how much insurers can charge for both standard and high-risk policies. Other factors that can affect the cost of some of the cheapest SR22 insurance are policy type (standard or high risk), zip code (the higher the population, usually the higher the rate), driving record, and the amount of coverage.
The True Price of SR22 Insurance
The cost of SR22 insurance is affected by many factors, such as driving record and vehicle type. To get the best rate on your SR22, work with a qualified insurance agent who can provide you with the most competitive quotes and options. Shop around and compare rates to find the best policy for you.
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