If you’ve been convicted of a DUI or other serious driving offense, you may be required to obtain SR22 insurance. While this type of insurance can be more expensive than traditional auto insurance, there are ways to find the cheapest SR22 options. In this article, we’ll go over everything you need to know about SR22 insurance and how to find the most affordable coverage.
What is SR22 Insurance?
SR22 insurance is a type of auto insurance that’s required for drivers who have committed serious driving offenses. It’s often required after a DUI, reckless driving, or driving without insurance. The purpose of SR22 insurance is to prove to the state that you have the minimum insurance coverage required for driving, and to ensure that you’re financially responsible for any future accidents or damages.
While SR22 insurance is often more expensive than traditional auto insurance, there are several ways you can find the cheapest options available. Let’s take a look at some of the best strategies for saving money on SR22 insurance.
How to Find the Cheapest SR22 Insurance
Compare Quotes from Multiple Providers
One of the most effective ways to find the cheapest SR22 insurance is to compare quotes from multiple providers. Different insurance companies have different rates for SR22 insurance, so it’s important to shop around and find the best deal. You can use online comparison tools to quickly and easily compare quotes from multiple providers.
Look for Discounts
Many insurance providers offer discounts for SR22 insurance. For example, some providers offer discounts for completing defensive driving courses or installing safety features on your car. Be sure to ask about any available discounts when you’re shopping around for SR22 insurance.
Choose a Higher Deductible
Choosing a higher deductible can help lower your monthly SR22 insurance premiums. However, it’s important to make sure you can afford to pay the higher deductible if you’re ever in an accident.
Improve Your Credit Score
Believe it or not, your credit score can affect your SR22 insurance rates. Insurance providers often use credit scores as a factor when determining rates. If you can improve your credit score, you may be able to get a lower SR22 insurance rate.
Reduce Your Coverage
If you’re struggling to find affordable SR22 insurance, you may be able to reduce your coverage to lower your premiums. However, be sure to discuss this option with your insurance provider to make sure you have enough coverage to protect yourself in the event of an accident.
FAQ About SR22 Insurance
What’s the Average Cost of SR22 Insurance?
The cost of SR22 insurance varies based on a number of factors, including your driving record, your age, and the state you live in. However, on average, SR22 insurance can cost anywhere from $20 to $50 per month.
How Long Do I Need to Have SR22 Insurance?
The length of time you need to have SR22 insurance varies based on the state you live in and the offense you committed. In most states, you’ll need to have SR22 insurance for at least three years.
Do I Need SR22 Insurance if I Live in a State That Doesn’t Require It?
If you’re required to have SR22 insurance due to a previous offense, you’ll need to maintain SR22 insurance even if you move to a state that doesn’t require it.
Can I Get SR22 Insurance Without Owning a Car?
Yes, you can obtain non-owner SR22 insurance if you don’t own a car but still need to maintain SR22 insurance due to a previous offense.
What Happens if I Don’t Have SR22 Insurance?
If you’re required to have SR22 insurance and you don’t maintain coverage, your driver’s license and vehicle registration could be suspended. You may also face fines and other penalties.
While SR22 insurance can be more expensive than traditional auto insurance, there are strategies you can use to find the cheapest options available. By comparing quotes from multiple providers, looking for discounts, choosing a higher deductible, improving your credit score, and reducing your coverage, you can save money on SR22 insurance and still maintain the coverage you need to stay on the road.
Provides proof of insurance for drivers with serious driving offenses
Can be more expensive than traditional auto insurance
Ensures financial responsibility for future accidents or damages
May require a higher deductible
Offers peace of mind knowing you’re legally covered to drive
You may need to maintain SR22 insurance for several years