Most often, the need to file an SR22 is the result of a high-risk driving incident, like a previous accident in which you may not have been properly insured or you’ve been arrested for or convicted of a DUI. As professionals in the industry, we know that securing insurance like this (also known as high-risk insurance) can be very expensive—but this doesn’t have to be the case. If you have found yourself in need of a new policy to begin driving again and you aren’t exactly prepared to pay top dollar for the privilege, you’ll need a way to secure cheap SR22 insurance. That’s where our secret tips come in handy.
What Is SR22 Insurance?
To start, the phrase “SR22 insurance” is a little misleading. An SR22 isn’t exactly the insurance policy—it is a form you need to file with the DMV to begin driving again. This form basically assures the DMV that you have secured the proper insurance to cover you in case of an accident. Because of the potential cost associated with high-risk drivers, many big-name companies refuse to carry SR22 insurance (never mind cheap SR22 insurance). This may leave you stranded without coverage when it’s needed the most.
How Can I Secure Cheap SR22 Insurance?
Shop around—or really, let a broker shop for you. When you go directly to one insurance company, your quotes are going to be coming from employees of that company. An insurance broker can look at an array of policies from multiple companies to find the coverage you need that fits within your budget.
What ELSE Can I Do to Lower My Insurance Costs?
Ready for our secret tips? Here you go!
- Insure the oldest vehicle. If you have a second car that you can drive for a while, one that might be older or less attractive to criminals (this affects your rates, too), insure it instead. Just remember, you won’t be able to drive the other vehicle without risking further tickets and expenses (however, you can always switch your insured vehicles once you’re in a better financial situation or after some time has passed following your driving incident).
- Lower your coverage. If top-of-the-line insurance coverage is now out of your price range thanks to a tarnished driving record, consider lowering your coverage. If you’re insuring an older vehicle, this will already make sense since the value of your vehicle is presumably lower.
- Don’t repeat your mistake. Listen, we all make bad decisions, and sometimes those decisions come with big consequences. The best thing you can do is learn from your high-risk driving mistake and move on.
There you have it! Our secret (or not so secret) tips for securing cheap SR22 insurance. Have you found yourself in need of a new insurance policy thanks to a previous high-risk driving incident? We can help. Give us a call at 1-877-728-9966 or visit us online to begin the process of securing affordable insurance—even as quickly as the same day.
Want to learn more? Check out our latest blog posts.