How does SR22 affect insurance rates?

Most people have never heard of SR22 until the day they are slapped with a requirement for one. An SR22 requirement can generally be defined as a document that proves a person has the financial ability to cater for any financial liability that may arise as a result of an accident they are to blame for. People tend to confuse SR22 requirements as an insurance policy. While the SR22 is provided by your auto insurer, take note that it is a document of proof.To prove you are in a position to pay insurance.

Does SR22 affect insurance rate?

While the cost of the SR22 itself is not high, ranging between $15 and $25, the cost of insurance drastically changes when you have a SR22 requirement on you. In very simple terms your insurance premiums could sky rocket to even 200% of the original prices you were paying before.The obvious reason for this change is the fact that the state and your insurance provider start viewing you in a different light when you get a SR22 requirement. You are perceived as a high risk driver. It follows that your insurer is not really keen on losing, so they will definitely hike up your insurance premiums. If you are very likely to cause an accident, then your insurer must prepare for the eventuality. Insurance is not charity business; therefore you must pay for the high risk you have become to your insurance provider.  The unfortunate bit about this is the fact that while you may generally not be a high risk driver, and you probably got into the SR22 requirement by sheer bad luck, it does not change the fact that the document spells doom for you. The good news however is a good relationship and good prior history will be considered by your provider before they hike your premiums.

So how do you keep SR22 requirements atbay?

Do not DUI

If you are in the habit of getting behind the wheel while drunk, then be advised that this is a bad idea from the onset because the moment you are convicted of a Dui then you will be required to acquire a SR22.

Do not drive without insurance

Yes, you will be heavily penalized for not having insurance should you be involved in an accident.It is therefore wise to get yourself insured before you start driving.

Do not cause fatal accidents

Of-course accidents are just that. But the moment you are involved in a fatal crush, things change drastically for you. You will not only be facing possible jail time, but there is the risk of losing your Driving privileges and naturally a SR22. This calls for extra caution when you are on the road.

You do not garner yourself too many tickets

This is not an electoral race. Tickets do not amount to something to be proud of. Too many of them will have your driving privileges revoked. When this happens, you will be required to get yourself a SR22 (especially if your license has been suspended).

Do not drag race

While drag racing may be fun, it is becomes a total pain when you have to pay fines, get your license suspended and lose your driving privileges.

In few words, do not break any traffic laws as the eventualoutcomeis heavy fines, license suspensions and sometimes jail time. Take note that the court is at liberty to require a SR22 anytime it feels you are a dangerous driver.

Keeping your insurance premiums is as simple as obeying the law. However at Select Insurance Group we recognize the fact that accidents and errors happen. That is the reason we specialize in high risk insurance to cater for such incidents.

The most unfortunate thing that can happen is if you insured yourself with an insurance company that is not tuned to such occurrences. Luckily for you, we have the upper hand because we cover a wide range of high risk insurance. SR22/FR44/SR50/SR22A insurance is our area of specialization. It is as easy as filling our easy to fill form and the rest is up to us. By filling this form, you get an agent as soon as you click the button. SR22 can be complicated, let us ease your burden. Talk to us.