When it comes to SR22 insurance, there is a common belief that finding a reasonable rate for this type of coverage is impossible. Yet, this idea is untrue. If the state has determined that you must include this protection on your auto policy, there are some steps you can take to keep its cost more manageable.
Be a Responsible Driver
Do your best to be a responsible driver going forward. Serious driving violations increase your risk as a driver. Since insurance companies base their premiums, in part, on driver risk, the higher your risk, the higher your insurance coverage costs. The longer you go without a new violation, the lower your risk becomes and the more likely the state is to drop your SR22 requirement. As a result, you'll have the chance to pay less.
Adjust Your Coverage Options
Find out if you can alter your coverage. For example, do you have a late-model vehicle with comprehensive insurance coverage? If the value of the vehicle is far less than the cost of the deductible, you could drop the comprehensive coverage and save money with a liability policy. Remember that the SR22 requirement only requires that you meet the state minimum for insurance protection, which does not generally involve comprehensive coverage.
Reconsider Your Vehicle
If you plan to purchase a vehicle while you maintain an SR22 certification on your policy, you may want to research the car you buy. It is important to understand that the type of car you plan to insure matters. Sports cars and those that are a common target for thieves typically have increased costs. If you choose a car with a lower risk, you can often save a great deal of money over the life of your policy.
Adjust Your Driving Habits
You can also think about ways in which you can make changes to your driving habits. The cost of an SR22 is based on several factors, including your driving habits. If you generally drive your vehicle a lot, reducing the number of miles you drive can help lower costs. For example, if your work commute is 45 miles, 5 days a week, that equates to nearly 12,000 miles a year. If you took public transportation 3 days each week, you could reduce your miles by more than half. The reduced mileage would equate to insurance savings.
If you have questions about SR22 insurance, do not hesitate to speak with a professional who can answer all your questions and help you determine how to keep your coverage costs as low as possible.
To learn more, contact a resource like Illinois Insurance Center Inc.