3 Important Things To Know About SR22 Insurance
Was your driver's license recently suspended, and the end of the suspension is now approaching? If so, you may be surprised that it is not going to be easy to get back on the road when the suspension is over. The hardest part will be finding car insurance again, especially if you are required to purchase SR22 insurance. For those dealing with SR22 insurance for the first time, here are 3 things you need to be aware of.
What Is SR22 Insurance
It's common for people with suspended licenses to purchase SR22 insurance, which is a form of auto insurance for drivers that are considered a high risk. For example, it's often required in cases where someone has been convicted of a DUI.
The name of the insurance is based off the name of the certificate that the DMV needs to give you back your driver's license. Once you've purchased SR22 insurance, the insurance agency mails the certificate directly to your local DMV to prevent fraudulent SR22 certificates from being used.
How SR22 Insurance Is Obtained
Applying for SR22 insurance will be much harder than applying for normal auto insurance. In fact, you may discover that some insurance companies won't be willing to sell the insurance to you at all. Since this insurance is specifically for people that have a high risk of being involved in a car accident, you can also expect the premiums for this insurance to be much higher than what your rates were before the license suspension.
Some auto insurance providers may also require that you pay all of the premiums for the insurance upfront instead of allowing you to make payments throughout the year. The actual SR22 certificate may even be withheld by the auto insurance company until the payment requirements are met.
Contact a company like Able Insurance Agency to find out more about the application process.
How SR22 Insurance Costs Can Be Reduced
While premiums for SR22 insurance will be high, there are some ways to lower the price. Start by getting rid of an unessential insurance that you need, such as collision coverage or roadside assistance. Since you're viewed as a higher risk, additional coverage will be more expensive than it was before your license suspension.
It may be possible to take classes that will prove you are a safe driver, which could lower your premiums. Check with an auto insurance agent about taking eligible classes like defensive driving. You may be surprised to learn that there are some ways to reduce those premiums.