If you’re involved in a serious traffic violation, you might face an auto insurance requirement you haven’t thought of before. To get your driver’s license back or to keep it, you’ll need SR-22 insurance.
What Is SR-22 Insurance?
SR-22 insurance isn’t a car insurance policy, but an official document to prove you’ve purchased the required minimum liability insurance in your state. It certifies your car is covered with the needed auto insurance should you be involved in an auto violation. To know more information about it, make sure to check out these extra resources.
Getting SR-22 insurance can be expensive because you’ll have to pay high car insurance premiums compared to drivers with a clean record. Fortunately, there are some ways on how you can save on SR-22 insurance:
1. Look For Discounts
Many car insurance companies provide various discounts which you may add to your policy, including a good student discount for a student driver. You might also get discounts for falling in a particular age bracket, installing anti-theft systems on your car, or serving in the military.
Make sure to read the available options for you to determine which discounts could apply. It’s also a great idea to ask about additional discounts since there are options you might qualify for.
2. Choose A Low-Risk Vehicle
Several cars cost less to insure while vehicles with various modifications may cost more. If you want to spend less, choose an older model of car because it has a low theft rate and it’s much cheaper to repair. However, your car comes with safety features including tracking systems, anti-theft devices, and side airbags.
3. Check And Boost Your Credit Score
Another way to save money on SR-22 insurance is by improving your credit score. Often, insurance companies will check your overall score, and having a good credit score will help you get a lower rate. However, if you have a poor credit score, it can affect the rates and you’ll have to pay higher.
4. Be A Responsible Driver
If you need to get SR-22 insurance, it means you have a serious mark on your driving record. There’s nothing you should worry about as you can always have a fresh start. One mistake won’t define your driving record for the rest of your life, but if you don’t want to pay more on SR-22 insurance, be sure to drive responsibly and safely all the time.
If possible, get a defensive driving course or an alcohol education course if you’re still recovering from driving under the influence (DUI) conviction. Taking such courses would show the insurance company you’re dedicated to being a safer driver. Also, several insurance companies offer safe driving discounts once you make it through a particular time frame without getting involved in violations or accidents.
Be dependable and smart every time you drive. In the long run, you’ll reap rewards and your expenditures will also reduce.
5. Keep Up With Your Payments
Another way to enjoy more savings on SR-22 insurance is to keep up with your monthly payments. Failure to pay on time may result in additional fees and other penalties. This is especially crucial in terms of availing of the insurance.
Your state requires SR-22 insurance to ensure you’re keeping up with the minimum liability requirements. Your policy may last for a few years, but it’s best to keep up with your payments always. Once you miss a payment and you let it lapse, you’ll have to start all over again, spending more in the long run.
To avoid this problem, pay your car insurance every month. You may also avoid late penalties and fees by signing up for automatic payment. Other insurance companies even provide discounts if you prefer to pay automatically every month. Inquire with your dealer about their promos.
Another way to enjoy savings is by paying your insurance in full instead of on a monthly basis. If you keep up with the payments, you’ll be able to finish your SR-22 insurance requirements and experience financial freedom faster. If you have extra cash, it’s a good idea to pay in advance instead of waiting for the deadline which might end up being forgotten.
It’s possible to get affordable SR-22 insurance and still have savings. The only thing you should do is take note of these information and ask for professional help if you’re confused with your options. In this way, you’ll be able to obtain SR-22 insurance that meets your needs without leaving a hole in your pocket.