SR22 Requirements – How to Get Your License Back Without Paying an Arm and a Leg
So you made a mistake in life, who doesn’t? If you are one of thousands of people who had your license suspended due to driving under the influence or reckless driving it is not the end of the world. Your main focus now should be on getting your license back. This is where you need to get that SR22 filing from an insurance company.
SR22 Form explained – SR22 fillings are a financial responsibility proof that shows your state that you carry the required insurance to operate a vehicle in that state. Each state may require you have an SR22 filling with your insurance company to prove that you are in good standing and carry liability insurance. This allows you to get your license reinstated based on the assumption you will continue this type of insurance.
Most people who are in this situation think that the insurance will be unaffordable and they won’t be able to get their license back. In most cases I have found that people are often surprised at how inexpensive SR22 insurance can be. Some people have been able to get this insurance for as low as $18 per month. Now there are many variables that insurance companies use to rate your policy so lets look at a few.
A. Driving Record – Obviously insurance companies will look at your past driving history to determine how much of a risk you are and how much to charge you. In most cases it is better if you have no accidents or tickets in the past three years. If you are reading this article you most likely have encountered a DUI and that will affect you for up to five years.
B. Credit History – Insurance companies are using your credit history to more accurately determine if you are more likely to make a claim. While this practice is commonly used it is often the most overlooked when understanding your rates. Some companies give discounts up to 55% based on your credit and this can save you hundreds of dollars each year.
C. Location – It makes sense that someone living in an urban environment should pay more than someone in a farm town. There is more crime and accidents in a city than in a rural area and therefore people pay more to insure a vehicle if they live downtown.
Enough about farm towns and your credit history how do we save money when trying to get SR22 insurance?
Getting quotes from multiple insurance companies is the best way to insure that you will find the lowest price. Before the last few years it was a long process to call multiple companies or agents in search of quotes. Now it is easier than ever to get multiple quotes from the best insurance companies in only a few minutes.