Factors Influencing Your SR22 Insurance

When you’re trying to work out how much SR22 insurance is going to cost you, there are various things to take into account. No two drivers will pay the same for their SR22 insurance so it is worth finding out what factors will influence your quote.

Things an insurer takes into account

There are several things an insurer will look into when determining how much to charge for SR22 insurance. The most common factors that will influence their decision include:

  • Your age
  • The driving violation
  • How much coverage you need
  • Annual mileage
  • Make and model of your vehicle

Like any other type of insurance, SR22 is determined by the car you drive, how far you drive in a year and how old you are. The driving violation you have been convicted of will also make a massive difference to the quote you are given. The more serious the incident, the higher your premium will be.

How much coverage you actually need is also an important factor. Did you know that you will be required to take out a minimum amount of cover? This varies from state to state so you will need to check the laws in the area you live to see how much minimum cover you will need. If you don’t pay the minimum amount of cover, your driving license could be revoked. The insurer is duty bound to report you to the DMV if you fail to keep up with the requirements of your SR22 insurance.

As you can see, various things are included in the overall cost of SR22 insurance. That is why you need to get a quote from as many different insurers as you can. No two insurers will ever charge the same so getting a few different quotes will show you which will provide you with the cheapest cover.