Factors That Affect The Costs Of SR-22 Insurance

When you need SR-22 insurance, it is typically because you are considered a high-risk driver, and it is likely that you received some type of driving violation in recent weeks or months. To get a policy, you will have to find a company that offers SR-22 insurance, and the costs you will pay will depend on a lot of different factors.

The reason you need it

The first factor that may affect the cost of your policy is the reason you need the coverage. People will need this for a number of reasons, and it is often something needed after a person gets a DUI. You might need it too for being caught driving without auto coverage or for getting too many tickets. Your driving record will affect the costs, and if you need it for a DUI, it will likely cost more than if you need it for too many speeding tickets.

Your driving record and demographics

As mentioned, your driving record in general will affect the costs you pay for the policy, but your demographics will too. This means that your gender and age play a role in the amount you pay. Male drivers generally pay more than females, while people in their teens pay more for people in their 20s or 30s, so you should understand that these factors may affect the amount you pay as demographics affect the cost of all insurance policies, even if they are not SR-22 policies.

Whether you have insurance now or not

The other thing that will play a role in the costs of an SR-22 policy is the status of your insurance coverage. Were you caught driving without insurance, or have you recently let your policy lapse? If you do not have insurance at the time you are trying to buy an SR-22 policy, you are likely to pay even higher rates than you would if you had insurance. This occurs because insurance companies do not like seeing lapses in coverage, as these represent even greater risks to them.

The company you choose

The company you choose for the policy will also play a role in the rates you pay. Some companies charge higher rates than others, and this is why it is a good idea to consider getting quotes from several companies before you choose a policy. To learn more, contact an auto insurance company that offers SR-22 insurance coverage.

For more information about auto insurance plans, contact an insurance company.