Posted on: 26 January 2017
If you have recently been convicted of a crime like driving without a license, driving with no insurance or drinking and driving, the courts might have decided that in order for you to have your driver's license, you have to have an SR-22 insurance certificate. As you might already know, this can be a bit more costly than your car insurance might have been in the past, but there are still ways that you can keep costs reasonable. These are a few ways that you can save on your insurance costs.
1. Look for a Specialty Insurance Company
Many insurance companies -- including the big-name insurance providers -- offer SR-22 insurance certificates. However, many companies charge much higher rates for customers who need them. Luckily, there are insurance companies out there that specialize in providing insurance for people who have special insurance-related needs, such as those who have been convicted of certain crimes, those who have a bad driving record or those who need SR-22 certificates. Many of these companies are a bit more forgiving of these things and offer more affordable insurance coverage for high-risk drivers. You may want to consider shopping for quotes from some of these companies, since you may be able to save quite a bit of money.
2. Reduce Your Coverage
Check the coverage limits that you have on your insurance policy. If possible, you may want to reduce your coverage, at least until you no longer have to have an SR-22 insurance certificate. For example, if your car is paid for, you may want to opt for liability insurance only so that you can keep costs down. Once you no longer need an SR-22 insurance certificate, you can increase your limits again. Just make sure that you maintain the minimum coverage that is required by your state and by your car lender, if applicable.
3. Increase Your Deductible
Keeping your deductible low can be a good thing in many cases, so that if you get in an accident, you don't have to pay out quite as much at one time. However, if you have higher deductibles, your insurance costs can go down. Increasing your deductibles, at least for now, can be a good way to keep costs as low as possible when you need to maintain SR-22 coverage.
As you can see, there are a few ways that you can reduce insurance costs when you need an SR-22 insurance policy. If you follow these tips, you might be surprised by how much you can save. For more information, contact an agency like Angel Auto Insurance.Share