Having to file an SR22 form in order to get vehicle insurance is known for pushing up the costs of car insurance. However, that doesn't mean that there's nothing you can do to bring costs down. Unfortunately, a lot of SR22 motorists make some common mistakes that unnecessarily bring up the costs of their insurance. The following are six mistakes you can avoid to minimize the costs of your SR22 filing:
- If your auto insurance canceled your policy because you were involved in an accident and are now rated "high-risk" for another claim, then you can expect to pay more for your next policy. Auto insurance companies use a rating system similar to credit scoring to technologically generate your risk rating for future claims. If your insurance company has rated you as high-risk, then you should assume you are in the rating system's computer now as such.
- If you are looking to reduce your monthly expenses, a good place to start would be any active insurance policies that you carry. If you own or lease a vehicle, your auto insurance policy could represent a good opportunity to save a few dollars. Here are three tips that could help you lower the monthly premium on your auto insurance. Set a Higher Deductible for Collision Coverage If your car is new, you are likely interested in keeping your deductible as low as possible.