Does an SR-22 in Arizona Make Insurance Go Up?

Whether an SR-22 will increase your insurance rate has long been a source of consternation for drivers. Although the law makes it a requirement in many states, there are some exceptions. If you’ve been convicted of certain traffic offenses or a criminal offense like DUI, then you’ll have to file an SR-22 with your insurance company to let the state know you’ve got the proper insurance. Depending on the severity of your crime, the state may suspend or revoke your license if you’re found guilty of these offenses.

It would be best if you understood that the price of an SR-22 insurance policy would vary based on many different factors. Your driving history, age, and vehicle type will all play a role in the final price. It’s best to obtain a personalized quote to determine at this point what your insurance will cost. You can find resources to help you figure out your exact rate by clicking on your state. SR-22 resources will show you a typical rate for a sample driver in that state with a DUI on their record.

The insurance companies absorb risk by using your credit and driving record to determine your risk. They are making money by insuring you with a low chance of a claim, but the SR22 increases that risk dramatically. Your premium may increase from fourteen to forty percent after getting an SR22. But it is worth it if you’re looking to protect yourself and the financial stability of the motorists around you.

While it may be easy to justify paying a higher premium for an SR-22, the cost of an SR-22 insurance policy can start to add up, not even including the cost of your car. The SR-22 insurance policy is not cheap – you’ll have limited choices regarding insurers and coverage. It’s best to shop around for the lowest rate available, as this will help you save money.

The good news is that the SR-22 isn’t a permanent change to your rates. It will reduce them over time as your driving record improves. But it would help if you did not forget that insurance providers can make their rates go up or down based on your driving history. So make sure you’re prepared for it and take steps to reduce them. If you decide to file an SR-22, remember to keep up with renewals yearly.

The duration of the SR-22 is different in each state. Most require it for three to five years. During that time, you’re considered a high-risk driver. You should maintain your insurance policy and practice safe driving to avoid penalties. Missing your SR-22 renewal could cost you your license and lead to steep fines. You might not be able to drive again until it’s time to renew your SR22.