Why Is SR22 Auto Insurance So Expensive?
Q: Why is my SR22 insurance premium so expensive?
A: As they say, when you do the crime, you got do the time. SR22 rates are punitive, and while it may be extremely unpleasant having to pay such high rates during the time you have to file SR22, it is a successful deterrent. However, that’s no why your rates are so high.
As a matter of fact, SR22 rates are high because policy holders who must have an SR22 filed on their behalf are considered to be very risky to insure. An attitude like that stems from the fact that most people who have a SR22 insurance policy have one because they were convicted of drunk driving–obviously prey easy to cause an accident that way.
Since car insurance companies measure what they charge you according to the risk you pose to them, such factors play a big part. If you have to have, then you will pay more into the insurance pool than will people who have never made a driving mistake in their lives, have mid sized economic hybrid cars, are middle aged, and so on.
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