If you've received a major violation while driving, such as a DUI or reckless driving charge, you may be required by law to carry SR-22 insurance. It certifies that you're carrying the necessary insurance coverage based on your state's requirements. To save on this type of insurance, take the following actions.
Set Up Auto-Pay
More and more insurance companies today are going paperless. Not only does this help the environment, but it can also help you save some money. After all, most insurance providers today charge extra for mailing out a physical bill for an SR-22 policy.
It is thus in your best interest to set up auto-pay on this type of policy. Every month, the amount of this insurance will be automatically deducted from your account. You thus won't have to pay extra for having physical bills sent to your primary residence.
One of the most important figures to pay attention to when getting an SR-22 policy is the deductible. This is the amount you pay out of pocket before your insurance kicks in when you are involved in an auto accident.
When you raise this deductible, you can drastically reduce your monthly payments. This makes this type of policy much more affordable long-term. Just keep in mind that if you're involved in an accident and it's deemed your fault, you may have to pay quite a bit more on vehicle repairs. You thus need to decide how much risk you're willing to take to save money.
If you can manage it, you might consider driving less to save money on an SR-22 insurance policy. This is because a lot of insurance providers today offer cheaper rates on vehicles that are driven less. This is because the chances of getting into a wreck go down.
If you plan on taking this approach to save money, then you may need to find other ways of getting around from time to time. For example, for a couple of days out of the week, you can walk or utilize a ride-sharing program. The less you drive, the more you'll be able to save.
Just because you're required to have an SR-22 insurance policy doesn't mean you should have to overpay for it. This will require you to find ways to save money any way you can. There are plenty of ways to achieve this; you just have to know what procedures to follow.