Filing an SR-22 form will usually put you into one of the highest risk groups insurance groups. If you've received a court order to file an SR-22, you've probably already researched how an SR-22 form will impact your future. While paying higher rates is unavoidable, you shouldn't view this requirement as a hopeless financial situation.
You can still own and drive a car with an SR-22 requirement, even in states where these requirements may last for many years. These three tips will help you keep your insurance costs as low as possible so that you can continue to get to work and meet your family's needs without destroying your budget.
1. Consider Your Total Costs
It's easy to focus on the month-to-month payments when dealing with insurance since those premiums will be coming out of your pocket each month. However, it's often more helpful to look at your total insurance costs. For example, if your court order requires you to file an SR-22 for two years, consider your total insurance costs over those two years.
By taking this approach, you can see the options that will save a meaningful amount of money. Reducing your coverage to save $5-10 on your premiums won't add up to much over those two years, but dropping unnecessary coverage such as collision or comprehensive just might. While you'll need your monthly premiums to remain affordable, make sure you focus on the big picture, as well.
2. Be Proactive
Your options for reducing the length of time you'll need to file an SR-22 can vary from state to state. Sadly, some states may not offer any opportunities to reduce the duration of your order. However, other states provide programs to cut down how long you'll need to file an SR-22. These programs can also vary depending on the conviction that led to your SR-22 requirement.
Whatever the case, it's a good idea to be as proactive as you can. Contact your state's department of motor vehicles and ask if there are programs to reduce the period of your requirement. If not, these calls are still an excellent way to track how much time you have left before you no longer need to file an SR-22 form.
3. Don't Drive More Than Necessary
While it's often hard to reduce your SR-22 requirement, most states do allow judges to add time in the event of additional convictions. There may even be certain situations that can automatically trigger extensions. As a result, it's often a good idea to reduce your driving to essential trips if you have an SR-22 filing requirement.
By reducing how often you drive, you'll reduce the chance of additional violations that can add time to your requirement. You may also qualify for reduced insurance rates since some companies offer cheaper policies for vehicles with fewer miles driven per year. Over the long run, less driving can save you money and help you get through your SR-22 requirement trouble-free.
For more information, contact an auto insurance company that supports SR22 car insurance.