Reader question:

How do I get a cheap SR22 policy for a new car?

Graham

Thanks for your question, Graham.

I’m sorry to hear that you have to pay for an SR22 policy on a new car. SR22 car insurance is already very expensive, but if you add on the price for insuring a brand new vehicle, it’s even more. You also can’t cut your costs to a cheap SR22 insurance rate by cutting your coverage, since you are required to purchase comprehensive and collision coverage. What you can do is appease your car insurance company by making yourself less risky than you already are.

What car insurance companies like more than anything else is to see their customers protect themselves. This is not out of the kindness of their hearts, but simply out of the fact that a safe customer files fewer claims. So your first step to cheap SR22 payments is to make yourself less likely to file a car insurance claim.

You can do this by making your new car safer. There are several ways that you can do this. In many states, car insurance companies are required to give discounts for things such as air bags and seat belts, even though practically every car on the road has them. While these discounts are not huge, they certainly put you on the road towards a cheap SR22 car insurance premium. Other states do not require them, but encourage them, and most companies will offer them to be competitive.

Then there is the next tier of protection. Car insurance companies will give you a better price on your car insurance if you include more up to date safety features. One that most often gets you a cheap SR22 car insurance discount is the anti lock brake. This system works as a panic control, and keeps your vehicle from skidding or rolling over when you hit on the brakes or are driving on icy roads by pumping constant pressure into your wheels.

Anther type of safety feature that is often given a discount is the electronic stability control system. This is included on many new types of vehicles, and is much like the anti lock disc brakes but much more elaborate and works and many more situations.

Cheers,

Fashun Guadarrama.