How To Get Cheap SR22 Auto Insurance
Reader question:
I can’t seem to get as cheap SR22 auto insurance as the people I know. Other than my DUI, I have a good driving record, I’m over the age of 25, I have a safe car–all of the requirements for cheap SR22 auto insurance, right? But it’s so high!
Eric
Thank you for your question, Eric.
So, you say that other than for your DUI, you meet all of the basic requirements for someone who would be able to get a cheap SR22 auto insurance policy? This is something that I see often, where a person who has a good record and is good in all other regards ends up paying more for cheap SR22 auto insurance than another person whose record is not so stellar. Why is this? Well, have you checked your credit report?
Credit has been used in decisions of whether or not to sell people cheap SR22 auto insurance for decades, but it’s only been recently that it has started having such a huge effect on the final cheap SR22 auto insurance rate. Insurers use what is called the insurance risk score, which is kind of like your credit score in that it is based on the information in your credit report. However, instead of looking at things such as account history and balance, cheap S22 auto insurance companies will take into account aspects such as how often and consistently you pay your bills.
If you have a bad insurance score, then it is likely that you will have some trouble getting a cheap SR22 auto insurance premium since the effect of your insurance risk score is so big. Some people have called the practice discriminatory since it affects more low income people than others, but it seems like the practice is here to stay.
If you think your insurance risk score might be the reason for your lack of a cheap SR22 auto insurance rate, then you can go to the websites of each of the credit reporting agencies and order your report to see.
Cheers,
Fashun Guadarrama.
