How SR22 insurance costs are determined

Determining someone’s SR22 insurance costs involves factors that vary from person to person. Therefore, insurance providers can’t quote a single “lowest” SR22 insurance rate for everyone. Insurance underwriters consider each person’s years of driving experience, credit history, place of residence, age, and driving record in determining their SR22 rate.

SR22 insurance costs are generally higher than standard auto insurance because SR22 insurance is considered high risk insurance. People with a record of motor vehicle violations will have higher SR22 insurance rates. Drivers with repeat or severe traffic offenses have a higher chance of committing additional infractions. Therefore, insurance companies charge higher rates to limit the risk of insuring them.