Cheap SR22 Auto Insurance For Older Cars
Q: My car is old, but I still need it and my premium’s are still high. How can I get cheap SR22 auto insurance on this older car?
A: Good question. When you have an old car, you have to take into consideration a couple of things. First of all, what kind of safety features does it have? Even the basics such as seat belts and air bags will save you money, but if you can have anti lock disc brakes installed as well, that’s another good step.
Second of all, how much is it worth? Check Kelley’s Blue Book and see. If your car values less than a thousand dollars, then it’s time to cut off the fat. A thousand dollar car doesn’t need comprehensive or collision insurance, and you can get by fine with just the minimum liability. Otherwise, you’ll be spending more each year on your supposedly cheap SR22 auto insurance than you would get back if you just sold the thing.
How Can I Get Cheap SR22 Insurance Coverage?
Q: I’m actually not a bad driver, but I have to file SR22 insurance because some guy ran into me when I was uninsured and the police caught it. I can’t afford these high rates. How do I get cheap SR22 insurance?
A: Since you have a good driving record, you are able to more easily take the risk that millions of people take every year because it is less likely to affect you. That is to raise the deductible on all of your non liability coverages.
Many people opt for the lowest deductible when buying car insurance because they feel that they don’t want to have to depend on coming up with a couple thousand dollars in order to pay their medical bills when they get into a bad accident. This is a valid concern, but if you raise your deductible to at least $1000 on your comprehensive and then on your collision coverage, then you can save around a hundred dollars a month in many cases and that money can be set aside for emergencies like car accidents.
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