What is SR22 Auto Insurance and Why Am I Required to Have It?

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What is SR22 Auto Insurance and Why Am I Required to Have It?

SR22 auto insurance is a specific variety of auto insurance that many individuals are required to obtain. This insurance is not typical auto insurance. It is rather high risk auto insurance. Individuals who are required to obtain this form of insurance are generally required to do so due to a court ruling or due to being involved in multiple accidents, or violating numerous traffic laws.

The cost of this insurance is much higher than typical auto insurance. This variety of such insurance was designed as a form of punishment for individuals who have been in multiple accidents and failed to follow proper traffic laws. The idea behind this form of insurance is to overcharge the person with the insurance in order to make them want to follow traffic laws in order to receive lower rates.

Individuals who have been forced to seek out and obtain this insurance are required to keep this form of insurance for a specific amount of time. This can be anywhere from 6 months to a year or longer. During this time an individual must not become delinquent on their auto insurance payments. If they do become delinquent they must start the process over again. This means that the time in which they are required to keep the insurance starts over from scratch.

How To Find The Best Rates On SR22 Auto Insurance In Kentucky

If you are a resident in Kentucky and you have been required to seek out and obtain SR22 Insurance, you no doubt want to find the most affordable rates. However, the majority of insurance companies charge just about the same for SR22 insurance due to the fact that it is a legally assigned variety of insurance. Therefore, it will take a great deal of research and time to find a company that offers SR22 insurance that is cheaper than other companies.

Calling individual companies to acquire their rates on this insurance can be a very draining process. In fact, the majority of insurance companies will not tell you their rates for this variety of insurance until you have went through their application process. This can take anywhere from half an hour to an hour with each such insurance company.

This means that if you are trying to compare rates between companies, you will be spending hours upon hours just going through the application process for companies that you might not even choose to do business with. Not only is this a waste of your time, but it is a stressful and useless process.

Therefore, you need to seek out an insurance matcher company. With these types of companies you create a single application and they then search for and obtain rates on insurance for you. This means that you can cut the time it takes for the process in half! You can save yourself time and money with these types of companies due to the fact that they have the knowledge and resources available to get you the lowest rates imaginable on SR22 auto insurance.

Source by Terro White