Insurance is a product required for anyone operating a motorized vehicle on public roadways. While some drivers only need to maintain the minimum amount of insurance coverage required by law, other drivers need a more comprehensive type of coverage known as SR22 insurance.
An SR22 insurance policy is required for drivers that the state deems to be high-risk. These drivers may have had insurance lapses in the past or been convicted of a DUI or DWI.
Obtaining SR22 insurance for a motorcycle can be challenging. Here are three simple things that you can do to save money on your motorcycle SR22 insurance policy in the future.
1. Choose Your Motorcycle Carefully
The type of motorcycle that you choose to ride can impact the amount you pay for SR22 insurance. Insurance companies view sport model motorcycles as being riskier than their cruiser counterparts.
A sports model motorcycle can reach higher speeds than other motorcycles, which increases the likelihood of a driver using a sports model bike to engage in risky behavior.
The best way to minimize your SR22 insurance costs is by investing in the right motorcycle. Talk with your insurance agent to identify the make and model of motorcycle that will be most affordable to insure.
2. Complete a Defensive Driving Course
One of the factors that can influence the cost of your motorcycle SR22 insurance policy is your driving record.
Each time you receive a citation or are convicted of a driving violation, points are added to your driving record. The higher the number of points you have, the more of a risk you pose to an insurance company.
Most states offer drivers the opportunity to clear some points from their driving record by completing a defensive driving course. Check with your local DMV to determine where an authorized class is being held in your area to help you reduce your SR22 insurance premiums in the future.
3. Don't Let Your Coverage Lapse
If your state requires you to have SR22 insurance coverage, it is critical that you don't let your insurance policy lapse.
Insurance companies are required to report all lapsed motorcycle SR22 insurance policies to the DMV. Once a lapse report is received, the DMV will suspend your license. You will need to reinstate your policy and pay a fee before you can restore the validity of your license.
If the insurance company sees that you have let a policy lapse, you could end up paying a higher premium for your motorcycle SR22 insurance coverage. For more information on SR22 insurance, contact a professional near you.
Share16 January 2023
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