SR22 Car Insurance for an Old Car
Q: My car is ancient, and sometimes it feels like my SR22 car insurance premium is more than it’s even worth. Why should I have to insure a car like this?
A: You have to remember that the car insurance, at least the part of your car insurance required by law, isn’t for you at all. You have to have liability insurance so that if you crash into someone else’s car, you’ll be able to pay for their damages. Even a car as ancient as yours can cause damage. Beyond that, you are also required to have your SR22 policy if you want to drive at all. If you don’t have an SR22 form filed every month, then your license will be canceled. No getting out of it.
However, there is something you can do to make your SR22 car insurance premium cheaper than it currently is. Instead of trying to get rid of your car insurance altogether, simply try to get rid of as much of it as possible. Cut your coverage until you arrive at the minimum amount required by law.
If you’re worried about paying for damages you cause, you can cut your collision and comprehensive coverage but keep your SR22 liability coverage high. If you aren’t, then you can keep it at the minimum.
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