{"id":981,"date":"2023-04-03T17:28:00","date_gmt":"2023-04-03T17:28:00","guid":{"rendered":"https:\/\/www.sr22adviser.com\/guidance-and-tips\/?p=981"},"modified":"2023-03-31T17:28:37","modified_gmt":"2023-03-31T17:28:37","slug":"how-insurers-calculate-your-sr22-premium","status":"publish","type":"post","link":"https:\/\/www.sr22adviser.com\/guidance-and-tips\/insurance-facts\/how-insurers-calculate-your-sr22-premium\/","title":{"rendered":"How Insurance Companies Determine Your Premium after You Receive an SR-22"},"content":{"rendered":"<div class=\"c-section \" id=\"general-content-block_642716885aa9e\">\r\n    <div class=\"o-wrapper\">\r\n                <div class=\"c-section__content\">\r\n            <div class=\"s-cms-content s-cms-content--left\">\r\n                <p><span data-contrast=\"auto\">After you receive an SR-22, car insurance companies may view you as a high-risk driver, and this can affect the <\/span><a href=\"https:\/\/www.sr22adviser.com\/\"><span data-contrast=\"none\">premium you pay<\/span><\/a><span data-contrast=\"auto\"> for your auto policy.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Insurers determine your premium by considering various factors, such as your driving record, age, gender, location, type of vehicle, and whether or not you have held a policy previously or if you are a new driver.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">In this guide, you will learn how insurers calculate your new premium and how to take steps to reduce your payments.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<h2><span data-contrast=\"auto\">What Is an SR-22 Requirement?<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"auto\">An SR-22 functions as a certificate of financial responsibility that some states require for drivers who have previously received certain driving violations, such as driving under the influence (DUI) or driving without insurance.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">When your insurer submits an SR-22 form, it indicates to the state that you have the necessary insurance coverage to drive legally. Not all <\/span><a href=\"https:\/\/www.sr22adviser.com\/rates\/sr-22-average-rates-by-state\/\"><span data-contrast=\"none\">states have an SR-22 requirement<\/span><\/a><span data-contrast=\"auto\">, however.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<h2><span data-contrast=\"auto\">What Ratings Factors Do Insurers Use to Calculate Your Premium?<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"auto\">Insurers consider a variety of factors when calculating the premium for your auto policy. Regardless of SR-22 status, auto insurers will usually look at the following data points when making a premium decision:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"0\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Length of driving history.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"0\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">History of tickets and accidents.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"0\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">DUI charges \u2013 particularly relevant for SR-22 holders.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"0\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Make and model of your vehicle.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"0\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">The specifics of the coverage you have selected.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"0\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Average miles driven during the year.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"0\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Demographic data including gender, marital status, and education level.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"auto\">Insurers feed all these values into an algorithm known as an actuarial model, which then produces a single number: Your premium payment. <\/span><a href=\"https:\/\/www.sr22adviser.com\/guidance-and-tips\/sr-22-tips\/10-easy-car-insurance-discounts\/\"><span data-contrast=\"none\">Discounts you qualify for<\/span><\/a><span data-contrast=\"auto\"> are typically included in this number.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">An SR-22 requirement usually indicates that you have previously received a DUI or otherwise need to prove to the state government that you have an active auto policy. This fact indirectly will increase your premium, particularly in the case of DUIs.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n            <\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n\n<div class=\"c-section c-quote\" id=\"home-auto-quote-block_642716fd5aa9f\">\r\n    <div class=\"o-wrapper\">\r\n        <img decoding=\"async\" class=\"c-quote__img\" src=\"https:\/\/www.sr22adviser.com\/guidance-and-tips\/wp-content\/themes\/sr22\/assets\/html\/images\/components\/quote\/pic1.svg\" alt=\"Someone shopping for a car, looking for quality and savings\" aria-hidden=\"true\" width=\"112\" height=\"99\">\r\n        <h2 class=\"c-section__title c-section__title--small c-quote__title\">Find Cheap SR-22 Auto Insurance Quotes<\/h2>\r\n                <form class=\"c-quote__form js-form\" action=\"https:\/\/www.sr22adviser.com\/quote\">\r\n            <div class=\"c-quote__item c-quote__item--zipcode\">\r\n                <input class=\"c-quote__input c-quote__input--center js-only-numbers js-valid-zipcode\" type=\"tel\"  name=\"zipcode\" placeholder=\"Zip Code\" aria-label=\"Zip Code\" maxlength=\"5\" required>\r\n            <\/div>\r\n            <div class=\"c-quote__controls\">\r\n                <button class=\"c-button c-button--purple c-quote__button\" type=\"submit\">Get a quote<\/button>\r\n            <\/div>\r\n            <div class=\"c-quote__powered\"> Powered by\r\n                <img decoding=\"async\" class=\"c-quote__logo\" src=\"https:\/\/www.sr22adviser.com\/guidance-and-tips\/wp-content\/themes\/sr22\/assets\/html\/images\/components\/quote\/freeway-logo.svg\" alt=\"Freeway Insurance Logo\" width=\"73\" height=\"18\">\r\n            <\/div>\r\n        <\/form>\r\n    <\/div>\r\n<\/div>\n\n<div class=\"c-section \" id=\"general-content-block_642717035aaa0\">\r\n    <div class=\"o-wrapper\">\r\n                <div class=\"c-section__content\">\r\n            <div class=\"s-cms-content s-cms-content--left\">\r\n                <h2><span data-contrast=\"auto\">Do All Insurers Offer SR-22-Compliant Policies?<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"auto\">You should note that not all companies offer SR-22 support, and those that do may charge higher premiums. To find the best coverage and rates for your situation, you will want to work with an experienced agent.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<h2><span data-contrast=\"auto\">How Long Do DUIs Stay on My Record?<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"auto\">The length of time a DUI (driving under the influence) conviction stays on your record can vary depending on where you live.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">In general, a <\/span><a href=\"https:\/\/www.sr22adviser.com\/insurance\/getting-insurance-after-a-dui\/\"><span data-contrast=\"auto\">DUI conviction<\/span><\/a><span data-contrast=\"auto\"> can stay on your driving record for up to 10 years, although the exact duration can vary by state. However, auto policy providers typically look back only a certain number of years when determining your rates, and this varies by company.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">For example, some insurers may look back five years when determining rates, while others may look back as far as 10 years. Additionally, some insurance companies may consider a DUI conviction a more serious offense than others, which can also have a bearing on how much it affects your rates.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<h2><span data-contrast=\"auto\">How You Can Avoid Overpaying for Auto Insurance<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"auto\">An experienced, independent insurance agent can help you pick the best auto policy for your needs. Other common ways to avoid overpaying for auto insurance include:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"0\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Increase your deductible:<\/span><span data-contrast=\"auto\"> By choosing a higher deductible, you can lower your monthly premium. Just make sure you can afford the deductible in case of an accident.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"0\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Bundle your policies:<\/span><span data-contrast=\"auto\"> Many insurers offer discounts for bundling your auto insurance with other policies, such as homeowners or renters insurance.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"0\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Maintain <\/span><span data-contrast=\"auto\">a good driving<\/span><span data-contrast=\"auto\"> record:<\/span><span data-contrast=\"auto\"> Avoiding accidents and traffic violations can help keep your policy rates low.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"0\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Consider the type of car you drive: <\/span><span data-contrast=\"auto\">The cost of insurance can vary depending on the make and model of your car. Sports cars and luxury vehicles, for example, can be more expensive to insure.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"0\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Ask about discoun<\/span><span data-contrast=\"auto\">ts:<\/span><span data-contrast=\"auto\"> Many companies offer discounts for things like safe driving, low mileage, and anti-theft devices. Be sure to ask your insurer about any available discounts.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<h2><span data-contrast=\"auto\">Get an Affordable SR-22 Insurance Quote Today<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"auto\">To maximize your savings, get an <\/span><a href=\"https:\/\/www.sr22adviser.com\/quote\"><span data-contrast=\"auto\">SR-22 insurance quote<\/span><\/a><span data-contrast=\"auto\"> today from our partner. An independent insurance agent will help you make the right policy decision for your needs.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n            <\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n\n<div class=\"c-section c-opinion-banner\">\r\n    <div class=\"o-wrapper\">\r\n        <div class=\"c-opinion-banner__question js-opinion-banner-question\">\r\n            <h2 class=\"c-section__title c-section__title--center c-opinion-banner__title\">Was this article helpful?<\/h2>\r\n            <div class=\"c-opinion-banner__content\">\r\n                <div class=\"c-opinion-banner__controls\">\r\n                    <button class=\"c-opinion-banner__control c-opinion-banner__control--ok js-opinion-banner-control-ok\" aria-label=\"Yes, this article is helpful\">\r\n                        <span class=\"o-icon c-opinion-banner__icon\"><svg focusable=\"false\" role=\"img\">\r\n                                <title>Yes, this article is helpful<\/title>\r\n                                <use xlink:href=\"https:\/\/www.sr22adviser.com\/guidance-and-tips\/wp-content\/themes\/sr22\/assets\/html\/images\/icons\/icons.svg#icon-thumbs-up\"><\/use>\r\n                            <\/svg><\/span>\r\n                    <\/button>\r\n                    <button class=\"c-opinion-banner__control c-opinion-banner__control--no-ok js-opinion-banner-control-no-ok\" aria-label=\"No, this article is wasn't helpful\">\r\n                        <span class=\"o-icon c-opinion-banner__icon\"><svg focusable=\"false\" role=\"img\">\r\n                                <title>No, this article is wasn&#8217;t helpful<\/title>\r\n                                <use xlink:href=\"https:\/\/www.sr22adviser.com\/guidance-and-tips\/wp-content\/themes\/sr22\/assets\/html\/images\/icons\/icons.svg#icon-thumbs-down\"><\/use>\r\n                            <\/svg><\/span>\r\n                    <\/button>\r\n                <\/div>\r\n            <\/div>\r\n        <\/div>\r\n        <div class=\"c-opinion-banner__ok js-opinion-banner-ok\">\r\n            <h2 class=\"c-section__title c-section__title--center c-opinion-banner__title\">Winner! Glad you enjoyed it.<\/h2>\r\n            <div class=\"c-opinion-banner__controls\">\r\n                <div class=\"c-opinion-banner__control c-opinion-banner__control--ok\">\r\n                    <span class=\"o-icon c-opinion-banner__icon\"><svg focusable=\"false\" role=\"img\">\r\n                            <title>Yes, this article is helpful<\/title>\r\n                            <use xlink:href=\"https:\/\/www.sr22adviser.com\/guidance-and-tips\/wp-content\/themes\/sr22\/assets\/html\/images\/icons\/icons.svg#icon-thumbs-up\"><\/use>\r\n                        <\/svg><\/span>\r\n                <\/div>\r\n            <\/div>\r\n        <\/div>\r\n        <div class=\"c-opinion-banner__no-ok js-opinion-banner-no-ok\">\r\n            <h2 class=\"c-section__title c-section__title--center c-opinion-banner__title\">Still have questions? Contact us for answers.<\/h2>\r\n            <div class=\"c-button__wrapper\">\r\n                <a class=\"c-button c-button--cyan\" href=\"tel:877-822-2049\">\r\n                    <span class=\"o-icon\"><svg aria-hidden=\"true\" focusable=\"false\" role=\"img\">\r\n                            <use xlink:href=\"https:\/\/www.sr22adviser.com\/guidance-and-tips\/wp-content\/themes\/sr22\/assets\/html\/images\/icons\/icons.svg#icon-phone\"><\/use>\r\n                        <\/svg><\/span>877-822-2049                <\/a>\r\n            <\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":982,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[10],"tags":[],"class_list":["post-981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insurance-facts"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.sr22adviser.com\/guidance-and-tips\/wp-json\/wp\/v2\/posts\/981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sr22adviser.com\/guidance-and-tips\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sr22adviser.com\/guidance-and-tips\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sr22adviser.com\/guidance-and-tips\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sr22adviser.com\/guidance-and-tips\/wp-json\/wp\/v2\/comments?post=981"}],"version-history":[{"count":3,"href":"https:\/\/www.sr22adviser.com\/guidance-and-tips\/wp-json\/wp\/v2\/posts\/981\/revisions"}],"predecessor-version":[{"id":985,"href":"https:\/\/www.sr22adviser.com\/guidance-and-tips\/wp-json\/wp\/v2\/posts\/981\/revisions\/985"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sr22adviser.com\/guidance-and-tips\/wp-json\/wp\/v2\/media\/982"}],"wp:attachment":[{"href":"https:\/\/www.sr22adviser.com\/guidance-and-tips\/wp-json\/wp\/v2\/media?parent=981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sr22adviser.com\/guidance-and-tips\/wp-json\/wp\/v2\/categories?post=981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sr22adviser.com\/guidance-and-tips\/wp-json\/wp\/v2\/tags?post=981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}