Your license has been suspended or revoked and you’ve been told you need to get SR-22 insurance so you can drive again. What does all that mean, exactly? Some people panic at the thought of filing for this insurance, thinking it will be too costly. However, SR-22 insurance rates in Chicago can be a lot more affordable than one might expect. Before simply filing for a policy with the first company that comes along, doing a bit of research and learning which policy is really right for you can help reduce costs even further, while ensuring you can safely stay on the road.
How SR-22 Rates Work
When you file for SR-22 auto insurance and get a policy, you will pay a monthly fee. In the state of Illinois this fee starts at $22, though it can be as high as $36 a month if you’re a younger driver or if you live in a zip code where rates on average tend to be higher. When a company takes you on as a customer for SR-22 insurance, they will send in the verification document and make the payment for you. The fee is typically billed to you along with the rest of your policy. However, the monthly fee is not the only thing that affects SR-22 insurance rates in Chicago.
Policy Prices
When you get SR-22 insurance, you are essentially showing you are maintaining the minimum amount of liability coverage. The policy you end up purchasing will have a lot to do with how much you pay overall and can vary, depending on many factors. It works pretty much the same way as any auto insurance policy. If you’re a younger driver or have been shown to be a higher risk, you might end up paying a little more. However, comparing policies from various companies can still help you get more affordable SR-22 insurance rates in Chicago.
If you’re ready to learn more about SR-22 insurance rates in Chicago, contact the team at Great Northern Insurance Agency online or by phone at 773-838-3900.
Tags: SR-22 Insurance
