Cost of SR22 Insurance in Tennessee

What is SR22 insurance?

SR22 insurance is a type of high-risk auto insurance that is required by law if you are convicted of certain serious driving offenses. It is also referred to as a "certificate of financial responsibility." It is not a type of insurance, but rather an endorsement or a document issued by your insurance company. SR22 insurance is usually required for a period of three years by the state of Tennessee. In some cases, it may be required for up to five years.

What does SR22 insurance cover?

SR22 insurance covers the same basic types of coverage as standard auto insurance, such as liability, collision, and comprehensive coverage. It also covers uninsured motorist coverage, which is required in Tennessee. SR22 insurance is not necessarily more expensive than standard auto insurance, but it does tend to have higher premiums because it is considered high-risk coverage.

What are the costs of SR22 insurance in Tennessee?

The cost of SR22 insurance in Tennessee varies greatly depending on the insurer and the individual's driving record. Generally, the cost of SR22 insurance is higher than standard auto insurance due to the high-risk nature of the policy. The cost of SR22 insurance in Tennessee can range from a few hundred dollars to thousands of dollars per year. Additionally, the cost of SR22 insurance may increase if the individual is convicted of additional driving offenses during the policy period.

What other factors affect the cost of SR22 insurance in Tennessee?

Aside from driving history, several other factors can affect the cost of SR22 insurance in Tennessee. These include the type of vehicle being insured, the age of the driver, the location of the driver, and the type of coverage being purchased. Additionally, some insurance companies may offer discounts for low mileage or good driving records.

How can I get the best rate on SR22 insurance in Tennessee?

The best way to get the best rate on SR22 insurance in Tennessee is to shop around and compare rates from multiple companies. It is also important to make sure that the policy you choose meets all of the requirements of the state of Tennessee. Additionally, it is a good idea to ask your insurance provider about any discounts that may be available. Finally, make sure to ask about any additional fees or charges that may be associated with the policy.

Conclusion

SR22 insurance is a type of high-risk auto insurance that is required by law if you are convicted of certain serious driving offenses. The cost of SR22 insurance in Tennessee varies greatly depending on the insurer and the individual's driving record. The best way to get the best rate on SR22 insurance in Tennessee is to shop around and compare rates from multiple companies. Additionally, it is important to make sure that the policy you choose meets all of the requirements of the state of Tennessee.