Reader’s Question:

I was wondering when you file an SR22, how much will that affect my insurance policy in St. Louis?

Parker

St. Louis, MO

Depending on your current insurance policy in St. Louis, an sr22 insurance may have a minimal cost or a major cost. If you are currently insured through an insurance carrier that will not file a sr22, you will need to buy another insurance policy. In addition to that, you must have “property damage liability” and “bodily injury liability” coverages with limits that are acceptable to the state that is mandating the sr22. If you do not have these coverages (or the proper liability amount) will have to adjust your insurance policy accordingly. Now, a sr22 includes a filing fee that only ranges from $15 to $25. If you currently insured through an insurance provider in St. Louis MO that will file an sr22 and you have those 2 coverages with the limits that are acceptable to your state, then you will only need to add the sr22 insurance and its minimal filing fee.

Reader’s Question:

I am shopping for a used vehicle, and have heard that it is more expensive to insure a red car than other colors, is this correct? I live in St. Louis MO.

Rick

St. Louis, MO

No, the color of the vehicle is not generally one of the factors that a car insurance company will use as a rating factor.

The myth is out there that a red or silver car costs more to insure but in all actuality insurance carriers do not consider the color, but they do look at the type of vehicle. If it is a red sports car it will likely cost more than a yellow family car to insure but due to the powerful engine and statistics of accidents relating to sports cars compare to a 4 door family sedan, not the color.

Some other rating factors that insurance companies consider in St. Louis MO include your age, your claims history, the kind of car you drive, in some states your credit history and your driving record.