Q: Why are the rates so different between Dallas SR22 companies?

A: Rates vary widely among Dallas SR22 companies because, for one, they have a different clientele and will necessarily have different outcomes. Among the main reasons for rate increases among most companies are claims and fraud, which is a subcategory of claims. If more people file claims this year than in the last, then you could expect a rate increase in 2008. Same with fraud. If a company is a victim of fraud more this year than in the past, then your rates may very well rise next year.

Among the reasons for why rates vary among companies is because they are looking at different data. While you can look at nationwide information about car claims to see if you’re getting a good car or are in a cheap demographic, each Dallas SR22 company is going to use the information from its own company’s claims, and so in many areas it will differ from what the overall statistics are. If your company has more claims filed by Honda owners than Mitusbishi owners, then it will probably cost more for you to get an insurance policy for a Honda.