Snap Rounding and its variant, Iterated Snap Rounding, are methods for converting arbitrary-precision arrangements of segments into a fixed-precision representation (we call them SR and ISR for short). Both methods approximate each original segment by a polygonal chain, and both may lead, for certain inputs, to rounded arrangements with undesirable properties: in SR the distance between a vertex and a non-incident edge of the rounded arrangement can be extremely small, inducing potential degeneracies. In ISR, a vertex and a non-incident edge are well separated, but the approximating chain may drift far away from the original segment it approximates. We propose a new variant, Iterated Snap Rounding with Bounded Drift, which overcomes these two shortcomings of the earlier methods. The new solution augments ISR with simple and efficient procedures that guarantee the quality of the geometric approximation of the original segments, while still maintaining the property that a vertex and a non-incident edge in the rounded arrangement are well separated. We investigate the properties of the new method and compare it with the earlier variants. We have implemented the new scheme on top of CGAL, the Computational Geometry Algorithms Library, and report on experimental results.