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Keys to Getting the Best Rates on an Indiana SR22 Bond

Posted on June 7, 2012 at 5:30 PM

     If you require a state SR22 Bond filing in the state of Indiana, there are several keys you may not be aware of that will help you save money.

    There are two ways to set up an SR22 filing. One is to attach the SR22 to a regular auto insurance policy. The other way is to attach the SR22 to a named operator policy. The difference depends on whether or not you own a car, or have a car registered in your name. If you do own or register a car, you will want to have the SR22 attached to an auto insurance policy. If not, you will want the named operator policy.

 

HOW DO I SAVE MONEY ON MY SR22? There are several things you can do to save money:

1. Quote with an independent agent or agency. That gives you best chance at the the lowest rate with minimal effort. That's because you only have to make one contact instead of getting a quote one company at a time. Any good independent agent will be happy to do the grunt work for you, and find out which company has the cheapest rate for your needs.

 2. Paying 6 months premium in full up front will automatically save you 10-20% with most companies as opposed to making monthly payments. It's a big chunk up front but it's also the cheapest way in the long run.

3. Inquire about other possible discounts. There are quite a few of these that you may not be aware of. Be sure to ask your agent about any discounts you can qualify for.

4. Paying on time is very important! This may be a no-brainer  but it is especially important for those with an SR22 filing. First of all, if you lapse or cancel on a state filing, your license gets suspended again. Second, the companies that go easy on state filings tend not to go so easy on late fees.

    If you're looking to find a company with an affordable rate, my agency has several companies that are very competitive with SR22 filings regardless of whether they are attached to either type of policy. And as always, I never share nor sell your personal information to anyone. I handle all incoming quotes personally and privately.

Click here to get an SR22 quote if you own a vehicle


Click here to get an SR22 quote if you do not own a vehicle

 

 

 

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Lyles Insurance

Independent agency since 1989

Dan & Traci Lyles

740-574-2618

The states we serve


Is your current insurance policy inadequate or costing too much?

    I will be more than happy to review your current insurance policy and show you how your insurance policy stacks up compared to other companies both in terms of coverages and prices. If you would like a confidential review of your policy, or if you have any questions, feel free to call or email me at 740-574-2618 or lylesinsurance@yahoo.com. I will be happy to answer any questions you have.