Where can I find motorcycle insurance that will allow me to attach an SR22 filing on to it?
Finding motorcycle insurance with an SR22 filing attached can be difficult. That's because many of the largest motorcycle insurance companies will not file SR22's on motorcycle policies. There isn't any real logical explanation as to why motorcycle insurers have such a problem with doing SR22 filings. But this is the case with most of the largest insurers.
It's not because of any increased risk associated with motorcycle insurance. And it doesn't have anything to do with the SR22 filing either, since it only needs to be filed electronically. The problem is that is causes a lack of competition, which drives the premium to a higher cost than it should be.
However there are motorcycle insurance companies that will write SR 22's for motorcycles. But be forewarned, you will have to do a little more shopping around to get a good motorcycle insurance rate with an SR22. And again that's simply because of lack of competition.
However, I have found a few motorcycle insurance companies that are also SR22-friendly. The state you live in can sometimes dictate how much competition there is. Some states have more options than others do. But even with state that don't have as many options, I have found that it is still very possible to get a reasonable rate regardless of the competition level.
If you need any help with that give me a call or email or fill out a motorcycle insurance quote form and I will be glad to help you find a reasonable rate. When you fill out a quote, you will see a comments box before you finish your online quote. Be sure to mention that you need the SR22 attached, so I will know to quote you with SR22-friendly companies. And as always, I handle all quotes personally and privately and do not share your information with anyone.
Get an online motorcycle insurance quote.
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If you need an Ohio SR22 filing to reinstate your license, there are many factors that come into play regarding costs. What type of policy you take out plays a big role in that, as does several other factors.
This article is intended to give you a better understanding of the process and give you an idea of what the cost for an Ohio SR22 filing is going to be. But first we need to cover some basics.
What is SR22 bond insurance and how does it work?
How long am I required to keep an Ohio SR22 filing in force?
This answer can vary, especially if the SR22 Was Court ordered. But the vast majority of time, an SR22 filing is usually required for three years.
How do I set up in Ohio SR22 filing?
You have a couple different types of policies here. The important thing is to know which type of policy you need to attach the SR22. This depends on your vehicle situation.
What's the difference between a financial responsibility bond and a named operator policy?
A financial responsibility bond and the named operator policy are quite similar. But they do have some differences:
There are other differences between a financial responsibility bond and a named operator policy. But many of these differences get very technical to mention on here. If you would like to discuss this further, please give me a call or email, and I would be happy to explain the differences to you in better detail. But as far as needing an SR22 filing without owning a vehicle, either policy will work for you.
Now let's get into costs!
So really, the overall cost for an SR22 is more determined by the same factors that rate for auto insurance. For example:
The same factors that are used to calculate regular auto insurance rates are used to calculate SR22 attached policies as well. For vehicle owners, it is more about your driving record and whether or not your vehicle needs comprehensive and collision coverage, versus only needing liability coverage. People who need an SR22 filing and need comprehensive and collision coverage on the vehicle are going to have to do a little more shopping around to a find an affordable rate. But it is still doable!
The cost of an Ohio SR22 filing is not that much more in cost as opposed to regular auto insurance, as long as you are shopping around with SR22 friendly companies. It's when people stay with auto insurance companies that are not or as SR22 friendly that you get hammered on premium. If you would like to get an actual quote to know exactly in terms of dollars what your costs are going to be, simply click on one of the three links below.
Get an Ohio SR22 quote here if you own a vehicle.
Get an Ohio SR22 financial responsibility bond quote here if you do not own a vehicle
Get a qet an Ohio SR22 named operator quote here if you do not own a vehicle.
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How much does a DUI affect my auto insurance rate?
This case study pertains to how a DUI affects your auto insurance rate. This is a research project I've worked on in the last couple of weeks. What I did was look at actual auto insurance quotes that I have ran in the past several weeks. I compared that rate as it was versus adding a DUI onto it.
I wanted to see whether if terminology makes a difference, of whether you're charged with a DUI, DWI, OMVI, OVI or any other such violations that involves operating a motor vehicle while being impaired. Did that make a difference in premium?
I also wanted to find out how much your auto insurance rate is affected when you're able to have charges reduced to lesser violations. But the main focus of this case study was to see just how much in terms of a percentage increase getting a DUI will have to pay extra for car insurance.
How the study was done.
Be honest. I bet you thought that having a DUI would increase your auto insurance by much more than an average of 12.7%. I know I sure did. But that's because there's a lot of competition for the high-risk DUI market. That's why it's very important to shop around with multiple high risk companies in order to find the best rate.
After getting a DUI, it is very understandable why it benefits to have charges reduced to a reckless operation violation. It is a necessary evil sometimes in order to keep a DUI off of your criminal record. Unfortunately, it will hurt you as far as auto insurance is concerned.
Get an online auto insurance quote with DUI friendly companies.
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Here's a big motorcycle insurance tip that many bikers can take advantage of: If you own a motorcycle about 10 years or older, you might be amazed to learn that in many cases, upping coverage makes little or no difference in premium.
When you see a yearly premium of $100 per year or less, it is very likely that this tip will apply to you. If so, you should inquire about upping levels of coverage. That includes liability, uninsured motorist, medical coverage, and even sometimes physical damage coverage (comprehensive and collision coverage). Bikers need to be aware of several things when it comes to how motorcycle insurance rates are calculated. Knowing this, you can set yourself up with higher coverage for the same rate.
The reason why is because motorcycle insurance policies all have an absolute yearly minimum premium (usually $75-100 per year). But what a lot of people don't know is that older bikes tend to be rated well below this minimum. And thus, the insured can increase coverage essentially for peanuts more and sometimes for free!
I know many people might believe that sounds too good to be true, but I see it happening over and over with online motorcycle insurance quotes that I have personally ran myself. Although it does defy logic, you have to understand how vehicles are rated….
To illustrate, let me give you a real example of a motorcycle insurance quote request that I took in two days ago: The customer requested state minimum on liability coverage, no uninsured motorist coverage, only $1000 in medical payments coverage, and he also passed on comprehensive and collision coverage….. Premium = $75 per year……
His yearly premium came out to $75 per year. After playing around with the numbers and coverages, I realized that I could quadruple his liability coverage, add uninsured motorist coverage, up the medical payments coverage to 10,000. Result: He was still quoted with the same premium of $75 per year.
Furthermore, adding comprehensive and collision coverage only raised the premium by $8, to $83 per year.
Which of these levels of coverage would you rather have?!!!!!
Call it what you want, but it is not a fluke. It is simply gaps (flaws) that certain motorcycle insurance companies have in the way they rate motorcycles. Not all companies are like this, but I have a couple companies that are like this. And these are some of the largest insurers of motorcycles nationwide.
Bonus Tip: All of this also applies to insurance for off road bikes if not the same, but even more! This includes atv’s, scooters, mopeds, etc. So keep this in mind also if you need coverage for any other toys.
If you would like a quote for motorcycle insurance, click on the link below. I will help you maximize coverage for the lowest possible rate. And as always, I handle all quotes personally and privately.
Get an Online Motorcycle Insurance Quote.
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An SR50 is a state insurance filing that Indiana uses when it requires drivers to show proof of auto insurance. But there is some confusion over how these policies work, how to set them up, and other questions. So I've compiled a quick list of FAQs.
What is an SR50?
The SR50 is known as the affidavit of current insurance in the state of Indiana. It provides proof to the BMV that your auto insurance is current. The SR50 form is sometimes required when reinstating your drivers license.
What does an SR50 filing show?
It simply shows that you are carrying at least the Indiana state minimum auto liability insurance (which is 25/50/10). However, it is highly recommended that you select higher levels of coverage than that, as that is bare minimum coverage.
How do I get an SR50 filing?
If you own a vehicle, you simply need to attach this SR50 to a regular auto insurance policy. If you do not own a vehicle, you need to attach this filing on to what's known as a named operator's policy.
What's the difference between an SR50 filing and an SR22 filing?
An SR22 and an SR50 both are filed by the insurance company and submitted electronically to the Indiana BMV. The main difference is that with an SR22, the insurance company must also notify the BMV if the policy ever lapses or cancels. When this happens, the Indiana BMV once again suspends your license until you put another SR22 in force. With an SR50, the company is also required to submit the filing when taking out a policy. But unlike the SR22, they are not required to notify the BMV when the policy cancels or lapses. That is really the main difference between the two. However, it is very unwise to assume that you can make one payment on your SR50 insurance policy and then lapse and be okay. The BMV can call you out on that at any time.
Will an SR22 filing work as a substitute for an SR50 filing?
Yes. If you're required to file an SR50, an SR22 filing will also work for you. However it doesn't work both ways. If you're required to carry an SR22 filing, an SR50 filing will not work for you.
How much does an SR50 insurance cost?
The answer to that question is really more dependent on what type of auto insurance you carry. After all, an SR50 filing is not insurance at all. It is simply a filing that attaches onto auto insurance. Some companies will not write SR50 policies, but most companies will. The SR50 filing itself is usually just a small minimal add on as far as cost is concerned. The lions share of your premium is more related to the actual auto insurance itself and the coverages you choose.
Where can I find the cheapest SR50 insurance?
The most efficient way to find the best rate would simply be to get multiple SR50 quotes from an independent insurance agent. Particularly, an independent agent who specializes in high-risk auto insurance is most likely to have the best companies, as far as finding you the lowest rate. The beauty of going to an independent agent is that they will do the shopping around for you. That way, you're getting quotes from multiple insurance companies but only having to submit your information one time, rather than trying to get quotes one company at a time.
Get an Indiana SR 50 auto insurance quote here if you own a vehicle.
Get an Indiana SR 50 auto insurance quote here if you do not own a vehicle.
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Insure.com tracks every state and ranks them from most expensive to cheapest every year. The 2014 survey just came out. In this article we're going to list the top 10 most expensive, and the top 10 least expensive states for auto insurance. I will focus on the six states in our territory (Ohio, Indiana, Michigan, Pennsylvania, West Virginia and Virginia), and how they fared in these rankings. I have some good news for some of you, and bad news for others!
Most expensive states:
Let's start with the bad news first...... Michigan moved up to number one this year as the most expensive state. To to make it even worse for those of you in our territory, West Virginia moved up to number two as the second most expensive state. Fortunately those are the only two states in our territory that made the top 10 most expensive (or top 20 for that matter).
Michiganders, don't despair. It looks like state government is finally going to do something about these rates… eventually. The reason why Michigan is always rated so high is because they're the only state in the country that has unlimited lifetime medical benefits as a requirement. They also have a state-mandated catastrophe fund known as MCCA, which cost $186 per year, per vehicle. Michigan also has a very high-ranking in terms of uninsured motorist. It is estimated that as many as 20% of drivers in Michigan are driving uninsured. A huge reason for this, I think, is simply because the rates are unaffordable.
How did West Virginia auto insurance get to be so high? That's mostly because of two main factors. Number one is the fact that West Virginia has the highest rate in the country of deer accidents per capita. A second major reason is because West Virginia tends to have a lot of bad weather which doesn't mix well in a state that has a lot of mountains.
Least expensive states:
Now for the good news...... This year we have a new number one for the cheapest state in the country. And it's none other than the state of Ohio. Ohio surpassed Maine, who has been the usual winner year in and year out. More good news is that the state of Virginia finished in the top 10. Virginia came in at number 8. And although Indiana just missed the top 10 cheapest category, they did very well coming in at number 12.
While Ohio did make number one as the cheapest auto insurance state, I doubt they're going to hold hold that position any longer than this year. That's because the state minimum liability coverage went up, and the higher requirements are going into effect now as drivers' policies renew. But Ohio normally stays around the top 10 cheapest of the states. I don't see that changing changing anytime soon.
Pennsylvania, whom I've yet to mention ranks right in the middle at number 25. that is actually doing pretty well for a no-fault state. Many no-fault states tend to be towards the upper end of the expensive category. Being ranked in the middle is right where you want to be. PA does a good job of balancing necessary coverage with premium.
Virginia and Indiana both do very well as far as keeping auto insurance rates affordable. Neither state requires medical coverage, which plays a big part in why they rank toward the lower end of the premium scale.
If you would like to see the entire list of rankings lending exactly where the standings were as far as specific dollar amounts, simply click on this link.
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Dan Lyles is an Independent Insurance Agent serving Ohio, Indiana, Michigan, Pennsylvania, Virginia and West Virginia..