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.
What is an Ohio SR22 Bond?
Ohio SR22 Bond FAQ's
Dan Lyles is an Independent Insurance Agent serving Ohio, Indiana, Michigan, Pennsylvania, Virginia and West Virginia..