What is SR22 insurance?
An SR22 filing is not really insurance at all..... But rather it's attached to auto insurance policy. The Indiana BMV may require you to carry an SR22 filing for a specified length of time. If an auto policy with an SR22 attached ever lapses or cancels,the insurance company is required to notify the Indiana BMV. When that happens your license get suspended until you put another active SR22 filing in force. So in other words, an SR22 is just proof to the Indiana BMV that you're caring at least the minimum liability auto insurance.
What type of auto insurance policy do I need?
That depends on your circumstances. But in general, if you own a vehicle or have a vehicle registered in your name, you need to have the SR22 filing attached to a regular auto insurance policy. If you do not own a vehicle or have a vehicle registered in your name, you need to take out what's called a non-owners auto policy (a.k.a named operator policy). Either one of these two policies will allow you to attach an SR22 filing.
Where can I find the cheapest rates on an SR22?
That totally depends on who you quote with. The best option is to quote with an independent agency who carries multiple SR22 friendly companies. Most agents who only sell for one company will not be able to help you. Find an independent agent who has several SR22 friendly companies to quote you with. That gives you your best chance of finding the best rates for an SR22 filing.
Do I have to carry full coverage with an SR22?
No. Having comprehensive and collision coverage on your vehicle is optional with an SR22. The only thing the Indiana BMV is concerned with is that you're carrying at least the state minimum liability coverage. That's it! (however, if you're making payments on your vehicle you can better believe that your finance companies will demand that you carry full coverage until your loan is paid off)
What reasons do the state of Indiana require SR22 filings?
There are multiple reasons why the Indiana BMV may require an SR 22 filing. But some general examples would be getting a DUI, driving under suspension, miscellaneous license suspension, or getting caught driving without auto liability insurance .
How long do I have to carry the SR22 filing?
Usually the requirement is three years. However, this can vary. You need to check with the BMV to know for sure. It's very important to know when your SR22 requirement expires because dropping the SR22 too early will cause your license to be suspended. Keeping an SR22 longer than you're required will cost you more because all companies charge extra for the SR22 filing.
SUMMARY: I hope this answered a lot of your questions regarding SR22 filings. If you still have any questions or would like me to explain things further, feel free to give me a call or drop me an email. I will be happy to answer your questions.
If you would like to get a quote from my agency click on one of the two links below, and I will run your information through all of my SR22 friendly companies that I have and find you the cheapest rate. And as always, I handle all quotes personally and privately.
Get a Quote with Lyles Insurance here if You OWN a Vehicle.
Get a Quote with Lyles Insurance here if you DON'T own a Vehicle
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Dan Lyles is an Independent Insurance Agent serving Ohio, Indiana, Michigan, Pennsylvania, Virginia and West Virginia..