In the state of Indiana, auto insurance laws are a little different when it comes to reinstating your suspended license with the BMV. That is because an SR22 filing gets confused with an SR50 filing. While all but eight states have SR22 filings, Indiana is the only state that has SR50 filings. Having the two filings together gets confusing. This article will explain what you need to know about both the SR50 and SR22 auto insurance filings, and help you learn how to reinstate your license as soon as possible (we will also cover the SR21 as well).
Before I explain the differences between an SR50 and an SR22 filing, it would be easier for you to learn how they're both similar first.
How to set up the SR50/SR22 attachment onto the right auto insurance policy that you need.
This is the most important step because it is where people tend to make the most mistakes. But the solution is very simple! There are only two types of personal auto insurance in Indiana: a regular auto insurance policy and a named operator auto insurance policy (aka non owners policy).
To determine which of the two policies you need is very simple:
Next step: Filing the SR50/SR22 to the state BMV after buying your policy.
The good news here is that you do not have to do anything. Per Indiana law, both the SR50 and SR22 filings must be filed electronically to the BMV by your insurance company. So once you buy a policy with either filing attached, you just have to sit back and wait for the BMV to process it. Usually this does not take long. The insurance company will send the filing right away and the BMV will normally have it processed within one or two business days.
What's the Difference between the SR50 and the SR22 Filing?
Other types of Indiana State filings:
I hope this clears up any confusion and answered any questions you might have about either the SR50 or the SR22 filing. If you still have questions, feel free to call me or drop me an email, and I'll be happy to answer any of your questions. If you would like to get a SR50/SR22 quote and move forward towards getting your license reinstated, click on one of the two links below, and I will be happy to shop around for you and find you the company with the best rate. And as always, I handle all quotes personally and privately.
*source: Indiana BMV. http://www.in.gov/bmv/2373.htm
If You Own a Vehicle, Get an SR50 / SR22 Quote Here.
If You Do Not own a vehicle, Get an SR50 / SR22 Quote Here.
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Dan Lyles is an Independent Insurance Agent serving Ohio, Indiana, Michigan, Pennsylvania, Virginia and West Virginia..