Learning about your coverage options can help protect you against potential claims long into the future. Our team at SR22 Bond of Ohio has many decades’ experience helping drivers to get back on the road and achieve coverage. And in this latest post, we’ll explain the importance of SR22 insurance and how it can protect you on the road.
What is the benefit of relying solely on SR22 bond?
An SR22 bond is generally more cost-effective than traditional insurance options for drivers that are simply looking for the minimum coverage levels. Rather than enter the traditional insurance market as a high-risk driver, they can use SR22 bond to show they have an insurance policy and qualify to use a vehicle in Ohio.
When is SR22 insurance required?
The State of Ohio requires that you purchase an SR22 bond or SR22 insurance and have a policy in good standing for three years if you have been convicted of a specific driving offense under state or federal law. For example, those convicted of a DUI office are legally required to buy SR22 insurance for three years in order to drive in the state.
What happens if I stop paying SR22 insurance?
If you are under a legal obligation to maintain an SR22 and you can no longer make the payments on your bond or policy, you’re at risk of facing a fine and having to begin the SR22 insurance process again, beginning from scratch with a new three-year suspension. This means it’s important to work with a qualified SR22 specialist in safeguarding your SR22 payment process for the full period of the policy.
Once I pay the SR22 fee, is my license reinstated?
If your license has been revoked and you’re utilizing the SR22 bond or SR22 insurance process to have it reinstated, you will likely have to pay a reinstatement fee in addition to your SR22 insurance payment to begin driving again. This will ensure you’re fully covered under the law. The Ohio BMV will let you do a payment plan to help alleviate the monthly cost to you.
Make sure you work closely with a local SR22 bond expert to reinstate your driver’s license with an SR22 insurance policy. Our team at SR22 Bond of Ohio can help guide you through this process. To learn more, call us today.