An SR22 bond is especially important if you have your driver’s license suspended or revoked due to various violations or driving under the influence. The purpose of an SR22 is to give the state of Ohio assurance that a person with a revoked driver’s license has purchased auto insurance and is financially responsible. On the other hand, insurance lapse may occur if you stop paying for an SR22 bond. Not paying your regular premium can lead to significant consequences and result in expensive fees.
Here are a few of the most common scenarios if you decide to stop paying for this legal documentation.
1. Driver License Suspension
One of the most common results of not paying your SR22 bond is driver license suspension. A suspended license is a significant consequence that impacts your daily life and makes it difficult to travel to work or school. Driving on a suspended license can also lead to more penalties and expensive fines. Choosing to pay your SR22 insurance is a much safer option and can help you avoid all of these problems.
2. Vehicle Registration Suspension
Another consequence of not paying your SR22 is vehicle registration suspension. Getting caught driving a vehicle that has a suspended registration can lead to numerous fees and serious legal consequences. Many times, these fees can range anywhere between $160 to $600. Choosing to pay your SR22 is a much simpler process and will keep you out of trouble.
3. Additional Fees
Failure to pay SR22 insurance will lead to more expensive fees and is a major headache. Many of these fees include reinstating the license, vehicle registration, and various legal costs. These costs can quickly add up and make it difficult to find the extra money to pay these fees. The best way to avoid this dire scenario is never to let your car insurance lapse. You can also reach out to a company that specializes in SR22 insurance if you have any type of questions or concerns.
Contact Our Team Today
If you need an Ohio SR22 certificate, SR-22 Bond of Ohio makes it easier than ever to obtain this important legal document. Our team of professionals is always available to answer questions. We have been in business for over 30 years, as we take pride in offering the best customer service. Click here to learn more about our services and get your instant quote!