The SR22 bond is a financial responsibility certificate that covers the driver's liability to the damage or others involved in the auto accident. SR22 bond is needed to cover property damage and any liability arising from an auto accident.
As an alternative to insurance, drivers in Ohio can attach an SR-22 filing onto a financial responsibility (FR) bond. These bonds are also purchased from insurers and are typically the cheapest way to meet an SR-22 requirement. SR-22 bond quotes may vary among insurers, so we recommend you still compare rates from multiple providers.
SR-22 Bond is required for the following convictions:
The cost of an SR-22 filing in Ohio is quite low; insurers typically charge a one-time fee around $20 to file the document with he Ohio Bureau of Motor Vehicles (BMV). SR-22 insurance quotes, however, will often be much higher than quotes for a standard policy because of whatever incident caused you to need the SR-22 filing. The filing fee is usually $25 to $50 depending on the auto insurance company you choose to file the SR-22. The cost of the SR22 bond in Ohio is directly related to why you need to file the form i.e., the severity of your driving violation.
The SR22 Bond covers you as a driver
SR22 bond does not cover the car you are driving or the car you own. An SR22 bond will not provide medical coverage for you or anyone else in the vehicle you are driving at the time of the accident. All damages beyond the $75,000 limit (state minimum of liability) are your responsibility.
If you need to file an SR-22 bond, you must directly contact an insurance company who is licensed to do business in Ohio. The insurance company will then do the filing for you with the Ohio Bureau of Motor Vehicles (BMV).
You can also contact us at our toll free number 888-885-3948 for assistance in filing SR-22 bond. Our executives will get you free no obligation SR-22 quotes from multiple top providers in Ohio. You can compare rates and choose the one that most suits your needs.
Get a Free, No-obligation SR22 Auto Insurance Quote