Drivers who are charged with severe traffic infractions may end up losing their driver’s license. Depending on the severity of the offense, they can also be dropped from their auto insurance provider. Both scenarios could make it challenging to get coverage again. The encouraging news is that some companies provide SR22 bond insurance to help individuals get back on track. The following is a helpful guide on what the coverage is and how it works.

What is SR22 Bond Insurance?

It is a certificate provided by auto insurance providers to the state’s Department of Motor Vehicles (DMV) that shows a client has secured coverage. If your auto insurance provider has dropped you due to a suspended driver’s license, you may be required to have SR22 bond insurance to get your driving privileges reinstated. 

Who Should Purchase This Policy?

If a driver has been charged with a DUI, acquired multiple traffic violations, or been involved in numerous at-fault accidents and didn’t have auto insurance, they are likely to have their driver’s license suspended. They will need SR22 bond insurance to show proof that they have secured the coverage.

What Does This Policy Cover?

SR22 bond insurance is not insurance. It is a certificate showing the DMV proof that you have protection. However, drivers will typically need to secure their state’s required minimum liability coverage as a condition of having SR22 bond insurance. Liability insurance covers damage to another person’s vehicle if you caused an accident, and it also pays for the medical expenses of other persons injured in an at-fault accident. 

What Are the SR22 Regulations in Ohio?

Like most states, Ohio requires drivers to secure minimum liability coverage. Once the driver takes out an auto insurance policy and pays for it, their insurance provider will submit proof of SR22 bond insurance with the Ohio Bureau of Motor Vehicles (BMV). If you’re moving to Ohio from another state where you’re required to have SR22 bond insurance, you must have your certificate updated to meet Ohio’s requirements. If you cancel coverage, your auto insurance provider is required to report the cancellation to the BMV. The cancellation could prevent you from getting your driver’s license, and you may have to start the reinstatement process over again. 

If your driver’s license has been suspended, SR22 bond insurance can get you back on track. Ohio Insurance Center Agency in Cincinnati, OH, is in the business of helping high-risk drivers acquire the coverage needed to get them back on the road. Serving Hamilton, Butler and Warren Counties, this independent agency works with a network of leading auto insurance carriers that offer competitive rates and customized protection. To learn more about SR22 bond insurance, call (513) 522-6300 or visit their website for a free quote.