In Ohio and throughout the country, you must carry a minimum amount of auto insurance to drive legally. However, if you are a high-risk driver, you must file a form with the state's Bureau of Motor Vehicles (BMV) to prove that you have the minimum amount, which is known as an SR-22 bond. If you have questions about this, below are answers to some of the most common.

What You Should Know About SR-22 Bonds

Who needs an SR-22 bond in Ohio?

The court may mandate that you must obtain an SR-22 bond if you violate certain traffic laws. For example, if you are convicted of driving under the influence or driving recklessly, this categorizes you as a high-risk driver. Alternatively, if you don't have the minimum amount of insurance and you cause an accident, the court will require you to obtain an SR-22 form. By requiring this form, the court ensures you are operating a vehicle legally and with sufficient insurance protection.

How does the bond work?

While many people compare SR-22 bonds to auto insurance, they are not the same. The bond is an extra requirement that proves to the BMV you are carrying the necessary insurance, and the insurer must renew it regularly to confirm you are paying the insurance premium. Additionally, the coverage you get is usually limited to accidents that you are at fault for, providing you with financial protection. While the bond won’t pay for your injuries or damage to your vehicle, it will cover a passenger's injuries.

What are the coverage amounts?

The minimum amount of liability coverage in Ohio is $25,000 for bodily injuries per person, $50,000 for injuries per accident, and $25,000 of property damage coverage for each accident. This amount aims to ensure that anyone who experiences a loss as a result of your actions receives sufficient payment.

How do I obtain a bond?

When the court orders you to obtain an SR-22 bond, you can fill out an application through a licensed auto insurance company. After receiving approval, they will write your policy and send the bond to the state to prove that you have insurance. This usually takes a day or two to process, so avoid driving until your agent confirms that it has been accepted.

If you need a low-cost SR-22 bond, contact 1st Choice Insurance in Fairfield, OH. This family-owned auto insurance company specializes in helping high-risk drivers secure the appropriate policies and SR-22 bonds so that they can get back on the road. They also offer motorcycle and RV insurance. Visit the website for information about their services, and call (513) 860-0666 to speak with a representative.