If you have had your driver license suspended in Ohio, you are probably looking for the least expensive way to get it back. If your license was suspended because you did not carry auto insurance, you will need to file a SR22 with the Ohio Bureau of Motor Vehicles. Traditionally, this is accomplished by purchasing a minimum limits auto insurance policy; however, there is a less expensive way to get your license back.

An insurance bond in Ohio is designed to satisfy Ohio’s requirements for minimum liability coverage. When you purchase this type of bond, the bond agent will file a form, called a SR22, with the Ohio Bureau of Motor Vehicles. This form simply certifies that you have met Ohio’s financial responsibility requirements.

It is important to understand that a SR22 bond in Ohio is not the same as an insurance policy. It simply provides amounts to pay for the medical expenses, injuries, and property damage you cause to others if you are at fault in a car accident. Specifically, this bond will pay up to $12,500 for one person’s injuries; $25,000 for injuries to two or more people; and $7,500 to repair or replace the other driver’s car or personal property inside the vehicle. At most, it pays a maximum of $32,500 for one accident.

Although a bond can be inexpensive, it does not protect you. If the other driver’s medical and property damage expenses exceed $32,500, you can be sued for the remainder. Given that medical bills alone can easily exceed $100,000 for a serious accident, you could still end up owing a substantial sum of money.

Also, a bond provides no money for the medical expenses of you or your passengers. It also will not pay for any damage caused to your car, regardless of who was at fault in an accident.

Getting a bond in Ohio is the cheapest way to fulfill your legal obligations and get your driver license back. In many cases, though, it is not the best choice – because an accident can be financially catastrophic, you really need an insurance policy to properly cover yourself and your family.

Get Information on Sr22 Ohio Bonds. Also, make sure to compare Cheap Sr22 Insurance quotes in order to Save Tons of Money.

Article Source:

http://EzineArticles.com/?expert=Nikki_James

Unfortunately, I was caught driving without car insurance recently and am now considered “high risk” in Chandler Arizona AZ. Can I still keep my existing car insurance or do I need to get another?

Charry

Chandler, AZ

Hello,

Yes Charry, you may still keep your existing, as long as it is not yet expired, car insurance but SR22 insurance will be added. SR22 insurance is considered an addendum to a car insurance policy that would satisfy the state requirements on car insurance.

You should know that Chandler Arizona AZ follows the SR22 insurance requirements. There is what is called the SR22 kind of communication among SR22 insurance companies and Phoenix’ secretary of state to keep track of certain persons who are considered high risk.

So if you had driving violations in Chandler Arizona AZ or in any other part of Arizona, you are required to have SR22 insurance usually for two to three years. SR22 insurance assures the state that you will continue or in your case, have at least the state’s minimum liability car insurance coverage. You wouldn’t want to be caught driving without car insurance again do you?

I also suggest that you do not delay in acquiring your SR22 insurance because the state of Arizona usually takes longer than other states to file. You may do all the transactions either by phone or online using your credit card. Documents will be sent to you by fax or by mail for you to affix your signature. Try shopping online for free quotes using the form that you see in this site.