Welcome to the Effin
Insurance SR22 page.
There is a lot of confusion about SR22's.
Regardless of what unknowing agents say, SR22's are not insurance. They
are not bonds either. An SR22 is a state approved
form (state form
that is an agreement between the state and your insurance company. It's a
piece of paper that basically says that the insurance company will tattle
tell on you if the policy cancels for any reason.
When a SR22 is filed with the state, its shows
that you have the minimum financial responsibility coverage required by
your state in the form of insurance, or a Bond.
Some companies charge nothing to file the SR22
with the state. Others charge a minimal one time fee per policy period of
$10 to $25 (company dependent).
Then you have your state minimum liability
coverage. You can purchase this in the form of insurance, or a Bond.
A Bond covers you for minimum liability
coverage, as a listed driver. Some companies want your vehicle
listed, some don't. It does not provide coverage for anyone else to
drive your car. If someone else drives your car and has an accident,
you could be sued just as if you had no coverage. Bonds are good for
people want state minimum limits and who have lots of cars that no
Insurance does give you more coverage. An
insurance policy will give you all the same minimum coverage that a
Bond does, but can provide coverage if someone else drives your car.
Now, there are exceptions and exclusions to everything. So you need
to talk to your agent regarding specifics of the company you are
To complicate it even further here are two types
of liability insurance policies:
Owner policy - You actually list all
vehicles that you own and want insured on the policy. If they aren't
listed on the policy, they aren't covered.
Non-Owner policy - Covers you in any car
you drive that you do not own.
An insurance policy can also provide medical
coverage, Un/Underinsured Motorist bodily injury and property damage. You
can also add on physical damage coverage for your vehicle, along with
other optional coverage's such
as Towing and Rental.
Which one of these is best, a Bond, or
Insurance, depends on your situation.
Insurance Agency is a full service independent agency located in
Granville Ohio. We are licensed to sell insurance in Illinois, Indiana, Ohio and Pennsylvania. We can
with your SR22 and many other different types of Bonds and insurance. See our "Products" page for
You can get an Online Auto Quote
in Illinois, and Indiana with all of our insurance companies. You
just need to register, get your quote and call or email us to get it
Insurance Agency wants to be your one stop shop for
insurance. If you are having trouble getting your quote and policy started, Call
us at 740.334.4970.