Welcome to Ohio SR-22 Bond
Ohio SR-22 Bond is a division of Ruddy Insurance Group. We are specialists in helping people legally drive in the State of Ohio. Read the information below to find out more about SR22 Bonds in the State of Ohio and Get Your Free Quote by clicking here.
The SR22 is not insurance?
The SR-22 is not traditional automobile insurance. It is a bond or a filing made by Ohio SR-22 Bond, a division of Ruddy Insurance Group to the state of Ohio proving you have at least the state minimum required amount of liability. This allows you to legally drive in the State of Ohio. This SR22 bond provides you with the cheapest, least expensive insurance protection allowed by the State of Ohio.
Why Do I need an SR-22 Insurance Bond?
The State of Ohio requires all drivers to show financial responsibility. With the SR-22 bond insurance, if there is an accident due to negligence on your part, the injured party is guaranteed compensation that will cover some or all the damages incurred.
How does the SR22 Bond Insurance work?
The SR22 Bond provides $12,500 bodily injury for any 1 person injured / $25,000 bodily injury per accident when 2 or more people are injured, and $7,500 in property damage liability coverage in the event you are at fault in an accident. It covers you as a driver. An 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 $32,500 limit (state minimum of liability) are your responsibility.
Why is this something to take seriously?
If you get pulled over without proof of insurance...
- The length of the first suspension will be 90 days with a $150 fine.
- For a second offense it’s a year suspension with a $300 fine.
- For a third offense it's a two year suspension with a $650 fine.
- Also, even if you don’t get pulled over, Ohio law requires the BMV to randomly check 5% of all vehicle owners to make sure they meet the minimum financial responsibility requirements. If you ignore this notice, they will suspend your driver’s license and impound your certificate of registration and license plates.