Auto Insurance SR22 Indiana
Reader’s Question:
Is there a difference between an SR22 and SR50 form in Indiana?
Jenny
South Bend, IN
The Indiana Bureau of Motor Vehicles, an SR-50 is a form used by an individual to show proof of current car insurance. This SR50 shows both the beginning and end dates of the current policy to the Bureau.
Therefore the definition of the SR 50 is a form required by Indiana (and probably in some states) as proof that one currently has insurance on their car.
If an individual is not insured at the time of a infraction, a reinstatement fee of between $150 to $300 is needed and they may be subject to a 1 year suspension of their driving privileges and will be required to have an Affidavit of Current Insurance, or SR-50 form, filled out and returned to the Indiana BMV by their insurance provider.
An SR 22 is proof of financial responsibility in Indiana. An SR-22 is mandatory three (3) year period if you are required to carry this certificate of Financial Responsibility Certificate .An SR 50 on the other hand is proof of current financial responsibility that your insurance company would send to the state.
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