Indiana SR50 Insurance
The Indiana Department of Motor Vehicles requires an Indiana SR-22 or Indiana SR50 insurance certificate to be filed for license reinstatement. An SR50 will affect your car insurance rate.
Similar to an SR-22 certificate of financial responsibility, an Indiana SR50 insurance certificate (affidavit of current insurance), is a rider to a driver’s primary insurance policy. An Indiana SR50 insurance certificate is a requirement for license reinstatement, as well as a guarantee to the Indiana Department of Motor Vehicles that the driver will remain properly insured for a required period of time. This form shows the Department of Motor Vehicles the beginning and ending dates of the current policy.
To reinstate driving privileges from a mandatory suspension, suspended drivers will be required to pay a reinstatement fee and will be required to have an SR50 form filled out and returned to the Bureau of Motor Vehicles.
If the policy expires or is cancelled, the insurance provider immediately notifies the Indiana DMV by submitting an SR26 filing. This will cause the driver’s license being suspended or revoked again, resulting in additional fines, fees or other penalties.
Usually, drivers under this requirement are expected to carry Indiana SR50 insurance for a period of three years, keeping it in effect with no lapse in coverage.
Offenses that require Indiana SR50 insurance include:
- DUI or DWI offense
- Refusal to take a breath or blood test
- Operating an uninsured vehicle / uninsured accidents
- Multiple driving offenses / excessive points on a driver’s record
- Child support or neglect cases
- Legal judgments
Indiana SR50 insurance can be purchased as an owner/owner-operator policy for those who own a vehicle, or as a non-owner policy for those who do not own a vehicle.
Indiana minimum required insurance coverage limits:
- Uninsured Motorists: Bodily Injury: $25,000/$50,000
- Property Damage: $10,000
- Under insured Motorists: Bodily Injury: $50,000
While having to file an SR50 will make your car insurance rate increase, for the best rate call us today and see how we can help you find the best policy at the lowest price.