Why Is An Sr50 Insurance Form

The sr 50 is an auto insurance form also known as affidavit of the current insurance and this form is unique to indiana.

Why is an sr50 insurance form. The sr 50 insurance form is used as proof of auto insurance for high risk drivers in indiana. Failure to produce the sr 50 form when it s required can cost you up to 300 in fines. Indiana sr50 insurance an sr 50 is a filing that states that a driver has the state minimum required liability auto insurance. An sr50 should not be confused with being an insurance policy it is a certificate issued by an insurance company to be sent directly to the bmv.

It is necessary to fill the sr 50 for restoring the driving privileges when the suspension is over. This law states that a driver must show proof of insurance to the indiana dmv for any moving violation or accident for which they have been convicted. It is also required as a condition to reinstate your driver s license. An sr50 includes the name driver s license number and coverage dates for an insured party which indiana uses to verify coverage on a specific date where an sr22 is used to verify coverage for a specific period.

When you finish figuring out the right insurance policy for you with an accredited insurance company then the insurance representative will file the sr 50 form with the bmv. The indiana bureau of motor vehicles itself defines the sr 50 as a form that is use to provide proof or insurance to the bureau. Indiana has a financial responsibility law which requires all drivers to maintain financial. It is a form required by the state as proof that one currently has insurance on their vehicle.

Information the information on the sr 50 affidavit includes the name and driver s license number of the insured party as well as the policy s effective and expiration dates. Sr 50 auto insurance is a requirement that is unique to the indiana bureau of motor vehicles. An sr 22 is a document on file with your state proving you have car insurance that meets the minimum coverages required by law. Sr 50 auto insurance is actually an sr 50 form.

The sr 50 is not an insurance policy but rather a certificate issued by the insurance carrier and sent directly to the indiana bureau of motor vehicles bmv. It is an official form that is submitted by the driver proves coverage for the minimum liability insurance required. All the states have their own rules related to driving. Sr 50 insurance in indiana may be required if you re found driving uninsured or if your driver s license was suspended.

I swear or affirm under penalty of perjury that the information provided on this form is true. This is proof for the indiana bureau of motor vehicles and only is available for indiana. Sr 50 affidavit of insurance driver information last name first name middle initial driver license number street address city state zip code policy information insurance company name policy number.