What is an SR22 bond?


Quick Answer

An SR22 bond, or Certificate of Financial Responsibility, is a form sent by an auto insurance company to the state to confirm that an individual has the required insurance. An SR22 bond is also known as SR22 insurance, even though it is not actually insurance.

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Full Answer

The Department of Motor Vehicles lets an individual know if he needs an SR22 bond. Reasons an individual might need an SR22 bond include being charged with driving under the influence of alcohol or other controlled substances, driving without a valid license, reckless driving, numerous traffic violations or being involved in an accident without having liability insurance.

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