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SR-50 Car Insurance (Compare Quotes)

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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UPDATED: Jul 30, 2021

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Key Takeaways

  • SR-50 is a high-risk driver certification in Indiana
  • Your SR-50 status can increase your car insurance rates
  • Indiana drivers who are uninsured could have their license suspended

Did you know Indiana doesn’t have SR-22? Indiana has a high-risk driver program known as the Affidavit of Current Insurance. But what is SR-50 insurance, and how does it work?

Read through this article to learn more about SR-50 auto insurance and why you need it. We’ll also show you how to get high-risk car insurance.

Once you learn everything about SR-50 car insurance requirements, enter your ZIP code in the free comparison tool above to compare the top companies near you.

How much are SR-50 car insurance rates?

While it’s unlikely that you’ll have SR-50 car insurance quotes, your car insurance rates are affected by your SR-50 status.

Many factors determine whether affordable SR-50 car insurance is available to you. One of the main factors is driving history. When you have SR-50, you are considered a high-risk driver, and your rates could resemble costs under accident and DUI categories.

While it’s difficult to pinpoint an exact price, we can give you an idea of what SR-50 auto insurance rates would look like:

Indiana's Average Monthly Car Insurance Rates by Driving Record
CompaniesAverage Monthly Car Insurance Rates w/ Clean RecordAverage Monthly Car Insurance Rates w/ One Moving ViolationAverage Monthly Car Insurance Rates w/ One AccidentAverage Monthly Car Insurance Rates w/ One DUI/DWI
American Family$211$252$337$426
Liberty Mutual$376$414$443$694
State Farm$196$196$215$196
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These rates are only averages. You can lower your car insurance rates with discounts. If you happen to have good credit or more than one insurance policy, you can save a few dollars per month on SR-50 auto insurance.

How does SR-50 car insurance work?

SR-50 auto insurance isn’t insurance. It’s labeled SR-50 car insurance because car insurance companies file SR-50 forms for drivers in Indiana.

The SR-50 program is known as the Affidavit of Current Insurance.

It’s a certification that your auto insurance company submits to the Indiana Bureau of Motor Vehicles (BMV) that says a driver carries the minimum auto insurance requirements to have their license reinstated after a major accident or DUI.

Here are the current Indiana car insurance requirements:

  • $25,000 for bodily injury of one person per accident
  • $50,000 for bodily injury of multiple people per accident
  • $25,000 for property damage per accident

Once you have the minimum auto insurance requirements, your auto insurance company sends over the SR-50 form to the Indiana BMV.

Why do I need SR-50 attached to my car insurance?

If you’re required to carry SR-50 insurance in Indiana, then you recently lost your license. To reinstate it, your insurance company must file an SR-50 with the BMV.

There are a few reasons why high-risk drivers in Indiana need SR-50 certification. Here are some common reasons why you’ll need SR-50:

  • The Indiana BMV received a report of an accident you were involved in
  • You’ve had more than two moving violations within a year
  • Your last driving violation resulted in a misdemeanor or felony conviction
  • You’re convicted of a moving violation while your driver’s license is currently suspended for driving uninsured

If you have a suspended driver’s license because you were driving without car insurance, you’d have to pay between $150 and $300 to reinstate your driver’s license.

What’s the difference between SR-50 and SR-22?

SR-50 and SR-22 are similar, but what is SR-22 insurance?

The difference between SR-22 and SR-50 is that SR-50 shows proof that you currently have car insurance. Meanwhile, SR-22 proves that you have current and future insurance.

There’s also a difference in terms. SR-50 doesn’t provide a term limit, but SR-22 lasts for at least two years.

SR-22 also comes with a fee that’s between $15 and $50. The cost depends on the state and your driving history.

SR-50 Car Insurance: What’s the bottom line?

If you’ve been in an accident, got a DUI conviction, or have a suspended license in Indiana, you’ll need SR-50.

Although it’s difficult to secure cheap car insurance with SR-50, it’s better to have the coverage you need rather than remaining uninsured.

Before you buy SR-50 car insurance, use our free online quote tool below to shop with multiple companies in your area.

Frequently Asked Questions: What is SR-50 car insurance?

Want to know more? Here are a couple of answers to frequently asked questions.

#1 – What is a non-pointable violation in Indiana?

Non-pointable violations are non-moving violations, such as illegal parking, that don’t apply points to your license.

#2 – Why do car insurance companies recommend a higher coverage level for high-risk drivers?

SR-50 certified drivers are at a higher risk of causing more expensive bodily injury and property damage. Therefore, it’s recommended that SR-50 drivers invest in higher coverage limits and possibly save themselves from out-of-pocket costs.

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