Michigan SR22 Auto Insurance Financial Responsibility Information
In the state of Michigan it is illegal to operate a motor vehicle without valid liability insurance. The liability limits read 20/40/10, which translates to $20 thousand per person bodily injury, $40 thousand per accident bodily injury (more than 1 person injured) and $10 thousand property damage. This coverage applies to property that is damaged, and people injured in an accident. The insurance company representing the driver at fault will pay these damages. If the amounts exceed the limits on the policy, the at-fault driver can be sued for the balance. It is ALWAYS a good idea to hold liability limits higher than these minimums, but this is all that MI requires. It is the responsibility of every vehicle owner to maintain liability insurance. At WESSELL INSURANCE, we shop several MI insurance companies to find you the best rate.
To reinstate a SUSPENDED MI DRIVERS LICENSE, you will need to pay a reinstatement fee, and provide PROOF OF FINANCIAL RESPONSIBILITY, or an SR22 policy written in MI. (With or without owning a vehicle) This policy will allow Michigan to monitor the progress of the insurance. As long as the policy remains active, your license remains valid. This provision/compliance will have to be met until the state releases you from your SR22 responsibility.
A non-owner policy can be purchased if there are no automobile registered in your name, and that applies to all states. However, a non owner policy can be purchased if there is a vehicle/s in the household, but not registered to your name. The exception to this rule is a husband and wife who own a vehicle. In that scenario, the vehicle has to be listed.
In some states a broad form can be purchased, in addition to your existing policy. How ever, there are only a few states that offer a broad form policy with an SR22 endorsement. Please contact us for specific information regarding a broad form policy to see if that suites your situation. Please contact us for more information.
Current state contact information:
MICHIGAN DEPARTMENT OF STATE
LANSING, MI 48918
Phone: 888-767-6424
