* $15,000 for injury/death to one person.
* $30,000 for injury/death to more than one person.
* $5,000 for damage to property.
Liability insurance compensates a person other than the policy holder for personal injury or property damage (comprehensive or collision insurance does not meet [...]
* Your driving privilege may be suspended. If you are involved in an accident and cannot provide evidence of financial responsibility, you may lose your driving privilege for up to one year.
* Registration of your vehicle will be subject to suspension (effectiveOctober 1, 2006). DMV will begin [...]
Your insurance company is required to electronically report insurance information for all private-use vehicle liability policies. In some cases, however, you may also be requested to submit this information to DMV by providing:
* A document or identification card from your insurance company indicating that the vehicle is insured. (Documents mailed to [...]
Financial Responsibility Insurance (SR-22) is the mechanism in Illinois to monitor the insurance of problem drivers and authorize the Secretary of State to suspend upon cancellation (SR-26) or expiration. Through the SR-22 and SR-26 process, mandatory insurance is enforced in the most efficient way. Through the S&FR law, Illinois citizens are protected from uninsured motorists.
Financial [...]
Under Public Act 94-0224 out-of-state residents may request that their proof of financial responsibility for Illinois be waived. An Affidavit must be completed to request the waiver. Please note that the Affidavit will only waive the SR22 Insurance requirement for Illinois. You will be subject to the insurance requirements of your new home state once [...]
Alternate methods of filing proof of financial responsibility are available. Instead of the SR-22 Certificate, the individual may deposit $55,000 in cash or securities with the State Treasurer, file a surety bond, or file a real estate bond approved by a court of record.
Future insurance related suspensions could be avoided if SR-22 insurance is renewed a minimum of 45 days in advance. If the insurance agency does not receive a renewal 15 days before the insurance expiration, they are required by law to notify the Secretary of State. At that time, we will start the suspension process. By [...]
An SR-22 may be obtained by contacting an insurance company that is authorized to write SR-22 policies for Illinois. When payment is made to an insurance agency, the agent will submit a request for an SR-22 certificate to the central office. The SR-22 certificate will then be sent directly to the Secretary of State in [...]
Minimum Liability Limits
The SR-22 policy must meet the minimum liability requirement for Illinois. The minimum amount of coverage must be issued for at least $20,000 for one person killed or injured, $40,000 for two or more persons killed or injured and $15,000 for property damage.
An SR-22 is a certificate of insurance filed by the home office of an insurance company directly to the Secretary of State. The SR-22 certificate is issued in one of the following forms:
Operator’s Certificate - This policy covers the motorist in the operation of any non-owned vehicle. If the motorist does not own a vehicle, [...]
