Illinois Financial Responsibility | $2,000 Financial Responsibility Surety Bond

Also known as: financial responsibility bond

Type of Bond

An Illinois financial responsibility bond, also known as a surety bond or SR-22 bond, is a type of bond required for certain drivers who need to prove their financial responsibility to the state. This bond is typically required for drivers who have had their licenses suspended or revoked due to traffic violations, such as driving under the influence (DUI), driving without insurance, or accumulating too many points on their driving record. The bond serves as a financial guarantee that the driver will maintain the required auto insurance coverage and comply with all applicable state laws and regulations while driving. The primary purpose of the bond is to protect other motorists and the public by ensuring that the bonded driver is financially responsible for any damages or injuries they may cause while driving. To obtain and maintain an Illinois financial responsibility bond, the driver must pay a premium, which is a percentage of the total bond amount set by the state or the surety company. The bond is typically maintained until the driver can prove their financial responsibility through standard auto insurance coverage or until the suspension period ends.


Program

The price you'll pay for your $2,000 Financial Responsibility Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!

We provide all types of $2,000 Financial Responsibility Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.


Application

The application process for a $2,000 Financial Responsibility Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Financial Responsibility Bond Application process.

The Illinois Financial Responsibility Bond amount is currently set at  $2,000.

Obligee Information

An obligee is the entity that is requiring you to have the Financial Responsibility bond.

For your convenience you can view a sample copy of the Illinois Financial Responsibility Bond Form.

Obligee: Department Of Revenue State Of Illinois
Street: Po Box 5587
State: Illinois
Zip: 60680