Surety Bond for SR-22

[papiowhisperer]

I had a couple driving mis-haps (never to happen again one-day-at-a-time) and the state of Hawaii requires me to take out a 3yr surety bond for $25,000.

Has anyone had a similar experience or can someone give me some direction?

Thanks in advance.

[papiowhisperer]

Upun further research of Hawaii Revised Statutes, I am need to provide proof of financial responsibility in the amount of $25,000 and maintain this proof for 3 years. This proof must be provided to the Dept. of Customer Services Financial Responsibility Section.

Now my question is what kind of costs am I looking at to do this with a surety bond? My other options are to go through my insurance company (SR-22), self insurace, money or a conventional bond.

Any and all help is greatly appreciated.

[Admin]

Surety bonds will not make financial guarantees. The state may say that the bond is an option, but I doubt you will find a carrier willing to back this type of guarantee.

You can try to obtain an approval, which our agents may be able to obtain through a high risk market for you. However, I would guess that your other options would end up being less costly.