Indiana Car Insurance Requirements (2024)
Explore Indiana car insurance regulations and coverage: Essential guidelines for peace of mind, confidence, and robust financial protection against unforeseen events on the road. Navigate the intricacies of mandatory requirements, understand policy options, and ensure you have the necessary coverage to safeguard your vehicle and yourself
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Justin Wright
Licensed Insurance Agent
Justin Wright has been a licensed insurance broker for over 9 years. After graduating from Southeastern Seminary with a Masters in Philosophy, Justin started his career as a professor, teaching Philosophy and Ethics. Later, Justin obtained both his Property & Casualty license and his Life and Health license and began working for State Farm and Allstate. In 2020, Justin began working as an i...
Licensed Insurance Agent
UPDATED: Oct 22, 2024
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Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Oct 22, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
Welcome to our comprehensive guide on Indiana car insurance regulations and required coverage. In this article, we will provide you with valuable insights into the mandatory coverage requirements set by the state. We will discuss topics such as liability insurance, uninsured motorist coverage, and the significance of additional options like collision and comprehensive insurance.
Understanding these essential aspects will empower you to make informed decisions when selecting your car insurance policy. To ensure you have the best coverage at the most competitive rates, we invite you to enter your zip code below and compare quotes from the top insurance providers in your area. Don’t miss out on the opportunity to secure the right protection for your vehicle and yourself.
Required Coverage
All personal vehicles in Indiana require the following liability coverage requirements:
- Bodily Injury
- Property Damage
| Minimum Indiana Car Insurance Requirements | |||
|---|---|---|---|
| Bodily Injury Liability | $25,000 / $50,000 Limit | ||
| Property Damage Liability | $10,000 Limit | ||
Additional insurance coverage can include:
- Comprehensive and Collision Coverage
- Uninsured / Underinsured Motorist
- Medical Payments
- Rental Reimbursement Coverage
- Towing Coverage
Comprehensive and collision are popular options for those seeking additional insurance protection. If your car is on the list of most stolen vehicles in Indiana, comprehensive would be a wise choice. It covers you if your vehicle is stolen or other non-collision events such as a tornado. Collision pays for repairs of your vehicle if it’s been involved in an accident.
Uninsured / underinsured insurance pays for damages to you, your passengers or your vehicle in the event that you are in an accident with an uninsured or underinsured driver. In Indiana, this coverage is required to be offered in the amount of $50,000, but you have the option to reject having it.
Rental reimbursement insurance will pay for the expense of getting a replacement vehicle or alternate form of transportation while your vehicle is being repaired after an accident.
Towing insurance will pay for the expense of towing your vehicle after an accident or if your vehicle needs repairs.
Proof of Insurance and Financial Responsibility
Establishing proof of insurance and financial responsibility
- Get a standard liability car insurance policy
- A deposit of $40,000 with the state treasurer
- A trust fund with a market value of $40,000
- A bond that meets the BMV’s requirements issued by an Indiana surety company
Required Documentation
In order to provide proof of insurance, you can provide one of the following:
- Insurance ID Card
- Proof of deposit with state treasurer, trust fund or surety bond
You must maintain proof of insurance and financial responsibility and present it:
- When asked by a police officer
- After an accident
- When registering or renewing your vehicle’s registration
- Anytime you are operating a vehicle
Failure to Maintain Financial Responsibility Penalties
If you are unable to show proof of insurance, you can face the following penalties:
- Suspension of license and/or registration from up to 90 days to a year
- License reinstatement fees of between $150 – $300
- Requirement to maintain an SR-22 on record with the BMV for 3 years
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Frequently Asked Questions
What are the minimum car insurance requirements in Indiana?
Indiana car insurance regulations require all drivers to maintain minimum coverage of 25/50/10 in liability insurance when operating their vehicles.
What is a tort system?
A tort system is used in the state of Indiana. Under this type of system, someone must be found at fault for causing a car accident. This person and their insurance company are then required to pay for financial damages resulting from the accident.
What additional insurance coverage options are available in Indiana?
Additional insurance coverage options in Indiana include comprehensive, collision, uninsured/underinsured motorist coverage, rental reimbursement, and towing insurance.
What is comprehensive insurance coverage?
Comprehensive insurance coverage pays for damages if your vehicle is stolen or damaged in a non-collision event, such as a tornado.
What is collision insurance coverage?
Collision insurance coverage pays for repairs of your vehicle if it’s been involved in an accident.
Is uninsured/underinsured motorist coverage required in Indiana?
In Indiana, uninsured/underinsured motorist coverage is required to be offered in the amount of $50,000, but you have the option to reject having it.
What is rental reimbursement insurance?
Rental reimbursement insurance will pay for the expense of getting a replacement vehicle or alternate form of transportation while your vehicle is being repaired after an accident.
What is towing insurance?
Towing insurance will pay for the expense of towing your vehicle after an accident or if your vehicle needs repairs.
What documentation is required to establish proof of insurance and financial responsibility in Indiana?
To provide proof of insurance, you can provide a certificate of insurance, insurance ID card, or a copy of your insurance policy.
What are the penalties for failure to maintain financial responsibility in Indiana?
If you are unable to show proof of insurance, you can face penalties, including fines, suspension of your license and registration, and possible impoundment of your vehicle.
Where can I find car insurance agents in Indiana?
You can find car insurance agents in Indiana in cities such as Indianapolis, Fort Wayne, Evansville, South Bend, Carmel, Fishers, Bloomington, Hammond, Gary, Lafayette, Muncie, Terre Haute, Noblesville, Kokomo, Greenwood, Anderson, and Elkhart.
Are there any online resources available to compare car insurance quotes in Indiana?
Yes, you can compare car insurance quotes online from various companies by using a free quote tool.
Compare The Best Insurance Quotes In The Country
Compare quotes from the top insurance companies and save!
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Justin Wright
Licensed Insurance Agent
Justin Wright has been a licensed insurance broker for over 9 years. After graduating from Southeastern Seminary with a Masters in Philosophy, Justin started his career as a professor, teaching Philosophy and Ethics. Later, Justin obtained both his Property & Casualty license and his Life and Health license and began working for State Farm and Allstate. In 2020, Justin began working as an i...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.