Indiana Car Insurance Requirements (2024)

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

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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