State of Indiana Insurance Requirements

Insurance King wants to help you get the lowest possible auto insurance rates. Being familiar with your state’s financial responsibility requirements is an easy way to start. Here is the most recent information for Indiana:

The minimum amount of liability insurance coverage required to satisfy Indiana’s Financial Responsibility law is 25,000/50,000/25,000. This means that your insurance policy must insure you against loss in an accident where you have been determined to be at-fault for a minimum of:

  • Twenty-five thousand dollars ($25,000) because of bodily injury to or death of one (1) person in any one (1) accident
  • Fifty thousand dollars ($50,000) because of bodily injury to or death of two (2) or more persons in any one (1) accident, subject to the twenty-five thousand dollar ($25,000) per person limit
  • Twenty-five thousand dollars ($25,000) because of injury to or destruction of property of others in an accident

Under Indiana law, you are required to provide documentary proof of Financial Responsibility in the following circumstances:

  • At a court appearance following an accident or traffic citation
  • When registering a vehicle

Penalty for failure to comply with Indiana’s Financial Responsibility requirements:

Failure to maintain proper insurance could lead to the suspension of your driver’s license for at least ninety (90) days (one (1) year for repeat violators within a three (3) year period). In order to obtain a reinstatement of your license, you may have to pay a reinstatement fee of $150, $225, or $300 depending on whether it is a first, second, third or subsequent offense, and provide current proof of insurance signed by an agent or representative of the insurance company.

Certificate of Financial Responsibility (SR-22):

An SR-22 is a certification of future proof of Financial Responsibility issued by your insurance company to the Indiana Bureau of Motor Vehicles (BMV) providing proof that you purchased liability insurance.

When a motorist’s operator license is suspended upon conviction of a major offense, that driver must submit proof of insurance to the BMV before being reinstated. This filing provides that the driver has an auto liability policy in effect that cannot be canceled without prior notice.

If you are required to maintain a certificate of Financial Responsibility, your insurance company is required to provide the BMV with at least ten (10) days advance notice before termination. Insurance King will only issue an Indiana SR-22 to Indiana residents.

Other helpful things to know about Indiana Financial Responsibility laws:

Certificate of Compliance (SR-21)

An SR-21 or a Certificate of Compliance is a form that must be filed by your auto liability insurance agent after an accident or following a traffic violation. Filing this form certifies you met the Financial Responsibility requirements at the time of the accident or violation. The most common proof of Financial Responsibility is your automobile liability insurance policy. This form is required by the Indiana Bureau of Motor Vehicles.

Link to Indiana Bureau of Motor Vehicles

http://www.in.gov/bmv

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SR-22

An SR-22 is a filing on a person's drivers license number that the Secretary of State monitors through an insurance policy. Failure to pay the insurance by the due date will suspend the person's license that had an SR-22 filed.



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