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Indiana Car Insurance

Written by Michele Wilmonen. Posted in Research Last Updated: 09/28/2014

Indiana car insurance bucks the norm of state required insurance coverage.

State Regulator Information 800-622-4461 www.in.gov/idoi
Insurance Premium Avg. Annual Premium: $ 1,202 National Average: $1,503
Mandatory Car Insurance Coverage Bodily Injury Liab.:$25k/50k
Property Damage Liab.: $10k
 UM/UIM: 25/50
Indiana Car Insurance

In Indiana some insurance is required, some can be waived, some is just optional.

Low property damage liability coverage, insurance coverages that are only partially required and required forms that you don’t fill out; these are just some of the things that make Indiana car insurance different. Indiana is a good example of how important it is to quickly learn the car insurance laws of any new state that you move to. Ignorantly thinking that the car insurance laws in one state are generally the same as in any other state will get you in trouble.

Liability Requirements for Indiana Car Insurance

The state of Indiana requires that you buy liability insurance with minimum limits of 25/50/10. The initial 25 represents the $25,000 that you must purchase in bodily injury liability coverage for the injuries that you cause to a single person.

The middle 50 is $50,000 of coverage in the second part of the required bodily injury liability coverage for Indiana car insurance. This half is larger because it is the most that your insurance company will pay out for all injuries in a car accident you cause, if there are multiple people that are injured.

At the end is the 10, which represents the measly $10,000 that Indiana requires you to carry in property damage liability coverage. Believe it or not, this is to cover the damages you cause to property that is not your own.

Trust me when I tell you that this is not enough coverage for most of the damage you can cause in a car accident. To be adequately protected talk to your insurance agent about the limits that would work best for your financial situation.

The Other Required, but not Required Indiana Car Insurance

In states around the country, more and more of them are starting to require that uninsured/underinsured motorist coverage be purchased. Indiana car insurance requirements have joined this move and also require that you purchase this coverage to protect yourself in the event of an accident.

The coverage can only be used if the driver at fault for the accident does not have any insurance, or is not found after an accident. It can also only be used for medical expenses.

Now, the not required part of this Indiana car insurance requirement. You can sign a waiver stating that you don’t want the coverage and then you don’t have to have it. How’s that for being a required car insurance coverage?

The SR-21 Form and Indiana Car Insurance

We have talked about SR-22 insurance quite a bit in the past, but Indiana’s SR-21 form is something different. First, it is an informational form that is submitted to the state, not something you have to purchase from your insurance company. Second, it is only needed by the state if you have been in a car accident where the damages exceed $1000, there has been an injury or someone has died.

The form is sent from your insurance company to the state to basically confirm that you had insurance coverage on the date the accident took place. Unless, your insurance company fails to do this you really won’t be involved in this process. It is good to know about this process though, in the event you get a letter from the state asking for the SR-21 form to be filed to prove that you have Indiana car insurance.

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Michele Wilmonen

Michele's first introduction to insurance was working for a major insurance company as a file clerk and a mailroom supervisor in a regional office. She learned insurance directly from underwriters and claims adjusters from questions and also watching them do their job. Since then, she's earned a number of insurance certifications from the Insurance Institute of America and also a Bachelor’s degree from the University of Idaho. She blogs at Car Insurance Guidebook.

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