One out of six drivers in Indiana is uninsured, the study said. Our dedicated attorneys can offer guidance about your legal options. Commercial Auto Insurance —If you use your car to perform tasks such as working as a pizza delivery driver or a ridesharing driver in Indianapolis for which you are compensated, then having a commercial auto insurance policy is essential. Medical Payments Coverage —Med-pay insurance covers medical bills for you and your passengers as they are incurred after a car accident, up to the limits of the policy, regardless of who was at fault in the accident.
It is helpful insurance to have and may give you another option for dealing with medical bills after a serious accident.
Collision Coverage —If you took out a loan to purchase your car, the lender will typically require that you carry a collision insurance policy to cover the full value of the vehicle. A collision policy will pay for repairs to your car if you cause a crash and your vehicle is damaged. A collision policy usually has a deductible that you pay out of pocket before the insurance pays.
If you drive an old beater and are not required by a lender to have collision coverage, you may prefer to limit your insurance to liability coverage and save some money on collision coverage. But if you drive an expensive car and the prospect of paying out of pocket to replace it sounds daunting, then having collision insurance may provide you some peace of mind.
Comprehensive Coverage —This policy pays for damages to your vehicle caused by windstorms, fire, theft, and incidents other than collisions. Instead, these insurance companies are driven only by profits. They take advantage of people when they can least afford it, which is why we recommend being precautious when approaching them after any type of accident. Find an agent. Back to state requirements. The following is a breakdown of minimum liability requirements for Indiana: Is it mandatory to have car insurance in Indiana?
Yes What are the minimum limits for Indiana? Here are some of the parameters of our insurance coverage in Indiana: What is the maximum bodily injury liability and property damage limit Dairyland offers in Indiana? Can a customer reject them? What are all the coverages Dairyland offers in Indiana? Named Non-Owner Is an insurance score used in my rating in Indiana? If so, is it mandatory? What policy terms does Dairyland offer in Indiana?
If so, is there a fee assessed by Dairyland? Is it filed electronically? SR22s are used, filed electronically with no fees. What discounts are available from Dairyland in Indiana? Get your quote. Retrieve Your Quote. In some states, the information on this website may be considered a lawyer referral service.
Please reference the Terms of Use and the Supplemental Terms for specific information related to your state. Grow Your Legal Practice. Meet the Editors. Indiana Car Insurance Laws. Here's what Indiana drivers need to know about the state's car insurance rules, including Indiana's minimum liability coverage requirements. Indiana is a "Fault" Car Accident State Indiana follows a traditional "fault"-based system when it comes to financial responsibility for losses stemming from a car accident: injuries, lost income, vehicle damage, and other " damages ".
In Indiana, a person who suffers any kind of injury or damage due to an auto accident usually can proceed in one of three ways: by filing a claim with his or her own insurance company, assuming that the loss is covered under the policy in this situation, the injured person's insurance company will likely turn around and pursue a subrogation claim against the at-fault driver's carrier by filing a third-party claim directly with the at-fault driver's insurance carrier, or by filing a personal injury lawsuit in civil court against the at-fault driver.
Request for Financial Responsibility Verification in Indiana According to the Indiana Bureau of Motor Vehicles , if you're involved in any of the following driving-related incidents, you can expect to receive a request for verification of financial responsibility at your mailing address: a car accident for which a report is filed with the BMV multiple "pointable" moving violations within a certain time, or any "pointable" violation after your driving privileges were previously suspended, or a misdemeanor or felony traffic violation.
If you receive this kind of request, you'll need to make sure your insurance provider files a "Certificate of Compliance" with the BMV. Penalties for Violating Indiana's Motor Vehicle Financial Responsibility Laws For a first violation of Indiana's motor vehicle financial responsibility laws, the punishment is usually suspension of driving privileges, and the driver may need to carry a special kind of insurance SR22 insurance going forward. Legal Information.
Personal Injury Law. Insurance companies must follow certain guidelines to cancel or non-renew an insurance policy in Indiana. Insurance companies may cancel your policy within the first 60 days of a new policy. After your policy is in effect 60 days, the company cannot cancel except for certain reasons, such as your failure to pay the premium or losing your license to drive.
At the end of the policy period, the company may refuse to renew your policy, but they must give you 20 days advance notice. Minimum liability limits are:. The uninsured and underinsured motorists coverage allows you to collect these damages from your own insurance company. 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 your financial responsibility. This form is required by the Indiana Bureau of Motor Vehicles. It will not reach the BMV, and you could end up losing your driving privileges for failure to file it.
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