Rachel Bodine graduated from college with a BA in English. She has since worked as a Feature Writer in the insurance industry and gained a deep knowledge of state and countrywide insurance laws and rates. Her research and writing focus on helping readers understand their insurance coverage and how to find savings. Her expert advice on insurance has been featured on sites like PhotoEnforced, All...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insurance...

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Reviewed by Leslie Kasperowicz
Former Farmers Insurance CSR

UPDATED: Oct 30, 2020

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Indiana state flagThough it’s not necessarily the largest state by land mass, Indiana still boasts a population that will trump most states. Located at such an exclusive area in the United States, between the Appalachian Mountains and the Great Lakes, it’s no wonder that Indiana has a whopping 6,483,802 residents. One of Indiana’s most well-known features is the Indianapolis Motor Speedway, located in the state’s heart and capital of Indianapolis. When a state has this much interest and involvement in the development and use of motor vehicles it’s only logical that it also has the necessary auto insurance guidelines to keep the racers, as well as citizens, covered in case of an accident – and it does.

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Indiana Auto Insurance Laws And Requirements

In Indiana, the state liability coverage minimums are:

  • Bodily Injury Liability Coverage – $25,000 per person
  • Bodily Injury Liability Coverage – $50,000 per accident
  • Property Damage Liability Coverage – $25,000 per accident

Take a look at how Indiana’s minimum rates compare with surrounding states.

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Optional coverage options in Indiana include:

  • Comprehensive Coverage
  • Collision Coverage
  • Rental Reimbursement Coverage
  • Loan/Lease Gap Coverage
  • Emergency Roadside Assistance Coverage
  • Uninsured/Underinsured Motorist Bodily Injury
  • Uninsured Motorist Property Damage
  • Custom Parts and Equipment Coverage

Finding the right auto insurance plan is like buying a house. Everything has to be exactly the way you want it or it just won’t seem “right.” When purchasing insurance in Indiana, or in any state for that matter, it’s always important to do some research on the insurance providers. Though all providers have to go through the state Department of Insurance before they can sell their services, there is still a chance that you’re not getting exactly what you want. Below are some guidelines to help you with your purchase of auto insurance in the state of Indiana.

For every state, it’s required that there be a minimum insurance requirement for certain coverage in your insurance policy, and Indiana is no exception. Usually, there are two to three areas of liability in which all states require minimum coverage. The state of Indiana requires all motorists to have minimum coverage for bodily injury and property damage. In addition to this, the state also requires there be a minimum coverage of $50,000 per individual accident.

The first type of liability coverage, bodily injury liability, covers the driver and insured peoples in the vehicle for any medical expenses needed as a result of the accident. In the state of Indiana, the minimum requirement per person is $25,000. That means if you have a family of four, it’s advised that you have a minimum coverage of $100,000 for bodily injury. Now just because you only need to cover for at least $25,000 per person does not mean that it is recommended that you only get $25,000 worth of coverage. Depending on your financial situation and medical history, you should always talk to your auto insurance provider as well as a medical provider about what works best for you.

Secondly, there is property damage liability. Property damage covers the vehicle itself and all the damages claimed by the driver at the time of the accident. In Indiana, the minimum requirement for this liability is $10,000. Once again, it is not recommended that you only get enough to meet the minimum requirement, but that may be necessary if your budget does not allow for any more. For example, if you have an expensive sports car, you should probably buy coverage for more property damage than if you were to have an old sedan.

High-Risk Auto Insurance in Indiana

If you are deemed to be a high-risk driver by the Indiana BMV, you might be required to file either an SR-50 form or an SR-22 form. Both of these documents are used to verify that you have adequate insurance coverage. These documents, which need to be signed or stamped by your insurer and submitted to the BMV, validate that you are financially responsible enough to be driving on Indiana’s roads. Incidents that could lead to you needing to prove financial responsibility include driving without insurance or driving under the influence (DUI).

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Indiana Auto Insurance Premiums

Throughout the United States, the premiums for auto insurance varies greatly, and states often times have insurance rates that cost more or less than the national average rate. Fortunately, Indiana’s average auto insurance rate is $942.39 compared to the national average of $1,439.14.

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This rate changes drastically when you go from the outskirts of rural Indiana to the inner city area, however. In the main city and capital of Indianapolis, the average insurance premium is $1,331.37, which is still less than the national average.

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Obviously, this rate is much more than the rural rate to account for the higher possibility of auto accidents due to the higher density of people and vehicles.

There are a lot of factors that auto insurance companies take into consideration when determining your rates. Take a look at our overview here.

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While many of these factors are simply based on your own driving record, two things that affect even the safest of drivers are age and gender. As with most states, males typically pay higher auto insurance rates than females.

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Indiana Auto Insurance Rates by Company

Though the state boasts very cheap auto insurance rates overall, let’s take a look at how rates vary between some of the largest companies.

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But which companies are the largest, holding the most market share percentage in the region?

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Driving Statistics In Indiana

Luckily, the numbers of accidents that occur in Indiana have decreased since 2008. Since 2008, there has been a 7.7% decrease in auto accidents, with 189,676 in 2009. The number of fatal accidents has also decreased substantially, with 631 in 2009. Interestingly enough, more fatal accidents occurred in the rural areas of Indiana, even though it would be more likely that they occur in the metropolitan city of Indianapolis. A total of 68.1% of the fatal accidents in the state of Indiana happened in rural areas, probably as a result of reckless driving on small interstate roads.

Whether you live in a busy city or on a small farm, it is important that you are insured. Here at 4AutoInsuranceQuote.com, we greatly value your privacy. This is why, compared to many other companies, we would never ask for your social security number when calculating an insurance quote. To easily begin your quest to find the best possible auto insurance quotes, simply enter your zip code at the top of this page to start a quick and easy quoting process.

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Auto Insurance Agents In Indiana

Indiana Auto Insurance Agents

Indiana Automobile Insurance Resources