Indiana's bodily injury liability requirements of $25,000 per person and $50,000 per accident are on par with many other states, but the property damage liability coverage of only $10,000 is pretty low if you want to protect your savings and other assets from lawsuits. Consider raising your liability limits.
Uninsured motorist bodily injury, uninsured motorist property damage and underinsured motorist all must be offered to motorists in the Hoosier State, but these coverages can be rejected in writing.
Cancellation and nonrenewal restrictions: Your Indiana auto insurance company may cancel a new policy within the first 60 days for any reason. After 60 days, your insurer may only cancel for certain approved reasons, such as nonpayment of premium or losing your driving privileges. If your auto insurer is not going to renew your policy, it must give you 20 days' advance notice.
SR-21, SR-22 & SR-50: Indiana uses many forms to have drivers show proof of insurance.
- The SR-21 must be filed by your auto insurer with the Bureau of Motor Vehicles (BMV) after an accident or traffic ticket to certify that you had an auto insurance liability policy in place at the time of the incident.
- The SR-22 confirms proof of future financial responsibility for drivers who've been convicted of certain offenses. An SR-22 must be filed with the BMV for three years.
- The SR-50 is an affidavit of current insurance and provides the BMV with the beginning and ending dates of your current policy.
Points: Points on your driving record stay active for a two-year period (from the conviction date) in Indiana. While after this time period the points are inactive, the offense remains on your record, which means your insurer can continue to rate on it.
Repeat offenders: If the BMV finds you have committed repeat traffic violations over a 10-year-period it will classify you as a habitual traffic violator. The habitual traffic violator law allows the BMV to suspend the license of a repeat offender for five years, 10 years or life.