Indiana High Risk Auto Insurance
Some of the companies available to cover drivers who have poor driving records and are considered high risk include Safeco Insurance, esurance, Progressive, Geico, and insweb.
Be Aware of Special Indiana Coverage Requirements
Indiana is slightly different from other states in how it handles financial responsibility/insurance requirements. A person must file a bond of self insurance and place $40,000 on deposit with the state, or carry the following minimum insurance: $25,000/$50,000 personal injury and $10,000 property damage coverage.
Indiana is a Tort State Meaning Someone is at Fault
Indiana is a tort state, meaning that someone will be found at fault and held responsible for the accident. The person found responsible must pay all of the expenses incurred by other drivers in an accident, including those above the insurance coverage.
A conviction of a moving violation or fault in an accident requires demonstration of financial responsibility with insurance coverage or cash bond or have your driver's license suspended. Fines and fees start at $150 for a first offense, $225 for a second, and $300 on subsequent occurrences. Driver's license suspensions start at 90 days and increase with subsequent offenses. Two violations within three years constitutes a loss of license for one year.
Understand Your Compliance Obligations
After an accident, the Bureau of Motor Vehicles (BMV) sends a certificate of compliance if the insurance company does not send information to the state police. This is required in order to prove financial responsibility.
You can acquire Underinsured/Uninsured Motorist Bodily Injury insurance to cover any bodily injury due to an underinsured or uninsured driver. However, Indiana does not require drivers to purchase this coverage.
Understanding your rights and necessary coverages can help you shop for better rates on high risk auto insurance. Do your research today to understand what obligations you face when driving in Indiana.