Indiana Insurance Requirements & Rates

Indiana requires minimum liability coverage of 25/50/25 (bodily injury per person / per accident / property damage). Indiana is an at-fault state, meaning the driver who caused the accident is responsible for paying damages. Uninsured motorist coverage is not required but recommended.

Indiana homeowners face risks from tornadoes, flooding, severe thunderstorms, hail. The flood risk level is moderate and earthquake risk is low. Standard deductibles apply. The average annual home insurance premium is $2,549.

Indiana requires riders under 18 to wear helmets. Lane splitting is not legal. Eye protection is required for all riders. The riding season is april–october.

Yes, workers' compensation insurance is required in Indiana. Sole proprietors and partners may opt out. Indiana has approximately 550,000 small businesses, with top industries including Manufacturing, Agriculture, Life Sciences.

Yes, Indiana has expanded Medicaid. The state uses the federal marketplace at healthcare.gov. The uninsured rate is 8.5%.

Yes, landlords in Indiana can require tenants to carry renters insurance as a condition of the lease. About 31% of Indiana residents are renters, with average monthly rent of $925.

Indiana has an uninsured motorist rate of 15.8%, which is above the national average. Factors include severe weather corridor with frequent tornadoes and hailstorms. Although uninsured motorist coverage is not required, it is strongly recommended.

With a median household income of $61,944, most Indiana families should consider 10-12x their annual income in life insurance coverage. Currently, 50% of Indiana households have life insurance.