Proof of Financial Responsibility & Penalties
Under Indiana law, you are required to provide documentary proof of Financial Responsibility in the following circumstances:
- At a court appearance following an accident or traffic citation
- When registering a vehicle
Penalty for Failure to Comply with Indiana's Financial Responsibility Requirements:
Failure to maintain proper insurance could lead to the suspension of your driver's license for at least ninety (90) days - one (1) year for repeat violators within a three (3) year period. To obtain a reinstatement of your license, you may have to pay a reinstatement fee of $150, $225, or $300 depending on whether it is a first, second, third or subsequent offense, and provide current proof of insurance signed by an agent or representative of the insurance company.
Certificate of Financial Responsibility (SR-22):
An SR-22 is a certificate of insurance or Financial Responsibility issued by your insurance company to the Indiana Bureau of Motor Vehicles (BMV) providing proof that you purchased liability insurance.
When a motorist's operator license is suspended upon conviction of a major offense, that driver must submit proof of insurance to the BMV before being reinstated. This filing provides that the driver has an auto liability policy in effect that cannot be canceled without prior notice.
If you are required to maintain a certificate of Financial Responsibility, your insurance company is required to provide the BMV with at least ten (10) days advance notice before termination. SafeAuto will only issue an Indiana SR-22 to Indiana residents.
Certificate of Compliance (SR-21):
An SR-21 or 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 you met the Financial Responsibility requirements at the time of the accident or violation. The most common proof of Financial Responsibility is your automobile liability insurance policy. This form is required by the Indiana Bureau of Motor Vehicles.
Looking For Indiana Auto Insurance?
You can get a free car insurance quote online or by calling a dedicated SafeAuto customer service representative at 1-800-SAFEAUTO. Customer service is available 24/7 to assist you with your quote or answer any insurance questions you may have.
SafeAuto offers affordable Indiana car insurance throughout the entire Hoosier state! If you are looking for more car insurance information in a specific city across the state of Indiana, more material can be found below.
Related Indiana Insurance Requirement Information:
Indiana Bureau of Motor Vehicles
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