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Insurance Requirements

Dealers with 2 or more locations must upload and update their insurance information online via the dealer portal, unless submitting an initial license application deficiency.

An Application for a license issued by the Indiana Secretary of State, Auto Dealer Services Division must be accompanied by evidence of liability insurance covering the established place of business.  In lieu of liability insurance, a person may provide evidence of membership in a risk retention group regulated by the Indiana Department of Insurance.

The policy must have limits of not less than the following:

  • One hundred thousand dollars ($100,000) for bodily injury to one (1) person.
  • Three hundred thousand dollars ($300,000) per accident  
  • Fifty thousand dollars ($50,000) for property damage.

Please see example Certificate of Liability Insurance

Please note:

  • A policy meeting the minimum limits must be maintained during the entire license period. When your policy is canceled or expires, you must submit a new policy as soon as possible. Your dealer license will be suspended during any lapse in coverage.