Indiana Code Title 24. Trade Regulation § 24-4-9-14

(1) The estimated cost of replacement parts that the rental company would have to pay to replace damaged vehicle parts, less all discounts and price reductions or adjustments that will be received by the rental company.

(2) The estimated cost of labor to replace damaged vehicle parts, which may not exceed the product of:

less all discounts and price reductions or adjustments that will be received by the rental company.

(3) The estimated cost of labor to repair damaged vehicle parts, which may not exceed the lesser of the following:

All discounts and price reductions or adjustments that will be received by the rental company must be taken into account in determining the figure under this subdivision.

(4) Except as otherwise provided for, the loss of the use of the rented vehicle, which may not exceed the product of:

(5) Actual charges for towing, storage, and impound fees paid by the rental company.

(1) the rental rate stated in the rental agreement for the particular vehicle rented, excluding all optional charges;  and

(2) eighty percent (80%) of the period from the date of the accident to the date the vehicle is ready to be returned to rental service.

(1) fifty dollars ($50) if the total estimated cost for parts and labor is less than five hundred dollars ($500);

(2) one hundred dollars ($100) if the total estimated cost for parts and labor is at least five hundred dollars ($500) and less than one thousand five hundred dollars ($1,500);  or

(3) one hundred fifty dollars ($150) if the total estimated cost for parts and labor is at least one thousand five hundred dollars ($1,500).