As in most states, Indiana auto insurance laws require all registered drivers in the state to have a minimum amount of insurance.
These limits are not optional and there are penalties for not taking out at least the minimum amount insured. But an even more important reason for this is that insurance will protect you from financial disaster in the event of a major accident.
To find them best car insurance for your needs, understand what the state requires of you, what makes sense, considering your finances and your willingness to take risks along the way.
Automobile Insurance Laws in Indiana
Your minimum car insurance in Indiana is 25/50/25. These numbers relate to your liability insurance. Liability in this case refers to something for which you are financially responsible. Here is a breakdown of your liability insurance:
- $ 25,000 Personal Injury Liability: Your insurer will pay up to $ 25,000 for injuries sustained by the other driver or their passengers in an accident that you are determined to have caused.
- $ 50,000 Total Personal Injury Liability: If more than one person is injured in the other car, your insurer will pay a total of up to $ 50,000 for all injuries from a single accident that you are at fault.
- $ 25,000 property damage: Your insurer will pay up to $ 25,000 for any damage you cause in a culpable accident to either the other driver’s car or an object such as a fence or light pole.
Missouri auto insurance may also include uninsured / underinsured (UM / UIM) coverage unless the policyholder declines this type of coverage in writing.
Auto insurance in Indiana is cheap compared to other states. the Average cost Indiana minimum liability insurance is $ 354, which is $ 209 cheaper than the national average of $ 563. Comprehensive collision and fully comprehensive insurance costs an average of $ 1,281, compared to the national average of $ 1,738.
Liability Insurance in Indiana
Indiana insurance laws are primarily designed to protect the other driver and passengers in the event you cause an accident, but minimum coverage may not be sufficient.
For example, imagine an accident you cause when you go through a red light and meet someone at the intersection waiting to turn left. If the driver or a passenger was seriously injured, the $ 25,000 maximum coverage would be gone quickly, especially if surgery or extensive rehabilitation was required.
Or think about the consequences of killing the other driver’s car in the accident. The average cost of a new car in the US is more than $ 40,000. If the car you are assembling was bought new, you would have to pay out of pocket any amount greater than $ 25,000.
Is Indiana a Flawless State?
Indiana is not one of the 12 error-free states in the United States, some states have no-fault laws to minimize the number of car accidents brought to justice. In a no-fault condition, you file a claim with your own insurer, regardless of who is at fault, and there are restrictions on how to bring claims to court.
Because Indiana is not a healthy state, if you have an accident that you did not cause, you have three options:
- You can file an application with your own insurer who has a Assignment claim against the insurance of the other driver.
- You can make a claim against third parties yourself against the insurer of the other driver.
- You can take the other driver to court for damages as well as your pain and suffering.
Penalties for Driving Without Insurance in Indiana
Indiana takes its insurance laws seriously, and there are penalties for not having insurance. You should always have proof of insurance with you when you get behind the wheel. If you fail to show it to a police officer when you stop, you may face the following penalties:
- If it’s your first offense, your driver’s license will be suspended for 90 days and you must get one SR-22 certificate since three years.
- Your second violation will result in a $ 500 reinstatement fee and a one-year license suspension, as well as an obligation to carry an SR-22 certificate for three years.
- For your third or subsequent violation, you will be charged a $ 1,000 reinstatement fee, a one-year license suspension, and the SR-22 certificate requirement for five years.
Additional options for auto insurance coverage in Indiana
In addition to increasing your liability coverage, there are other optional types of auto insurance that you can get in Indiana to further cover yourself. The most popular include the following:
- Collision: To secure your vehicle after an accident, you need a collision. There is a deductible, which is usually between $ 250 and $ 2,000.
- Full: Fully comprehensive insurance pays damage to your car caused by breakdowns that are not caused by an accident.
- Uninsured / underinsured motorist insurance: 16.7% of Indiana drivers are illegal to travel without insurance. If you have an accident with either of them, this cover will pay for any injury or damage to your car. It also occurs if you are the victim of a hit and run driver.
- Gap coverage: This insurance option pays the difference between what you owe and the cost of the car.
- Towing and labor costs: This will help when you have a roadside emergency. It covers towing, changing tires, jump starting and other minor repairs.
- Sound system cover: This pays off if your sound system is damaged or stolen in an accident.
frequently asked Questions
What is the Best Auto Insurance in Indiana?
There are a number of insurers that write good policies in Indiana and any of them could be suitable for you. These companies include USAA, Geico, Indiana Farm Bureau, Erie, and Car Owners, all of which offer competitive pricing and great customer service. A good place to start your search is Bankrate’s Best auto insurance in Indiana 2021 Listing.
What is the cheapest auto insurance in Indiana?
There is no company that is always the cheapest for everyone. Many factors such as your age, the age and model of your car, your credit rating and more go into determining your premium costs. We recommend that you start your search with our listing Cheapest Auto Insurance in Indiana 2021 for information on which insurers are cheapest in the state.
Are Indiana auto insurance requirements enough to protect me in an accident?
Indiana Minimum Auto Insurance is just that – the minimum you should have with you. If you can afford it, consider purchasing additional insurance such as B. 100/300/50, so that you are covered in a serious accident with injuries and substantial property damage.