Indiana Car Insurance
Car insurance in Indiana typically provides coverage for bodily injury liability and property damage liability. Bodily injury liability pays for injuries to other people that were caused with your vehicle, while property damage liability pays for damages to other people’s property that were caused with your vehicle. An auto insurance policy may also cover medical payments for you and your passengers if you’re injured in your vehicle, and comprehensive coverage will pay for damages to your car that were caused by other perils, such as natural disasters or theft. Most states require a minimum policy limit for automobile liability insurance. The following are the minimum required coverages in the state of Indiana:
Required Coverages in Indiana:
- Bodily Injury Liability Per Person: $25,000
- Bodily Injury Liability Per Accident: $50,000
- Property Damage Liability: $10,000
Indiana also requires a minimum coverage against bodily injury from uninsured motorists and underinsured motorists. Uninsured/underinsured motorists coverage provides reimbursement from your insurance company to make up the difference for what the responsible party cannot pay. If you do not have automobile insurance, you are subject to a fine or a license/registration suspension. If you cannot obtain auto insurance from the private market because you’re a high-risk driver, you may apply for the Indiana Auto Insurance Plan through any insurance agent in Indiana.
Determining Your Rate in Indiana
Your car insurance quote in Indiana is determined by a number of factors related to your risk of damages or accidents. Your age, sex, and marital status will affect your auto insurance rate. Your car use, including your commute, the frequency of use, the area you drive in, and where you live will be factored in to your auto insurance premium as well — highly populated areas tend to have more traffic, more crime, and more risk, and frequent use of a vehicle raises the likelihood of an accident. Your insurance company will also take into account the type of car you drive, your claims history, and your credit score. According to the Insurance Information Institute, the average expenditure for car insurance in Indiana was $620 in 2009.