Indiana car insurance laws

Indiana’s car insurance laws, as in many other states, require that all drivers who are registered in Indiana have a minimum amount in car insurance.

These limits are mandatory and you can be penalized if you don’t have the minimum car insurance. Insurance protects you against financial ruin in the event that you are involved in a serious accident.

To find the best car insurance policy , you need to understand the requirements of the state and what makes sense given your financial situation and your tolerance for risks while driving.

Indiana has laws regarding car insurance

In Indiana, the minimum car insurance you need is 25/50/25. These numbers are your liability coverage. In this instance, liability refers to an event for which you are financially liable. Here is a breakdown of your liability coverage:

  • $25,000 bodily Injury Liability: Your insurance will cover up to $25,000 for injuries suffered by another driver or their passengers in an accident you caused.
  • $50,000 total bodily Injury liability: Your insurer will pay upto $50,000 for injuries sustained in an accident in which you were at fault.
  • $25,000 property damage: Your insurance will cover up to $25,000 for any damages you cause in an at-fault collision, whether to another driver’s vehicle or an object like a fence or light pole.

Missouri auto insurance may also include uninsured/underinsured (UM/UIM) coverage unless the policyholder rejects this type of coverage in writing.

Indiana car insurance is more affordable than other states. The average price for a minimum liability policy is $354, which $209 less than the $563 national average. The national average is $1,738 for a full coverage policy with collision and comprehensive.

Indiana has liability insurance

Indiana insurance laws were created to protect passengers and other drivers in case of an accident. However, minimum coverage is not likely.

For example, consider an accident that you cause when running a red light and hitting someone waiting in the intersection to turn left. The $25,000 maximum coverage will be withdrawn quickly if the passenger or driver is seriously injured. This includes if extensive rehabilitation or surgery are required.

Consider the consequences if your car is totaled by another driver in an accident. The average price of a new car in America is more expensive than $40,000. If you have a new car, you will need to pay more than $25,000.

Is Indiana a no-fault state?

Indiana is not among the 12 no-fault states. You can file a claim with the insurer you choose, regardless of fault. However, claims cannot be filed in court in a state that is no-fault.

Indiana is not a state that accepts no-fault states. You have three options if you are involved in an accident you did not cause:

  • You can file a claim with the insurer you own, which will file a Subrogation claim against other driver’s insurance.
  • You can file a Third-Party Claim against the insurer of another driver.
  • You can sue the other driver for damages and your pain and suffering.

Driving without insurance in Indiana can result in severe penalties

Indiana is very serious about their insurance laws. There are severe penalties for those who do not have insurance. Every time you drive, you should have proof of your insurance. You could face the following penalties if you fail to present your insurance proof when you are stopped by a police officer:

  • Your license will be suspended for 90-days if it is your first offense. You will also be required to have an SR-22 certificate for three consecutive years.
  • A second offense will result in a $500 reinstatement charge and a one-year suspension of your license. You also have to keep an SR-22 certificate for three consecutive years.
  • You will be assessed a $1,000 reinstatement fee and your license suspension for one-year.

Indiana offers additional auto insurance options

To further protect yourself, you can also purchase optional car insurance in Indiana. These are some of the most sought-after:

  • Collision coverage: You need collision to have vehicle insurance in case of an accident. The deductible is usually between $250 and $2,000
  • Comprehensive: Comprehensive covers damage to your vehicle from non-accident-related mishaps.
  • Uninsured/underinsured motorist coverage: 16.7% of Indiana’s drivers are on the road illegally, without insurance. This coverage covers injuries and damage to your vehicle if you are involved in an accident with one. If you are the victim in an accident with a hit-and run driver, this coverage kicks in.
  • Gap coverage This coverage option will cover the difference between the amount you owe the car and the price of the car.
  • Towing cost and labor: This is useful in case of an emergency. This will pay for towing, tire change, jump start, and other minor repairs.
  • Coverage for your sound system: You will be refunded if your system is stolen or damaged in an accident.

Questions frequently asked

Which Indiana car insurance company is best?

In Indiana, there are many insurers that offer good policies. You might choose any of these companies. There are many companies that offer great pricing and excellent customer service, including Geico, Indiana Farm Bureau and Erie. Bankrate’s Best Car Insurance In Indiana 2021 listing is a good place to begin your search.

Which is the best car insurance policy in Indiana?

There is no one company that is always the most affordable for everyone. Your premium cost will be determined by many factors such as your age, car model, credit score, and other factors. For information about the most affordable insurers in Indiana, we recommend you begin your search by looking at our Cheapest Auto Insurance in Indiana 2021.

Are Indiana’s auto insurance requirements sufficient to cover me in case of an accident?

The minimum Indiana car insurance you should have is the Indiana minimum. You should consider buying more insurance, such 100/300/50, if you have the means. This will ensure that you are covered in case of serious injury or property damage.