Indiana auto insurance

The world's best guide to Indiana auto insurance.

6/1/20234 min read

indiana auto insurance
indiana auto insurance

The Worlds Best Guide to Auto Insurance in Indiana

Indiana, the Hoosier State, has a unique set of rules and regulations governing auto insurance. In this guide, we aim to offer you the most comprehensive information about understanding and procuring auto insurance in Indiana.

Understanding Indiana's Auto Insurance Requirements

Every state in the United States has specific requirements for auto insurance, and Indiana is no different. The Indiana Bureau of Motor Vehicles (BMV) outlines that drivers must possess minimum liability insurance to cover any accidents or damage they may cause.

According to the Indiana Code 9-25-4-5, the minimum coverage requirements include:

  • $25,000 for bodily injury per person

  • $50,000 for bodily injury per accident

  • $25,000 for property damage per accident

This mandatory insurance is often referred to as 25/50/25 coverage.

Navigating the Uninsured and Underinsured Motorist Coverage

According to data from the Insurance Information Institute, roughly 13% of Indiana drivers are uninsured. Therefore, it's recommended to consider adding uninsured/underinsured motorist coverage to your policy. This coverage helps safeguard against drivers who do not carry insurance or have insufficient coverage.

Comprehensive and Collision Coverage

Besides the state-required minimum, there are additional types of coverage you might consider, namely comprehensive and collision coverage.

Comprehensive coverage protects against non-collision incidents such as fire, theft, vandalism, or damage caused by natural disasters. Collision coverage comes into play if your vehicle is damaged in an accident, regardless of who is at fault. Indiana law does not require these coverages, but if you have an auto loan or lease, your lender may require them.

Discounts on Auto Insurance in Indiana

Various factors can influence your auto insurance rates, including your driving record, vehicle type, and even your credit score. However, several discounts are available for Indiana drivers. Some insurance providers offer discounts for safe driving, multi-car policies, and anti-theft devices.

Also, according to the Indiana Department of Insurance, young drivers in the state may be eligible for discounts if they complete an approved driver education program.

How to Find the Best Auto Insurance in Indiana

Shopping around and comparing rates is one of the best ways to ensure you're getting the most competitive auto insurance rates in Indiana. Take the time to get quotes from different providers and consider the reputation, customer service, and financial strength of each company before making a decision.

The Impact of Indiana’s Auto Insurance Laws on You

Indiana's auto insurance laws have been designed to protect you and the other drivers on the road. By understanding these laws and ensuring you have the proper coverage, you can drive confidently, knowing you're both legal and protected.

Indiana auto insurance FAQ

1. What Are the Minimum Auto Insurance Requirements in Indiana?

The state of Indiana mandates all drivers to carry a minimum liability insurance of $25,000 for bodily injury per person, $50,000 for bodily injury per accident, and $25,000 for property damage per accident.

2. What Is Uninsured/Underinsured Motorist Coverage?

Uninsured/underinsured motorist coverage is optional insurance that covers costs incurred in an accident with a driver who either doesn't have auto insurance or doesn't have sufficient coverage to pay for the damage caused.

3. What Is Comprehensive Coverage?

Comprehensive coverage is an optional add-on that covers non-collision-related incidents such as fire, theft, vandalism, and damage caused by natural disasters.

4. What Is Collision Coverage?

Collision coverage is optional insurance that covers damage to your vehicle caused by an accident, regardless of who is at fault.

5. Are Comprehensive and Collision Coverage Required in Indiana?

No, comprehensive and collision coverage are not required by Indiana law. However, lenders or lessors may require these coverages if you have an auto loan or lease.

6. Are There Discounts Available on Auto Insurance in Indiana?

Yes, various discounts are available in Indiana, such as safe driving discounts, multi-car policy discounts, and discounts for installing anti-theft devices in your vehicle.

7. How Do I Find the Best Auto Insurance in Indiana?

The best way to find suitable auto insurance is by comparing rates from different providers. Additionally, consider factors such as the insurer's reputation, customer service, and financial strength.

8. Does Indiana Have a Mandatory Insurance Law?

Yes, Indiana law requires all drivers to carry a minimum amount of liability insurance.

9. What Happens If I Drive Without Insurance in Indiana?

Driving without insurance in Indiana is illegal and can result in penalties including fines, license suspension, and vehicle impoundment.

10. What Is the Average Cost of Auto Insurance in Indiana?

The cost of auto insurance in Indiana varies widely depending on factors like driving record, vehicle type, and coverage options. For accurate pricing, it's best to get a quote from multiple insurance providers.

11. Can I Get Auto Insurance if I Have a Poor Driving Record?

Yes, but having a poor driving record may result in higher premiums. Some insurers specialize in high-risk insurance for drivers with less-than-perfect records.

12. Do I Need Auto Insurance if I Don't Own a Car?

If you frequently drive a borrowed vehicle or rent cars, you may need to consider non-owner auto insurance to provide coverage in case of an accident.

13. How Often Should I Review My Auto Insurance Policy?

Reviewing your auto insurance policy at least once a year or when significant life changes occur, such as buying a new car, moving, or adding a driver to your policy is recommended.

14. What Should I Do If I'm Involved in an Auto Accident in Indiana?

First, ensure everyone's safety, then notify law enforcement. Exchange information with the other party involved, document the scene and inform your insurance company as soon as possible.

15. Does My Auto Insurance Cover a Rental Car?

Most auto insurance policies extend your coverage to rental cars, but it's best to check with your insurance provider to be certain.

16. Do I Need Auto Insurance If My Car Is Stored and Not Driven?

Even if your car is not driven, it may still require some level of insurance for protection against things like theft or damage. Check with your insurer for specifics.