Before finalizing a deal with any insurance company, you will need to get an Indiana car insurance quote that can provide an estimate of how much money you will need to spend on insurance premiums. It is important to browse through different websites that can provide clear-cut insurance comparisons that can help you get the best insurance deals.
After all as a Hoosier, you cannot drive across Indiana’s wide roads and fast-paced highways without enough protection against untold accidents that might happen. Get your quote by entering your zip code above. You can also learn more about coverage requirements and laws in Indiana by reading below.
Minimum Auto Insurance Requirements In Indiana
Indiana has very standard requirements when it comes to auto insurance coverage. The state, like many others, operates under what is known as 25/50/10 liability coverage.
In simple terms this means you must have at least the following amount of liability insurance:
- $25,000 worth of bodily injury liability coverage for single motorists per accident;
- $50,000 worth of bodily injury liability coverage for multiple motorists per accident;
- $10,000 worth of coverage for property damage per accident.
In addition to this, you also need uninsured (UM) and underinsured (UIM) motorist coverage. All policies sold in the state must include this by default. However you can opt-out, if you do so in writing. This is highly discouraged as it is an all round bad idea.
The minimums for uninsured motorist coverage are exactly the same as those for liability insurance and you must purchase both bodily injury coverage and property damage coverage. Whereas for underinsured motorist coverage you only need the bodily injury portion. Thus your minimums are as follows:
- $25,000 bodily injury uninsured motorist coverage per person;
- $50,000 bodily injury uninsured motorist coverage per accident;
- $10,000 property damage uninsured motorist coverage per accident;
- $50,000 bodily injury underinsured motorist coverage per accident.
You do not need to buy personal injury protection (PIP) coverage. And, keep in mind that all the number listed above are minimums only!
You are strongly recommended to get much more coverage, as legal settlements have been know to go above a million dollars in certain rare cases. Remember, Indiana is an at fault state, which means whoever is found to have caused the accident will be held responsible for paying the costs. Thus, your $50,000 worth of liability coverage may only be a drop in the ocean if you are found at fault in a major accident.
Indiana State Auto Insurance Laws
The various auto insurance laws of Indiana can be found on the Indiana Bureau of Motor Vehicles (BMW) website and/or the Indiana Department of Insurance website. As briefly mentioned above, the most important thing to know about Indiana car insurance law is that it operates under the tort system. This means someone is always found to be at fault in an accident. They are in turn the ones who will have to pay.
In addition to this you a required by state law to always have proof of insurance available. Generally speaking you will only be asked to provide this if you get in an accident or requested to do so by a law enforcement officer. However, under certain other circumstances the BMV may request you provide proof of insurance. These can include (but are not limited to): receiving a traffic ticket within one year of receiving two other traffic tickets, getting in a serious traffic violation such as a misdemeanor or felony, and/or getting in a traffic violation by a driver who was previously suspended for failing to provide proof of financial responsibility.
Normally proof of insurance simply consists of submitting an SR-50 form, also known as an “Affidavit Of Current Insurance”. This is normally done by your auto insurance company or agent, but you should always check to make sure. After an accident your insurance company will have to provide an SR-21 form also know as an “Indiana Operator’s Proof Of Insurance Crash Report,” to the BMV.
Finally, in the event of major offenses including a DUI or the other ones listed above you will most likely have to file an SR-22 form also known as “Proof Of Future Financial Responsibility,” for the 3 years following from the original conviction. Be aware that this will have strong negative effect on your ability to find and purchase affordable auto insurance in Indiana in the future.
Indiana Car Insurance Companies
Indiana has it’s fair share of car insurance companies which can make picking one a difficult process. If you were to call each and everyone you would be on the phone for days getting quotes. You can of course use our website to get instant Indiana auto insurance quotes all for free.
These quotes come from some of the largest and most respected names in auto insurance. Better yet, you can get multiple quotes quickly and easily saving you time and money.
Nevertheless, some people prefer to deal with certain companies. The list of companies below are all members of the Insurance Information Institute, which in theory means they should be fiscally sound.
Still as with all insurance companies operating in Indiana you are strongly advised to check the Indiana Auto Insurance Company Complaint Index, created and maintained by the Indiana Department of Insurance before purchasing anything.
Kemper Corporation (formerly Unitrin)
If you ever have problems with your insurer that can’t be resolved through standard channels, you can get in contact with the Department of Insurance and begin the complaint process.
Average Indiana Auto Insurance Rates
Both the Insurance Information Institute (I.I.I.) and CarInsurance.com agree that Indiana is a low cost state when it comes to insuring your car. According to the I.I.I. it is the 10th cheapest state in the whole country where you can buy car insurance coverage. In 2008 the average Hoosier paid just $612 a year for car coverage, about $170 bellow the national average.
In terms of buying auto insurance online, CarInsurance.com reports that the average quoted price (not policies bought) for coverage was $947 per year, about 2/3rds the national average quoted rate for coverage. Thus, just by living in Indiana you’re well ahead of the game when it comes to getting you and your car insured.
Indiana Car Accident Statistics
One of the reasons why insurance is so relatively cheap in Indiana is the fact that it has a much lower traffic fatality rate compared to the US as a whole. In 2009 the National Highway Traffic Safety Administration (NHTSA) reported that there were 693 fatal traffic accidents. While, this is 693 too many, the rate per 100 million miles traveled is well below the US average – 0.90 compared to 1.14 US wide.
It also helps that the Hoosier state is below the national average when it comes to DUI caused traffic fatalities. 30% of fatal accidents in the state involved drunk drivers, compared to roughly 32% across the whole country. Given these facts it’s no wonder that insurers are willing to give deals.
Still, if you live in Marion County, Lake County or La Porte County you should take extra care as these are the three most dangerous counties in the state for drivers as reported by the NHTSA.
What To Look For In Your Indiana Car Insurance Quotes
Here are the most important things you need to remember when browsing for car insurance quotes.
Appropriate Insurance Coverage
Every city and state in the US requires residents to secure enough auto insurance coverage that can pay for the damages resulting from road accidents. Today, each state government, including Indiana imposes a minimum of coverage requirements for property damage and bodily injury (see above) to those who want to buy auto insurance. Any Indiana car insurance quote you get should provide at least this coverage amount.
Do not be afraid to look for Indiana car insurance quotes online. Most Hoosier insurance companies already have websites where visitors can freely get estimates for how much their insurance policies will cost. Instead of blindly renewing your policy and paying your existing premiums, dedicate some time to comparing Indiana car insurance quotes from multiple companies.
Honestly Answer All Insurance Questions
When you are looking for the cheapest car insurance, it is never an option to lie about your car and driving history to reduce the costs of your insurance policy. Avoid charges of insurance fraud by revealing the whole truth about your car’s condition, your own driving and credit history.
The same rule applies when it comes to comparing insurance quotes. If you want to get accurate results from your online quotes, you have to provide all the information that websites are asking for. Once you have provided them with accurate information, it will be easier for you to come up with a cheap yet instant Indiana auto insurance quote.
The next time you want to get an appropriate Indiana car insurance quote, always remember these things in order to get the best results from your research.