Indiana Auto Insurance

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Indiana state flagThough it’s not necessarily the largest state by land mass, Indiana still boasts a population that will trump most states. Located at such an exclusive area in the United States, between the Appalachian Mountains and the Great Lakes, it’s no wonder that Indiana has a whopping 6,483,802 residents. One of Indiana’s most well-known features is the Indianapolis Motor Speedway, located in the state’s heart and capital of Indianapolis. When a state has this much interest and involvement in the development and use of motor vehicles it’s only logical that it also has the necessary auto insurance guidelines to keep the racers, as well as citizens, covered in case of an accident – and it does.

Indiana Car Insurance Laws And Requirements

Indiana-Minimum-Insurance-Requirements

Finding the right auto insurance plan is like buying a house. Everything has to be exactly the way you want it or it just won’t seem “right.” When purchasing insurance in Indiana, or in any state for that matter, it’s always important to do some research on the insurance providers. Though all providers have to go through the state Department of Insurance before they can sell their services, there is still a chance that you’re not getting exactly what you want. Below are some guidelines to help you with your purchase of auto insurance in the state of Indiana.Indiana map

For every state it’s required that there be a minimum insurance requirement for certain coverage in your insurance policy, and Indiana is no exception. Usually there are two to three areas of liability in which all states require minimum coverage. The state of Indiana requires all motorists to have minimum coverage for bodily injury and property damage. In addition to this, the state also requires there be a minimum coverage of $50,000 per individual accident.

The first type of liability coverage, bodily injury liability, covers the driver and insured peoples in the vehicle for any medical expenses needed as a result of the accident. In the state of Indiana, the minimum requirement per person is $25,000. That means if you have a family of four, it’s advised that you have a minimum coverage of $100,000 for bodily injury. Now just because you only need to cover for at least $25,000 per person does not mean that it is recommended that you only get $25,000 worth of coverage. Depending on your financial situation and medical history, you should always talk to your auto insurance provider as well as medical provider about what works best for you.

Secondly, there is property damage liability. Property damage covers the vehicle itself and all the damages claimed by the driver at the time of the accident. In Indiana, the minimum requirement for this liability is $10,000. Once again, it is not recommended that you only get enough to meet the minimum requirement, but that may be necessary if your budget does not allow for any more. For example, if you have an expensive sports car, you should probably buy cover for more property damage than if you were to have an old sedan.

Indiana Car Insurance Premiums

Throughout the United States, the premiums for car insurance varies greatly, and states often times have insurance rates that cost more or less than the national average rate. Fortunately, Indiana’s average car insurance rate is $942.39 compared to the national average of $1,439.14. This rate changes drastically when you go from the outskirts of rural Indiana to the inner city area, however. In the main city and capitol of Indianapolis, the average insurance premium is $1,331.37, which is still less than the national average. Obviously this rate is much more than the rural rate to account for the higher possibility of auto accidents due to the higher density of people and vehicles.

Driving Statistics In Indiana

Luckily, the numbers of accidents that occur in Indiana have decreased since 2008. Since 2008, there has been a 7.7% decrease in auto accidents, with 189,676 in 2009. The number of fatal accidents has also decreased substantially, with 631 in 2009. Interestingly enough, more fatal accidents occurred in the rural areas of Indiana, even though it would be more likely that they occur in the metropolitan city of Indianapolis. A total of 68.1% of the fatal accidents in the state of Indiana happened in rural areas, probably as a result of reckless driving on small interstate roads.

Whether you live in the busy city or on a small farm, it is important that you are insured. Here at 4AutoInsuranceQuote.com, we greatly value your privacy. This is why, compared to many other companies, we would never ask for your social security number when calculating an insurance quote. To easily begin your quest to find the best possible auto insurance quotes, simply enter your zip code at the top of this page to start a quick and easy quoting process.

Auto Insurance Agents In Indiana

Indiana Automobile Insurance Resources

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