Cheap Indiana auto insurance quotes, companies, laws, minimum requirements. We help to find cheap auto insurance in Indiana.
Looking for cheap auto insurance in Indiana? You’ve found a great resource, as our free quote tool can provide the results that you’re looking for. We don’t believe that anyone should have to pay an exorbitant fee for their insurance, especially considering that everyone needs auto insurance. Our tool is easy to use, and on top of that, it’s populated with offers from some of the highest rated companies in the industry.
Indiana Auto Insurance Laws & Regulations
Indiana is a Torte state and there are no limits on lawsuits, and that should be heavily considered if you’re looking for cheap Indiana auto insurance. This law means that the individual who is at fault in an accident may be sued by those injured in the accident, or families of those killed in the accident, for pain, suffering, and lost wages. That individual will also be held responsible for all medical expenses connected to the accident. For this reason, insurance companies in Indiana recommend that their policy holders carry more than the minimum liability insurance required by the state.
A new law in the state of Indiana requires all insurance companies to issue uninsured and underinsured motorist insurance to all their policy holders. Uninsured and underinsured coverage provides protections against drivers who do not carry the mandatory liability auto insurance demanded by the state, and that should be considered when you’re looking for cheap auto insurance in Indiana. Underinsured and uninsured coverage is mandatory in the state of Indiana but policy holders may refuse the coverage. If you decide to forego this coverage, the insurance company is required to provide a signed declaration page stating that you chose not to take the underinsured and uninsured coverage.
If your policy lapses or cancels, you must pay the premium to reinstate the policy. If the policy is cancelled, then you must find a new auto insurance policy right away. Insurance companies have guidelines they must follow to cancel or refuse to renew a policy. Within the first 60 days of a brand new policy, the insurance company has the right to cancel your coverage. After that period of time, they cannot cancel your policy unless you fail to pay your premiums or lose your driver’s license, and payment shouldn’t be an issue considering the various companies that offer cheap auto insurance in Indiana.
Things to Know About Indiana Car Insurance Practices
If the company is going to refuse to renew your policy, they must by law give you 20 days’ notice. Indiana insurance agents can file your insurance coverage with the state via the computer. However, if an error occurs, you will not be notified via the internet.
Indiana insurance companies can use your credit history to accept applicants and set insurance rates, and that plays a huge part in determining who’ll get cheap Indiana auto insurance. They may also use your credit score to determine your risk factors. Other factors considered when determining rates are age, sex, car use, prior claims and deductibles, driving record, driver’s training, marriage status, where you live, policy limits and the type of car you drive. If you own a sports car or luxury car, the insurance will be higher on these vehicles. You may also want to take into consideration the cars that are the main targets of thieves. Below is a list of the top ten vehicles which are the victims of car theft in Indiana.
1. 1993 Oldsmobile Cutlass
2. 1997 Chevrolet Cavalier
3. 1997 Ford Taurus
4. 1995 Pontiac Grand Am
5. 1990 Buick LeSabre
6. 1989 Oldsmobile Delta 88
7. 1988 Chevrolet C/K 1500 Pickup (full size)
8. 1997 Ford F150
9. 1991 Chevrolet Caprice
10. 1991 Chevrolet Blazer
The average insurance premium for 2006 in Indiana is approximately $631.00 and the state is ranked as the 43rd most expensive for insurance premiums in the nation, meaning that there’s a good chance to obtain cheap auto insurance in the state.
Lowering Your Premium
Even if you have a car that has a higher likelihood of being stolen, there are still things that you may have in your corner if you’re on the hunt for cheap auto insurance in Indiana. One of the methods you can use to reduce the cost of your auto insurance premiums is to purchase more than one type of insurance policy with the same company. You will also get discounts for a clean driving record and possibly for renewing you policy with the same company repeatedly. Making sure you insurance never lapses will sometimes reduce your premiums as well as belonging to a particular professional group such as engineers, teachers, or doctors.
Younger drivers can get discounts for maintaining good grades, and completing a driver safety course approved by the state. Insuring multiple vehicles will also reduce your premiums. Anti-theft devices and safety mechanisms such as airbags and seat belts will contribute to the reduction of your auto insurance premiums.
With these things evident, you understand that there are quite a few things that go into determining who will be applicable for cheap Indiana auto insurance. Fortunately enough, we make it easy for you to find something that you can afford using our free quote tool. If you’re tired of paying a lot for your auto insurance policy, give us a try!
Indiana minimum requirements
Bodily Injury Liability Per Person: $25,000.00 Limit
Bodily Injury Liability Per Accident: $50,000.00 Limit
Property Damage Liability: $10,000.00 Limit
Uninsured Motorist: $25,000.00/$50,000.00 Limit
Uninsured Motorist Property Damage: $10,000.00 Limit