Affordable Car Insurance IN
From the thriving settlement of Mississippian Indians at Angel Mounds in the 2nd century, to the German Lutherans founding a utopian society at New Harmony in the early 1800s, to the over six million people who reside there now, Indiana has always drawn people to live there. Whether it’s the slow pace of the quiet, mid-western farming towns, or the bustle of one of the major cities, you call it home too. And though you’ve likely never been a driver in the Indianapolis 500, you probably do drive a car, and in this state that means you are required by law to have car insurance. It may seem like an unnecessary expense, but you have to have it, and you can easily get affordable car insurance in Indiana.
What is required?
The state of Indiana requires all drivers to carry at least liability insurance. (Liability covers only injury to people outside your car and damaged to their property that is caused by you. It is less expensive than full coverage, which covers damage to your property and injury to you and other people in your car.) Each state sets specific limits on how much coverage drivers must carry. The Indiana minimum liability coverage requirements are at least $25,000 or bodily injury to one person, at least $50,000 for all bodily injuries, and at least $10,000 for property damage. Indiana drivers must also carry a policy that covers uninsured and underinsured motorists, unless rejected in writing.
What happens if I don’t have insurance?
Operating a vehicle at any time without valid liability insurance is strictly against the law and is a class A infraction, meaning it is not considered a crime, but a civil offense. However, driving without a current insurance policy can result in a 90-day suspension of your drivers license, or up to a one-year suspension for a repeat violation within three years. And in order to have your license reinstated you must pay a fee of $150 to $300 and present proof of current insurance signed by your insurance agent. You can’t afford to take the chance of losing your license entirely, and besides, you’d be breaking the law. Just purchase some affordable car insurance instead.
What are my options?
You can choose between liability coverage only or full coverage, and also a wide spectrum of options in between that are some combination of the two. You simply have to decide how much coverage you need, and also how much you can afford. Just be sure that you meet the minimum required coverage amounts in each category. If you can afford to have more than the minimum coverage, it’s generally a good idea. If you have only liability insurance and you cause an accident, all the costs for your car repairs and medical expenses will come out of your pocket. It’s much easier to budget a monthly amount for car insurance than be caught unexpectedly with thousands of dollars of medical and repair bills.
One way to keep the cost of car insurance down is to have a higher premium. This means that you pay more out of pocket up front before the insurance kicks in. If you know you can afford to pay up to $1,000 yourself, you’ll save quite a bit more each month than if your deductible is $500. Another good way to save money on monthly premiums is to find out what discounts are available. Depending on your plan, you may be eligible to receive discounts for things like having a clean driving record over a certain amount of time, having certain safety features on your vehicle such as airbags or anti-lock brakes, or for having more than one car insured with the same company. There are even discounts available for high school students who keep their grades up. Even small monthly discounts add up over time, so be sure to ask about them.
Car insurance may seem to some people like wasted money, but it’s not. It’s a wise financial investment, one you really can’t afford to not make. Include affordable car insurance in your monthly budget and you’ll be very glad you did when that unforeseen accident happens and you’re not stuck with the repair and medical bills. You also won’t have to worry about losing your license or paying large fines; you can have peace of mind when driving, and just focus on enjoying the beautiful state of Indiana.
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