In Indiana, you need $25,000 in bodily injury coverage per person ($50,000 per accident). Bodily injury liability insurance pays for other people’s injuries after a car accident that you cause, and it can also cover your legal fees if you are sued after a crash.
In addition to bodily injury liability insurance, drivers in Indiana need to purchase $25,000 in property damage liability insurance. Property damage liability coverage pays for damage to others’ property after an accident caused by the policyholder.
Together, these Indiana liability insurance requirements are often written as 25/50/25. Even though Indiana only requires 25/50/25 in liability insurance, it’s a good idea to purchase more coverage if you can afford it. Buying higher coverage limits can protect you financially if you cause a serious accident.
Indiana is an at-fault state, which means that the at-fault driver is responsible for paying for everyone injured in the accident. There are no restrictions on the right to sue after an accident in at-fault states, even if the insured buys personal injury protection (PIP).
On average, state minimum coverage costs $898 per year in Indiana, but there are many factors that can affect how much you pay for a policy. Any coverage above and beyond what is required by Indiana law is optional, but it’s usually worth the money to get some additional protection. The biggest reason is that state minimum coverage doesn’t protect your personal vehicle. For insurance to pay for damage to your car, you’ll need full coverage.
In Indiana, full coverage refers to a policy that includes collision and comprehensive, plus higher coverage limits than what is required by state law. Full coverage car insurance costs about $2,918 per year in Indiana. There may be cases when you don’t need full coverage insurance, but Indiana drivers should buy as much coverage as they can afford as a general rule.
Most policies offer coverage for six months to one year at a time and can be paid in a variety of ways, including monthly payments. The best car insurance companies in Indiana balance affordability with quality coverage and strong customer service. You can easily get a quote from top companies like State Farm, Geico, Westfield, IN Farm Bureau, and Erie Insurance online or over the phone, or use WalletHub’s comparison tools to find the best car insurance policy for your needs.
Car insurance in Indiana costs $35 per month or $422 per year for minimum coverage, on average. The cheapest car insurance companies in Indiana are USAA, Indiana Farm Bureau Insurance, and Hastings Mutual, and getting quotes from several companies can help you find the best deal.
The average cost of car insurance in Indiana is 37% lower than the … read full answernational average auto insurance premium. There are several factors that affect how much you’ll pay for car insurance in Indiana, including your driving record, age and location, the amount of coverage you purchase, and the insurance company you buy it from.
Average Cost of Car Insurance in Indiana by Category
After an at-fault accident:$143 per month
Driver with poor credit: $60 per month
Teen driver:$171 per month
After a DUI: $72 per month
Average Cost of Car Insurance in Indiana by Company
Note: Rates are an approximation based on a driver in Indiana with minimum coverage and a clean driving record. Actual rates will vary.
How to Lower the Cost of Car Insurance in Indiana
Shop around and compare quotes. We recommend comparing quotes from at least three different insurance companies to make sure you are getting the best rate.
Choose a higher deductible. Your deductible is the amount you have to pay out of pocket before your insurance kicks in. Choosing a higher deductible can lower your premiums but means you will have to pay more out-of-pocket when you file a claim.
Consider lowering your coverage. Consider purchasing only the minimum amount of coverage required by your state, rather than purchasing higher limits or a full coverage policy.
Look for discounts you may be eligible for. For instance, most insurance companies offer a good-driver discount for customers with a clean driving record, a good-student discount, or a discount for paying your premiums in full up front.
No, uninsured motorist coverage is not required in Indiana, as drivers can reject the coverage in writing. Still, insurance companies are required to offer at least $25,000 in uninsured motorist bodily injury coverage per person (up to $50,000 per accident), as well as $25,000 in uninsured motorist property damage insurance per accident.… read full answer
Additionally, drivers have the option to purchase $25,000 in underinsured motorist bodily injury coverage per person (up to $50,000 per accident).
For Indiana drivers who do not opt out by rejecting the coverage in writing, uninsured/underinsured motorist coverage helps pay for a car accident in which the other driver doesn’t have car insurance, or doesn’t have enough coverage for the damage they caused.
Why You Should Get Uninsured Motorist Coverage in Indiana
Normally, an at-fault driver’s insurance helps pay for any damage after an accident. However, if the other driver doesn’t have any – or enough – coverage, it can be time-consuming and difficult to sue them for funds to cover any medical or repair bills. That’s where this optional insurance coverage can help you save time and money.
Even though Indiana does not require uninsured and underinsured motorist coverage, you should still consider buying it. In Indiana, an average of 17% of drivers on the road don’t have car insurance, which means there is a 1 in 6 chance that the other driver won’t have coverage if you get into an accident. Car accidents in Indiana can be very expensive, too.
Key Facts About Uninsured Motorist Coverage in Indiana:
Minimum Uninsured Motorist Bodily Injury: $25,000 per person and up to $50,000 per accident
Minimum Uninsured Motorist Property Damage: $25,000 per accident
Minimum Underinsured Motorist Bodily Injury: $25,000 per person and up to $50,000 per accident
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