Auto insurance in Indiana is mandatory for all drivers. The minimum coverage requirements in the state are $25,000 for bodily injury to one individual in an accident, $50,000 for bodily injury to more than one person in an accident, and $10,000 in case of property damage in an accident.
Uninsured motorist coverage is mandatory in the Hoosier State unless you specify, in writing, that you don’t wish to have it. Although some people believe that foregoing this type of car insurance will save them money, there are ways to curb the costs without cutting corners on the level of coverage you need. Some easy and effective ways to save money for car insurance in Indiana include:
•Pay all of your expenses on time. Your credit report has an impact on many things, including your auto insurance rates. If you are viewed as a credit risk you can expect to pay more for your car insurance premiums. Ensure that you pay all bills by the due date and check your credit report periodically for any irregularities.
•Consider increasing the level of your deductible. Most people believe that having a low deductible will save them money should they ever need to pay it after an accident or a claim. Though this is true, having a lower deductible also means higher monthly premiums. Ask your agent to raise your deductible and you’ll notice an immediate drop in the price of your car insurance. In the long run, this can save you substantial amounts of money, assuming you drive safely.
•Join a carpool or purchase a public transportation pass. Not only will it help you lower your car maintenance expenses if you drive less, but you can expect to see a drop in your car insurance rates too. Most insurance companies offer lower rates to clients who drive fewer miles each year.
•Drive safely. The better your driving record is, the less of a liability your insurer will see you as. This will make it easier for you to obtain cheap car insurance. This is obvious.
Whenever you purchase a new car insurance policy be certain to review it closely. Also, every time it’s due for renewal, seek out a few new quotes. Car insurance rates can fluctuate quite a bit from one insurance company to another, so it’s wise to always be certain that the rate you are paying is indeed the lowest rate available for the coverage that you need.
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