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Indiana Auto Insurance Quotes

Are you looking for Indiana auto insurance coverage requirements? You had come to the site that gives you complete solutions and most competitive price quotes on Indiana auto insurance policies, so that you can comply with the financial responsibility requirements of Indiana. If you go through the information provided by us on Indiana auto insurance requirements, you'll be fully protected on your vehicle registration and driver license and you can also avoid penal action by the DMV of Indiana.

Minimum Statutory Indiana Auto Insurance Coverages

All the states in USA have made it compulsory for vehicle drivers to purchase certain auto insurance coverages. The most common statutory coverages are bodily injuries coverage for a single person, bodily injuries coverage for all the persons involved in vehicles accident, and property damage coverage. The minimum limits for these coverages are different in each state. In general, they are $25,000, $50,000, and $10,000 respectively. Insurance carriers and auto insurance brokers term these legal minimum coverages as 25/50/10.

Minimum liability coverage for bodily injuries for a single person is $25,000 in Indiana. For all the persons injured in an auto accident, the state minimum liability coverage is $50,000 and minimum liability coverage for property damage is $10,000. Hence, the statutory Indiana auto insurance is 25/50/10. Further, it is also advisable to purchase other types of optional auto insurance coverages, such as comprehensive coverage, collision coverage, uninsured/underinsured motorist coverage, medical coverage, etc. You should always consult a qualified Indiana auto insurance agent to guide you on the right kinds of coverages that you should purchase for full protection.

Indiana Tort System Driving Laws

Indiana does not follow the no-fault driving law system but the tort system like Idaho and several other states in USA. The insurance company of the driver pays the medical expenses of those injured in an auto accident under the no-fault system, irrespective of the person causing the accident. However, under the tort system, the fault is determined after the auto accident. The driver causing the accident must bear the responsibility of meeting the medical expenses of all the persons injured in the accident. Moreover, drivers have the legal option of filing civil claims against the drivers that had caused the vehicle accidents. The claims usually include lost wages, pain, and other sufferings arising due to the accident.

Indiana Auto Insurance Laws Compliance

Every driver must possess sufficient Indiana auto insurance coverage for all the vehicles registered in that state. Insurance carriers report non-renewals and cancellations of auto insurance policies regularly to the Indiana Department of Motor Vehicles. You might have renewed your auto insurance through another insurance carrier or it is possible your insurance company might have presented incorrect information to the Indiana DMV. Otherwise, you could have sold your vehicle or disposed of the vehicle in some other manner. The DMV will issue a warning notice to you under these circumstances, since it will receive a report of lapse of your Indiana auto insurance coverage.

If you had purchased a new auto insurance coverage from another insurance carrier, you can escape penal action by the DMV by submitting a copy of the latest insurance policy to the DMV. If you had sold or disposed of your automobile, you can submit a copy of bill of sale of the automobile or the junk receipt to the DMV. On receiving such information from you, the DMV will close your file and you can escape from legal action of DMV.

If you had not renewed your auto insurance policy, then you’ll have to pay the fines and face the penalties imposed by the DMV. Your driving license can also be cancelled by the DMV. You can renew the license after submitting proof of renewal of auto insurance and paying the reinstatement fee. You should take care that your policy is not renewed again, since the fine and the cancellation period of the driving license increase for subsequent offenses.

Other Essential Indiana Auto Insurance Coverages

Along with the mandatory Indiana auto insurance coverages, you should also consider other types of auto insurance coverages like comprehensive coverage, collision coverage, medical coverage, uninsured/underinsured motorist coverage, etc. Comprehensive coverage offers protection against ‘Acts of God’, such as theft of the automobile, fire damage, collision with an animal, and other types of unforeseen damages. Comprehensive coverage is highly useful for new vehicles, since this coverage helps you in claiming the entire repair charges of your vehicle or even the replacement cost of the vehicle if the insurance carrier declares the vehicle as totaled. The insurance carrier will provide this coverage on the payment of an extra amount, termed as deductible.

Collision coverage is essential when you are at fault in an auto accident. The financial lender will also insist on collision coverage if you buy the vehicle under finance. Uninsured/underinsured motorist coverage is not mandatory in Indiana but it is advisable to obtain this along with the minimum liability coverage of Indiana for protection when an uninsured/underinsured driver causes an auto accident with your vehicle. The medical expenses of all such injured persons are covered by medical coverage. Further, the medical coverage will help you in claiming lost wages for all the injured persons in the accident. You can express your Indiana auto insurance doubts to us and we will guide you on the right kinds of coverages that should form part of your Indiana auto insurance, taking into consideration your financial status and driving risk level in your area.