Indiana auto insurance is mandatory for drivers in the state however they don’t need to carry proof of coverage with them at all times when driving. Drivers can receive a citation if they’re pulled over by the police and don’t have proof of insurance on them, but it can be dismissed if they can prove in court that they are insured.
If a driver is involved in an accident, the Bureau of Motor Vehicles will want to see your proof of insurance within 45 days of the accident or your driver’s license could be suspended. There are minimum amounts of Indiana auto insurance that drivers must possess. You need to have $10,000 of property damage insurance as well as $25,000 of bodily injury and death coverage for one person in an accident and a minimum of $50,000 of coverage for all injuries.
If you can’t show proof of insurance in Indiana, then your license could be suspended for up to 90 days and you will receive a fine. Also, drivers are financially responsible for all damages if they’re deemed to be at fault in an accident. This means it’s a good idea to make sure you have an adequate amount of auto insurance to pay for the costs of medical bills and/or repairs to the vehicles and/or property.
When you think about it, the cost of auto insurance is actually quite minimal when compared to the costs of fixing or replacing a damaged vehicle, paying the medical bills of an injured person, and/or a possible lawsuit resulting from a traffic accident. An insurance policy is designed to protect you against all of these possibilities and consequences of a collision.
In addition, an insurance policy will pay for the damage you may cause as the result of an accident. Without a policy, this could bankrupt many people if they are forced to pay the bills associated with a serious collision. However, there are several types of policies available, such as liability, comprehensive, and collision. It’s important that you find out exactly what each of these cover to make sure you have the coverage you need.
For instance, your vehicle may not be insured for fire and theft if you just have basic coverage. Some policies will also give you a replacement car if yours is damaged in off of the road while being repaired. The cost of monthly premiums will typically rise with the amount of coverage that you have.
Since there are several types of Indiana auto insurance available and numerous insurance companies that sell it, you should do some comparison shopping before committing to a policy as the goal is to get the most coverage and best service at the lowest price. One of the best ways to compare policies and rates is to enlist the aid of a licensed insurance agency such as Acceptable Answers.
Our licensed agents will gladly help you find the right type of auto policy for your vehicle and budget. Just give us a call at 1-888-355-7129 for personal assistance or visit us at www.acceptableanswers.com.