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Cheap Car Insurance in Indiana

Everything You Need to Know About Auto Insurance in Indiana

Residents of Indiana know their state rocks – literally. That’s because Indiana is home to one of the largest concentrations of limestone in the world. You can find limestone from Indiana in such notable places as the Empire State Building and the Pentagon. As far as things to do and places to visit, around 250,000 people come to watch the Indianapolis 500 every year.

Those in search of native American sites and artifacts often explore the Angel Mounds, Mounds State Park and the Sugar Loaf Mound. The builders of these mounds populated this area for more than 5,000 years. History buffs can discover the Lincoln Boyhood National Memorial, honoring President Abraham Lincoln. The child in all of us will delight in visiting Santa Claus, IN. There’s plenty to do and see in this town that pays tribute to everything Santa and Christmas.

There may be no official record of why it is called the Hoosier State, but it’s name comes from “Land of the Indians” due to being part of the Northwest Territory. There are more than 5 million drivers on the roads here, so finding cheap car insurance in Indiana that will protect you and your family is important.

How Much Does Car Insurance in Indiana Cost? 

In one respect, being below average can be a good thing. For example, Indiana drivers, on average, pay far less than the national average for their car insurance. For the basic state-required liability, Indianans pay $327 annually, almost half the $622 national average. For full coverage, the average is $1,295 annually, which is quite a bit less than the national average of $2,014 for full coverage.

When you purchase your policy, you’ll need to decide how much financial protection you want and need. Having an experienced and local Acceptance agent help you choose the best car insurance coverage is simple and easy.

What Is the Average Premium for Cheap Full Coverage Car Insurance in IN?

Residents of the Hoosier state pay roughly $108 monthly on full coverage. With this package, you get liability coverage at the required state level (or more, if you wish), plus two additional protections just for you. These are collision and comprehensive.

As an at-fault state, Indiana requires minimum liability to help you pay for injuries and damages you cause if you are at fault in an accident. Adding collision helps pay for repairs (or replace) your own vehicle, since your liability will never pay for your own damages. Adding comprehensive means, you are covered if something happens to your car, such as theft or storm damage.

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Both collision and comprehensive include a deductible and you can purchase these coverages separately or together. If your vehicle is financed, your lender will likely require you to carry full coverage to protect their interest in the automobile until it is paid off.

How Much Does Liability Insurance or Minimum Required Auto Coverage Cost in IN?

As mentioned, liability consists of bodily injury/death and property damage coverage to help pay for the injuries and damages you cause in an accident where you are at fault. Your liability will never pay for your own injuries and damages and anything over your policy limits suffered by the other party will come out of your pocket.

This is why many drivers choose to increase their limits up from the state-required minimum. If you hydroplane on a rainy day and total someone’s car and/or seriously injure another person, your assets could be seized to pay their costs if your insurance limits don’t cover it all.

How do Insurance Rates Compare Across Indiana’s Major Cities

Location is just one factor insurers use to generate a policy cost, but it can be a big one. For example, congested cities where accidents are more frequent and vehicle crime is higher, rates may be higher than for drivers in more rural areas. Here are some average rates for some of Indiana’s cities.

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City Full Coverage Insurance Liability  Insurance Coverage
Gary  $152 $41
Carmel $96 $33
Muncie  $97 $30
Terre Haute  $116 $34
Lebanon $95 $31

Unless otherwise specified, we use the following methodology to arrive at our average cost: male, age 30, lowest possible legal coverage allowed by Indiana. Your rates will be determined by several factors, including your age, your gender and the amount of coverage you want to purchase.

What are Some Car Insurance Discounts in the Hoosier State?

Residents of Indiana are known to be frugal and smart with a dollar, so it’s no surprise they look for car insurance discounts to help lower the cost of their premium. Here are some popular discounts you can take advantage of when you renew or find your next policy:

  • Good driver: If you have driven blemish free for three to five years, you may be eligible for this discount, which can save a hefty amount of money.
  • Good student: Good student discounts show you one way to save money on car insurance for young drivers and their parents. 
  • Bundling: When you bundle two or more policies with one insurer, such as your auto and home insurance policies, you can get a nice discount.
  • Defensive driving course: Many companies reward their customers for taking the initiative to be a safer driver by passing an online or in-person course.
  • Military or other first responder: Many insurers like to thank their first responders and front-line personnel with a small discount.

Check with your neighborhood agent for details on how you can save some money with discounts.

Indiana Car Insurance Laws

Indiana is an at-fault state. Drivers are required to carry liability insurance to help cover the costs of at-fault accidents. This basic insurance will not provide any financial help for your own injuries and damages if you are at fault.

What are Mandatory Vehicle Insurance Requirements in Indiana?

Mandatory car insurance requirements in the Hoosier State include:

  • Bodily Injury Coverage per Person: $25,000
  • Bodily Injury Coverage per Accident: $50,000
  • Property Damage Per Accident: $25,000

Insurers in Indiana are required to report to the state DMV anytime a policy is enacted – and any time one is cancelled or lapses, so if you are pulled over or get in a wreck, the police and the state will know if you are uninsured.

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What Happens if You are Caught Driving Without Insurance in IN?

  • First-time offenders may have their license suspended for 90 days.
  • Another possible repercussion is the need to file an SR-22 certificate with the state for three years. Your insurance company must file this certificate for you. It lets the state know you are properly insured. However, having an SR-22 designation also lets insurance companies know you are now considered a high-risk driver. You may have to shop around to find an insurer that handles high-risk drivers.
  • If you are convicted a second time, you could lose your driving privileges for a year and be required to pay a $500 fine. A third offense increases that fine up to $1,000. The SR-22 requirement accompanies all driving without insurance offenses.

What Factors Does Indiana Law Allow in Determining Your Insurance Premiums?

You may be curious how insurers come up with your policy premium. They use many factors, some unique to you, to arrive at your cost. This is why your price is different from your neighbor’s rate.
Ten common factors insurers look at include:

  1. Driving record
  2. Claims history
  3. Credit Score
  4. Location
  5. Marital status
  6. Job Title
  7. Education level
  8. Type of Vehicle
  9. Age
  10. Gender

These are just a few of the things insurance underwriters examine. Some of them you cannot change (age and gender) and some of them you have a great deal of control over, such as driving record and credit history. If you don’t like your price, you are free to shop around and compare. Plus, you can always work on improving your driving record and increasing your credit score to get a better rate. At Acceptance, our friendly, local agents have experience at helping you shop around, compare rates and find the perfect policy.

Am I Required to Report an Accident in Indiana to Authorities?

In Indiana, authorities want you to call 9-1-1 and report an accident if anyone is injured, killed or trapped. In addition, it is a requirement to call law enforcement if you damage someone’s property, such as a fence. Remember, if you damage a rancher’s fence and his cows get out, someone else could hit one in the dark and be killed.

If it is a single vehicle accident and your vehicle is the only one damaged, you are free to not call the police unless someone in your car is hurt or killed. Likewise, two (or more) drivers may agree amongst themselves to decide if it is necessary to call. Keep in mind that without an official accident report, you may be faced with a he-said-she-said situation later.

Also, keep in mind you may need a police report in the event of a crash to prove who caused the accident.

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How Many Car Accidents Happen in Indiana? 

In 2020, 896 people were killed in 808 fatal traffic accidents. The majority of those happened in urban areas (47%) with 25% in suburban areas and 14% in rural areas. Alcohol-impaired fatalities amounted to 124 and out of those, the majority were driving pickup trucks (34.4%) with passenger cars coming in at 25%. Motorcyclists accounted for 138 fatalities.

How Many Drivers are Uninsured/Underinsured Motorists in IN?

Approximately 15.8% of Hoosiers are driving without insurance. If you are hit by a driver with no insurance or not enough insurance, you may be left having to pay for your own repairs and medical bills. Uninsured motorist coverage is not required in Indiana but is a cheap add-on that can save the day by starting to cover those costs.

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I am a Low-Income Driver. How Can I Find the Cheapest Car Insurance in Indiana?

To save money, you can work with a friendly neighborhood agent to find a balance between policy limits and deductible amounts. There are also many discounts you can take advantage of to help lower your bill. Choose a month-by-month payment plan so you can spread the cost out over the year.

Can an Undocumented Worker Get Auto Coverage in IN?

Indiana does not allow undocumented people to get a driver’s license. This may hamper your ability to get insurance, but if you want to purchase it for someone else who does have a driver’s license and provides you with transportation, you can shop around and find an agency willing to work with you.

Is It Possible to Get Car Insurance in Indiana with a DUI on my Record?

Yes. Having a DUI mark on your record can make it harder to find cheap car insurance in Indiana, but it is possible. Check with your neighborhood agent to find affordable DUI Insurance solutions.

Get Affordable Car Insurance in Indiana Today!

If you are looking for cheap car insurance in Indiana, look no further than Acceptance. Our friendly and knowledgeable agents can help you by researching your options with several top-rated carriers so you have choices. Stop by one of our convenient offices today, give us a call at 877-405-7102 or get a fast online car insurance quote.

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