According to Indiana car insurance law, it is essential to have a valid insurance cover for every running vehicle in the state.

Every driver is also expected to be familiar with Indiana auto insurance laws. Those who fail to comply with these laws may lose their driving privileges.

All drivers in the state of Indiana are also required to satisfy and maintain certain levels of financial responsibility in order to register or operate a vehicle on any highway or street.

The law also allows for charging of penalties if mandatory levels of coverage are not provided. The three methods by which a driver can meet the financial responsibility requirements are as follows:

  • By purchasing an auto liability insurance policy, to cover at least bodily injury or death suffered by two or more people in an accident for which the driver is at fault and property damage that requires repairs or replacement, from a company licensed to operate within the state.
  • By obtaining a surety bond from a company that has license to conduct business in Indiana. The bond amount must be at least for the same amounts mandated for an insurance policy.
  • By depositing a specified amount with the state treasurer. It can be in cash or securities of the type that a bank can purchase. The amount can also be deposited in a trust fund.

In Indiana, the auto insurance minimum liability coverage is as follows:

  • Bodily injury for one Person – $25,000
  • Bodily injury for all Injuries – $50,000
  • Property damage: $10,000

As per Indiana state requirement, insurance companies have to include a minimum of $50,000 uninsured/underinsured motorist coverage unless expressly rejected in writing by the insured. Uninsured/Underinsured motorist coverage provides protection in case a driver is involved in an accident and the other person is not adequately covered by an auto insurance policy.

A driver is not required to carry a no-fault insurance in Indiana. This is because it is a Tort state. This means that the driver at fault must pay for a victim’s medical expenses.

Shopping For Car Insurance in Indiana

Most of the auto insurance service providers in Indiana have a web presence. Shopping for auto insurance online provides an easy means to compare premiums of different companies. Once the auto insurance requirements of state of Indiana are clearly understood, it is easy to obtain rate quotes for free and purchase policies on the web.

The greatest advantage of purchasing online auto insurance is that it can be done from the convenience of the home or office. However, the accuracy of the premium depends to a great extent on the correctness of the information provided to the quote system.

The insurance companies need to have detailed personal information in order to provide the quote. The information to be provided include social security numbers, license numbers of drivers, vehicle identification numbers, date of birth, a correct and valid garage address, mileage to and from work and a list of all drivers in the household.

Its to be borne in mind that for the insurance premium quotes to be reliable, it is necessary to run driver license reports to reveal tickets or accidents in the household, credit reports and checking for current insurance coverage. A lapse in insurance coverage may not immediately be evident in an online premium quote. It may be picked up by the insurance carrier only at a later date. This can lead to an increase in insurance premiums.

Its a good idea to review the current policy limits. If the current limits are acceptable, auto insurance quote can be obtained online for the same limits. If it is required to be changed, quote for the revised limits can be obtained.

An independent auto insurance agency will be able to offer quotes from many insurance companies at one go. A lot of time can be saved and the hassle of filling out online forms for a number of insurance companies can be done away with. Such agencies work for individuals and not insurance companies in that they get the best possible deals. Direct quotes from insurance companies that have a web presence can also be obtained.

After obtaining the quotes online, make a comparative study of the premiums to identify the best deal. Once the online Indiana auto insurance service provider is selected, check with the department of insurance to understand as to how the company resolves complaints and its financial stability and statistics on rates.

To receive the new insurance card in the mail, it can take up to a week when signing up online. Therefore, it is important to have access to a printer to print out temporary insurance cards and keep them till the original is received.

Again, under Indiana car insurance law, it is essential to have a valid insurance cover for every running vehicle in the state. Every driver on the road is expected to be familiar with Indiana auto insurance laws. Those who fail to comply with these laws may lose their driving privileges.