Why basic auto insurance isn’t always the right choice

Auto insurance is something that most states require you to have. If they don’t require insurance, they do require you to show financial responsibility. The mandate is for liability coverage. The amount varies from state to state. At Irvington Insurance in Indianapolis, IN it is our responsibility as independent insurance agents to make sure all of our customers have not only the mandated amount of auto insurance but the amount of auto insurance that is right for them.

You Need More Than The Basics

In Indiana, the basic amount of auto insurance that is required is 25/50/25. This is $25,000 for the first injury in an accident with $50,000 for total injuries and another $25,000 for property damage when you are responsible for an accident. 

If your vehicle is financed or leased, you will need to protect your vehicle as well as other drivers.  This means carrying two additional types of coverage, collision and comprehensive. 

Collision coverage protects your vehicle from collisions where you are responsible, whether with another vehicle or in a one-car collision with a stationary object. It also covers your vehicle if you are in an accident with an underinsured or uninsured driver or if you are the victim of a hit and run. 

Collision coverage protects your vehicle from a plethora of things you have no control over. You can’t control lightning from hitting a tree and sending a branch careening onto your vehicle. You can’t control floodwaters from damaging your vehicle. If your vehicle is stolen or vandalized, comprehensive coverage takes care of it. 

If you count on your vehicle to live your life, to go to work, run errands, etc, it is important to have your vehicle. Unless you have a lot of money, basic coverage just won’t cut it. 

Contact Irvington Insurance in Indianapolis, IN to discuss your auto insurance needs.