What auto insurance is required in Indiana

Indiana has 12,000 miles of federal and state roads and 68,000 miles of county roads. You could take a lifetime to drive on all of them. As a driver in this state, you will need to have liability insurance on your vehicle. Indiana is a 25/50/10 state. What this means is you need to carry a minimum of $25,000 for each person injured in an accident up to a maximum of $50,000 and at least $10,000 for property damage. This is a bare minimum, and given the cost of vehicles today, you can quickly see how $10,000 would not cover the value of the car, leaving you paying the remainder out of pocket. At Irvington Insurance in Indianapolis, IN, we understand auto insurance, and we make sure that our clients have all the coverage they need. 

While the state does not require you to carry more than the basic amount of auto insurance, if you have an auto loan or a lease, you will have to carry both collision and comprehensive insurance. If you have assets, the minimum liability coverage is not enough to keep you protected. So, what insurance isn’t required should you carry? 

Collision coverage protects your vehicle and will repair or replace it for you if you are the at-fault person in an accident. If you are like most people, being without a car isn’t an option, and if your vehicle is relatively new, the replacement value is thousands of dollars. Collision insurance will also provide you with a rental car while your vehicle is being repaired. 

Comprehensive insurance protects you from damage to your vehicle from things other than another vehicle. It also covers you for theft and vandalism. 

Knowing the insurance required in Indiana will help you to understand what coverage is right for you. Stop by the office or give us a call at Irvington Insurance in Indianapolis, IN to make an appointment and get a free quote. 

3 basic auto insurance rules to keep in mind as a first time driver

Shopping for your first car in Indianapolis, IN can be an exhilarating experience. However, there is a not- so- fun part that involves shopping for auto insurance. A car is a huge investment; you want to ensure that you are adequately covered in case you get into an accident so that you don’t have to seek financial help from bank loans. At Irvington Insurance, we recommend conducting proper research and seeking insurance advice from experts before settling on a specific insurance deal.

1. Understand your auto insurance coverages

As a first-time insurance buyer, you may need to invest some time into research for auto insurance. This will help you focus on your needs and budget. Evaluating your coverages also helps keep you one step ahead of your insurance provider. 

2. Not sticking to your budget can be costly

Car insurance rates and coverage options are pretty much similar in most states. The basic auto insurance policy is quite affordable, and it covers most of the critical aspects. If you are tight on budget, consider buying what matters to you most and ignore new optional coverages that will only cost you more. Remember, the more coverages you get on your policy, the more costly your policy gets.

3. Your driving habits are key

Your driving record is a significant determinant of how much your insurance company will charge you. Young drivers are generally perceived as less experienced and, therefore, are likely to be charged more.

Purchasing insurance for your first toy is not an option but a legal requirement. Adhering to the traffic rules put in place as well as keeping your insurance coverages updated are some of the important steps that can help you stay safe on the roads as a first-time driver. For more information on auto insurance, speak to an Irvington Insurance expert in Indianapolis, IN today!