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Indiana Auto owners with Auto Insurance Coverage

Auto Insurance

Auto Insurance

As residents of Indiana, the law requires us to carry mandatory car insurance if we want to operate a vehicle. In order to avoid costly suspension of our driver’s license and high-risk coverage requirements, it is important to understand the legal requirements and to examine if that coverage is adequate for our needs.

What coverage is required in Indiana? 

Liability insurance covers property damage and bodily injury should we have an accident and are determined to be at fault.  The law requires us to carry property damage coverage of at least $25,000 should we damage someone else’s property and bodily injury coverage of at least $25,000 per person and $50,000 per accident should we cause harm to others. Additionally, Indiana liability policies include uninsured motorist coverage that meets the minimum liability requirements and underinsured motorist bodily injury coverage of $50,000.

While it is possible to opt out of uninsured motorist coverage, doing so places a great deal of trust in other drivers and their level of financial responsibility. The insurance experts at Poe & Associates, Inc. are available to help secure a policy that meets these minimum requirements.

What does minimum coverage not include?

Collision, comprehensive, and rental reimbursement are not required by law.

  • Collision coverage helps cover the cost of your automobile should it “collide” with another vehicle or object. If the car is being financed, most institutions will require us to purchase this coverage. If the car is owned outright, we have to ask ourselves if we can afford to replace the car should the worst happen.
  • Comprehensive insurance aids us in paying for damage to our vehicles caused by incidents other than a wreck, such as hail, fire, theft, vandalism, or falling trees. With the high costs of car repairs, many consumers simply cannot afford to pay for these repairs out of pocket.
  • Rental reimbursement helps us pay for a rental car should our car need to have repaired. This coverage is especially important if we do not have access to other modes of transportation if our vehicle requires an extended stay at the body shop.

The agents at Poe & Associates, Inc. are available to discuss automobile insurance and other personal insurance needs. Feel free to give us a call, stop by the office for a visit, or explore the online automobile insurance rating tool.

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