Required Minimum Indiana Car Insurance Coverage Bodily injury liability: Minimum of $25,000 per person and $50,000 per accident. Property damage liability: Minimum of $25,000 per accident. Uninsured motorist bodily Injury: Minimum of $25,000 per person and $50,000 per accident.

What does a basic car insurance policy include?

While different states mandate different types of insurance and there are several additional options (such as gap insurance) available, most basic auto policies consist of: bodily injury liability, personal injury protection, property damage liability, collision, comprehensive and uninsured/underinsured motorist.

How much is car insurance per month in Indiana?

The average cost of full coverage auto insurance in Indiana was $1,485 per year, or $124 per month, but drivers could find cheaper rates by comparing car insurance companies. For cheap full-coverage insurance in Indiana, we recommend Erie for most drivers.

How long do you have to get insurance on a new car in Indiana?

The Indiana new-car insurance grace period is 2 to 30 days in most cases. The new-car grace period is how long insured drivers are allowed to drive a newly purchased vehicle before adding it to an existing car insurance policy.

What is the most common auto insurance coverage?

The best liability coverage for most drivers is 100/300/100, which is $100,000 per person, $300,000 per accident in bodily injury liability and $100,000 per accident in property damage liability.

What happens if you don’t have car insurance in Indiana?

The penalties for driving without insurance in Indiana include fines, license suspension, and increased monitoring for three years. Indiana requires that all drivers have at least $25,000 in bodily injury liability coverage, up to $50,000 per accident, along with $25,000 in liability coverage for property damage.

What are the car insurance requirements in Indiana?

The bare minimum car insurance requirement for Indiana drivers is: $25,000 bodily injury per person per accident. $50,000 bodily injury for all persons per accident. $25,000 property damage liability.

How are car insurance rates determined in Indiana?

Car insurance agents in Indiana calculate your auto insurance rates by taking many factors into consideration. These factors may include: Sex. Age. Marital status. Claims history. Credit score. Driving record. Deductibles. The higher your deductibles, the lower your premium. Where you live. How often you use your car and for which purposes.

When was the Indiana automobile insurance plan created?

Indiana Automobile Insurance Plan (IAIP) The Indiana Automobile Insurance Plan (IAIP) was created in 1948 and is a voluntary association that provides automobile insurance to individuals who are unable to obtain coverage through the voluntary market.

What happens if you drive without insurance in Indiana?

If you are found to be driving without the proper insurance coverage in place, you can expect the following consequences in Indiana: Indiana law only requires liability coverage to be a legal driver. However, most insurance companies offer a variety of coverage options which can add more protection. Check out a few of these options below.