Shopping for car insurance is a breeze when you choose the Luxor Insurance. Our north Indianapolis area office serves drivers throughout the region and across the state with first-rate customer service, an extensive coverage selection, and competitive rates.
Required Car Insurance Coverage in Indiana
Indiana requires all drivers to carry a minimum amount of car insurance that includes at least:
- $25,000 for property damage liability
- $25,000 bodily injury liability per person
- $50,000 bodily injury liability per accident
The state also requires that insurance companies include a minimum amount of protection against uninsured and underinsured motorists in each policy unless the driver specifically rejects the coverage in writing.
Calculating Your Coverage Needs
Luxor Insurance emphasizes the importance of having the right types and amounts of coverage – not just enough to maintain legal compliance. For most drivers, the state minimum coverage amounts are far too low to provide adequate protection against the losses and liabilities associated with a major accident or other covered event. That is why we work to evaluate individual risk exposure and calculate the amount of coverage that may be right for you.
Types of Indiana Car Insurance Coverage
There are several different types of coverage that may be included in your policy. Some, such as liability insurance, is mandatory. Others, such as collision and comprehensive coverage may be required by a lien-holder if you are still making payments on your vehicle. Examples of common car insurance coverage types include:
Liability is one of the most important components of a car insurance policy, as it protects you against financial liabilities when you are responsible for a car accident. We typically recommend high liability limits to cover legal fees in the event of a lawsuit, as well as judgments for property damages, medical bills, rehabilitative expenses, lost wages, and other losses.
Collision coverage helps pay to repair damages to your vehicle in the event of a collision. It can also compensate you for the loss of your vehicle if it is deemed a total loss. If you borrowed money to finance the purchase of your car, your lender probably requires you to carry collision coverage. Likewise, you will also need collision coverage if you are leasing your car instead of purchasing it.
Claims against collision coverage are subject to a deductible, which may be as little as $100 or as much as $1,000 or more. If you choose a high deductible, you may enjoy lower premiums. However, we recommend choosing your deductible carefully to ensure you can reasonably afford to pay it in the event of a loss.
Comprehensive coverage is misleading for many drivers, as its name implies ‘complete’ coverage. However, this type of protection actually covers only damages to your vehicle caused by non-collision events, such as a fallen tree, hail damage, or run-ins with wildlife. Like collision coverage, claims against comprehensive coverage are also subject to a deductible of your choosing.
If you are injured by an uninsured or underinsured driver, this type of coverage allows you to collect compensation for damages from your own insurance company. This coverage is highly recommended and included by default in all newly written Indiana car insurance policies.
If you and/or your passengers are injured in an accident or while entering or exiting your vehicle, medical payments coverage helps pay for the medical costs you incur up to the limits of your policy. Many drivers choose at least enough medical payments coverage to pay for a health insurance deductible or emergency room visit.
Roadside Assistance and Towing
Things don’t always go as planned behind the wheel. If you are in a collision, this type of coverage can help pay for your towing charges to a repair facility. Likewise, it can also help pay for locksmith services, fuel delivery, flat tire changes, and other similar expenses when you are stranded and unable to operate your vehicle.
Rental Car Coverage
What will you drive if your vehicle is damaged or totaled in an accident? Your insurance can include limited coverage for rental car fees until your vehicle is repaired or you are able to replace it.
Why Use an Independent Agent for Car Insurance?
Independent agents do not work for insurance companies; they work for their customers. When you choose Luxor Insurance, you are teaming up with an agent who prides himself on deep knowledge and experience in the car insurance industry. Brad knows how to calculate insurance risks and exposures, and he can break down complicated policy language into terms that make sense for the everyday driver.
Discounts that Work for You
We know that affordability plays an important role in the coverage choices of many drivers. Instead of sacrificing the quality of your coverage for the sake of upfront savings, we shop and compare discounts from multiple insurers to find competitive rates on the coverage you need. We aim to uncover every possible discount the drivers on your policy may qualify for, some of which may include:
- safe driving discounts
- good student discounts
- low mileage discounts
- multiple policy discounts
- safe vehicle discounts
- discounts for combining home and auto with the same insurer
- and more
Give our office a call next time you buy a car or shop around for car insurance rates. We’ll work hard to find a competitive rate on the coverage you need – all with the friendly and hospitable service our Indianapolis area clients deserve.