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.
Car Insurance FAQs
How much auto insurance do I need in Indiana?
The Indiana minimum auto insurance requirements are designed to provide a small level of protection in the event you damage someone else’s property, or you cause harm to another person. In Indiana, drivers need a minimum of $25,000 per person and $50,000 per accident for Bodily Injury Liability Coverage and $25,000 per accident for Property Damage Liability Coverage. The minimum amount for uninsured motorist coverage is $25,000/$50,000 for bodily injury and $25,000 for property damage, and the minimum amount for underinsured motorist coverage is $50,000 for bodily injury.
What is the best deductible?
The best deductible is what you can afford to pay out of pocket when you file an auto insurance claim. The higher the deductible, the lower your premium will be, and vice versa. A higher deductible means your accepting a more significant portion of the risk yourself. It is best not to take on more risk than you can afford.
What is “full coverage?”
There is no such thing as “full coverage” insurance. Full coverage auto insurance is a term that is used to suggest you have chosen protection that goes beyond the minimum coverage required by your State. It typically includes collision and comprehensive coverage, medical payment coverage, and uninsured and underinsured motorist coverage.
How can I save money on my car insurance?
You can save money on your car insurance by avoiding moving violations, crashes, DUIs, and other incidents. By having a clean driving record, you may also qualify for a safe driver discount. Students may qualify for good student and student-away-at-school discounts. Your vehicle’s anti-theft devices and safety features may also provide more discounts. Paid-in-full, multi-car, and prior carrier discounts are also common.
How long does an auto accident affect my insurance?
A crash won’t impact your car insurance premiums forever. After about three to five years, your rates should recover. Exactly how long this takes will depend on the type of accident as well as the company you are insured with.
Is buying direct cheaper than buying through an agent?
Buying direct is not always cheaper than buying through an agent. You might think that cutting out the middleman would result in cheaper car insurance rates, but when it comes to insurance, this isn’t the case. In fact, an independent agent, one that represents many insurance companies, can often save you money.
What is the best auto insurance company?
The best auto insurance company differs per individual. No insurance company is objectively the best. It all depends on what you’re looking for. Do you want the best customer service, the broadest coverage, or the lowest rates? Or maybe you have unique coverage or underwriting needs? An agent can help you compare car insurance quotes from multiple insurance companies and find the right policy for your situation.
What is the best or cheapest auto insurance rate?
The best or cheapest auto insurance rate can be found by comparison shopping. Compare premiums as well as differences in coverage. An independent insurance agent can help. They can provide options from multiple carriers, along with the expert guidance you need to make a smart choice.
How do I switch to a new auto insurance company?
You can switch to a new auto insurance company at any time, but to avoid overpaying or violating state law, you do need to watch out for a couple of things. Car insurance policies are often sold for coverage periods of six months or one year. In some cases, you may be charged a fee if you decide to cancel your insurance policy early. You may also be entitled to a refund for the unused portion of the premium. You also want to make sure you have continuous coverage to avoid a coverage gap.
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
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
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
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.
Uninsured/Underinsured Motorist
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.
Medical Payments
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.
