Indiana Car Insurance

Indiana Car Insurance: Simple Guide to Insurance Requirements

Car insurance laws vary from state to state. These laws affect the rates of your insurance policy and hence, you need to keep in mind the several requirements to comply with Indiana state laws while buying a car insurance policy.

All states require a minimum Property Damage Coverage and Bodily Injury Liability, and the state of Indiana is no exception. The Indiana Department of Insurance monitors the insurance industry in the state of Indiana. It states that the minimum requirement for a car insurance policy should be 25/50/10. Let’s take a broader look at these requirements.

Required Minimum Bodily Injury

A minimum coverage amount of $25,000 for Bodily Injury is required to pay for each person injured in any one accident and $50,000 for all persons involved in each accident.

Required Minimum Property Damage

In this type of requirement a minimum amount of $10,000 is required to pay for damages to property of other party in each accident.

Optional Insurance Coverage

Underinsured Motorist (UIM) and Uninsured Motorist (UM) requirements, as stated by the state of Indiana, stipulate that a minimum requirement of Uninsured Motorist to be purchased must not be less than the required minimum amount of bodily injury coverage. However, in case of an Underinsured Motorist, it must be up to at least a minimum amount of $50,000.

More details on Indiana insurance requirements are available from the Indiana Department of Insurance in Indianapolis by calling 317-232-2385 or simply visiting their website athttp://www.in.gov/idoi/.