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Indiana Car Insurance Money Saving Tips and Legal Requirement Levels

Looking for a way to save money on Indiana car insurance is a smart idea. When is comes to Indiana car insurance, affordable insurance is available. Once you know the state, you can look for a car insurance rate quote that meets these requirements and find ways to start saving money. There are many causes of increased car insurance rates that can be reduced while still meeting all requirements of the law.

Know the Indiana State Requirements
State law requires that each driver carries liability insurance. The minimum amounts required will fulfill the law, but they may not give you enough coverage. You should consider adding more coverage to protect you from being left with a bill should damage exceed minimum requirements.

The uninsured motorist coverage requirements in Indiana are $25,000 for bodily injury coverage for one person in one accident and $50,000 for the total accident. The underinsured motorist coverage requirements are $50,000 total for bodily injury coverage in one accident. Also required is $10,000 property damage coverage.

Top 4 Ways to Lower Your Premium
In Indiana, there are many causes of increased car insurance rates. Some of these causes you, as the insured, can control in return lowering your premium.

  • One important factor is your driving record. Being a safe driver with no or few infractions will qualify you for a lower insurance rate with most companies.
  • Along with this is your credit score. Basically, you can count on the fact that the higher your credit score, the lower your premium. Although, legally companies are not allow to increase your premium based solely on your credit score.
  • Another factor in lowering your premium is where you live. Though you may not always have control over your geographical location, if you are planning on relocating, it is something to take into consideration. Even where you live within a state can increase or lower your premium. This is typically based on the crime rate and accident rate in the area. This determines the likelihood of theft and accidents.
  • The type of car you drive is also a determining factor in premium rates. Muscle cars like the 2010 Ford Mustang and SUVs result in a higher insurance rate as do cars that are red. If you choose a car that has a high national theft rate, your rate will be slightly higher as well. Insurance companies will also look at how expensive your type of vehicle is to repair should an accident occur.

Once you know the requirements of Indiana car insurance minimum coverage regulations, you can focus on lowering your rates. Driving wisely, choosing a car wisely, and keeping your credit score in check are just some of the ways you can save money on Indiana car insurance.

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