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Auto Insurance in Indianapolis, Indiana
by darrelcooper on Mar 8, 2011
Auto insurance laws and requirements vary in every state. Indiana, with the aim of upholding its motto “Our liberties we prize and our rights we will maintain", prescribes 25/50/10 coverage. This means that state law requires minimum limit of $25,000 per injured person for Bodily Injury up to a sum of $50,000 per accident, and a minimum limit of $10,000 for Property Damage Liability.
Moreover, the state of Indiana strictly follows a Tort system. This system requires that there is always a person who is at fault for causing damage or an accident and that this person is found so that this person and/or his insurance company are held responsible to pay for all costs or damages with the 25/50/10 minimum coverage.
While the Tort system and the 25/50/10 coverage minimum are strictly implemented, the state, through the Indiana Department of Insurance, does not set auto insurance rates. Instead, they require that all insurance companies submit their rates first...Read More >>
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