Accidents can happen to anyone, especially in the winter when roadways can be slick with ice and sleet. That’s why if you own a vehicle in Bicknell, IN, you are required by law to maintain car insurance. From fender benders to multi-vehicle collisions, a reliable auto insurance policy can shield you from large financial losses following an accident.
Finding the best car insurance is easy when you work with a local independent agent. These agents can gather a variety of customized auto insurance quotes on your behalf so you can be sure you are getting the coverage you need at a competitive price. Find an insurance agent near you to get started.
How Much Does Car Insurance Cost in Bicknell, IN?
The average cost of car insurance in Indiana is lower than the national average rate. This is great news for Bicknell drivers who are looking for an affordable policy.
- National average annual car insurance cost: $1,311
- Indiana average annual car insurance cost: $1,033
Of course, car insurance costs can vary greatly from one driver to the next. This is because premiums are calculated individually according to several factors.
- The make, model, and year of the vehicle(s) you are insuring
- Your age, occupation, marital status, and driving record
- Information about other licensed drivers in your household
- The accident and auto theft rates in the vicinity of your home
- The amount of coverage you are purchasing
- Whether you are bundling your coverage with another policy like home insurance or renters insurance
When it comes to car insurance, experience matters. Therefore, you can expect that a senior at North Knox High School will be charged higher rates than a 40-year-old accountant with no moving violations or accidents in the last seven years.
Comparing rates from a variety of insurance companies lets you be sure you are getting your policy at a competitive price. Independent insurance agents make comparison shopping easy.
What Are the Car Insurance Requirements in Bicknell?
This state of Indiana requires drivers to carry liability insurance and uninsured motorist insurance. Liability insurance covers injuries and property damage that you may cause to other people. Uninsured motorist insurance covers damage others may cause to you while driving uninsured.
The requirement to carry uninsured/underinsured motorist insurance can be waived so long as you opt out in writing.
Your car insurance policy must include, at a minimum, the following.
- Liability coverage
- bodily injury liability insurance: $25,000 per person/$50,000 per accident
- property damage liability insurance: $25,000 per accident
- Uninsured/underinsured motorist coverage
- bodily injury insurance: $25,000 per person/$50,000 per accident
- property damage insurance: $25,000 per accident
The costs associated with a serious collision can easily exceed what a minimum coverage policy will pay for. That is why many residents of Bicknell opt to purchase car insurance with more liability insurance than the state requires.
If you have a lot to lose and want even more liability coverage than your car insurance provider can offer, you can also purchase umbrella insurance, which is an affordable way to boost all of your liability coverages.
What Else Can Bicknell Car Insurance Cover?
In addition to the coverage that is required by law, insurance companies will give you the option of including any of the following coverage options in your car insurance policy.
- Comprehensive insurance: This can pay to repair or replace your vehicle if it is damaged by a non-collision event such as a fallen tree or a tornado. (This coverage may be required by your lender if you are still paying for your vehicle, or by the dealership if you are leasing it.)
- Collision insurance: This can pay to repair or replace your vehicle if it is damaged in a collision, regardless of fault. (This coverage may be required by your lender if you are still paying for your vehicle, or by the dealership if you are leasing it.)
- Medical payments insurance: Also known as “MedPay,” this can cover the cost of medical treatments for you and your passengers if you are injured in collision for which you are at fault.
- Gap insurance: This can bridge the gap between what you currently owe for your vehicle and what your vehicle is actually worth if your vehicle is totaled in a covered event.
- Towing and roadside assistance insurance: This pay for assistance if your vehicle becomes disabled while you are out on the road.
- Rental reimbursement insurance: This can pay for the cost of renting a vehicle while repairs are being made to your car following a covered event.
Talk to an insurance agent near you to learn more about these coverage options and to get help determining which, if any, are a good fit.
What Is the Penalty for Driving without Insurance in Indiana?
Driving without insurance in Indiana is illegal. If you are caught, you can face fines of $250 to $1,000, lose your driving privileges for 90 days to a year, and need to pay reinstatement fees. This can also have a negative impact on your car insurance rates.
Even so, approximately one out of six drivers sharing the roads with you in this state are operating uninsured vehicles. This is why uninsured motorist insurance is so important.
- Percentage of US drivers who are uninsured: 13.0%
- Percentage of Indiana drivers who are uninsured: 16.7%
If you are in a collision caused by an uninsured, underinsured, or hit-and-run driver, uninsured motorist insurance can ensure that you have immediate coverage for any related medical bills and repair costs you may have accrued.
Your insurance company will then take on the difficult task of trying to collect the funds owed by the uninsured driver.
Does Bicknell Car Insurance Cover against Vehicle Thefts?
The auto theft rate in Indiana is the same as the national average. In the small city of Bicknell, there are very few reports of stolen vehicles.
- National auto theft rate per 1,000 vehicles: 2.29
- Indiana auto theft rate per 1,000 vehicles: 2.29
As a vehicle owner, it is important to know that you cannot be compensated for a stolen car unless your auto insurance policy includes comprehensive, or “other than collision,” insurance.
Comprehensive insurance covers against far more than just theft. It can also reimburse you for loss and damage to your car due to a variety of other non-collision hazards such as if your car is damaged by hail or floodwaters.
If you are still paying for your car, or if you have it on a lease, chances are good you have comprehensive insurance already. Otherwise, you can talk to an independent agent to find out how much it will cost to add this optional coverage to your Bicknell car insurance policy.
Why Contact an Independent Insurance Agent in Bicknell, IN?
Vehicle owners in Bicknell can turn to local independent agents for help when they are looking for a reliable auto insurance policy that meets their coverage and budgetary needs. These agents are free to work with several insurance providers, so they can shop around for the best and most affordable policies.
Find an independent insurance agent near you to learn more. Your agent can help you start comparing customized car insurance quotes in no time.
TrustedChoice.com Article | Reviewed by Jeffrey Green
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