Vehicle owners in Brazil, IN, are required by state law to have car insurance. From fender benders on Forest Avenue to multi-car collisions on National Avenue, a solid auto insurance policy can prevent you from facing large financial losses as the result of an accident.
Finding the best and most affordable car insurance is easy when you work with a local independent agent. These agents can help you obtain and review customized car insurance quotes from several of the area’s top insurers. Contact an insurance agent near you to get started.
How Much Does Car Insurance Cost in Brazil, IN?
If you are looking for an affordable car insurance policy, you will be happy to learn that the average cost of car insurance in Indiana is lower than the national average rate. Comparing quotes from a few competing insurance companies enables you to get your policy at the best possible price.
- National average annual car insurance cost: $1,311
- Indiana average annual car insurance cost: $1,033
Keep in mind that averages can only give you a general idea of what you will actually be expected to pay. Car insurance costs vary from one driver to the next because they are based on several factors.
- The make, model, and year of the vehicle(s) you are insuring
- Your age, occupation, marital status, and driving record
- Information about the other licensed drivers in your household
- Whether you own or rent your home
- The amount of liability coverage you are purchasing
- The coverage options you are including in your policy
- The size of your deductible
You can often earn rate reductions if you bundle your car insurance with other policies like home insurance or renters insurance. Many insurance companies also offer other money saving incentives like safe driver discounts and good student discounts.
A local independent insurance agent can make sure that you receive any discounts for which you may be entitled.
What Are the Minimum Car Insurance Requirements for Vehicle Owners in Brazil, IN?
Every state has its own minimum coverage requirements for auto insurance. In Indiana, all car insurance policies must include liability insurance. The state also requires uninsured motorist insurance, but policyholders are permitted to opt out of this coverage if they do so in writing.
Liability insurance is designed to pay for other people’s damage and medical bills if you cause an accident. Uninsured motorist insurance ensures that you will receive compensation for your injuries and property damage if someone who causes an accident with you lacks insurance coverage.
The following is the minimum coverage your Brazil car insurance must have.
- Bodily injury liability insurance: $25,000 per person/$50,000 per accident
- Property damage liability insurance: $25,000 per accident
- Uninsured/underinsured motorist bodily injury insurance: $25,000 per person/$50,000 per accident
- Uninsured motorist property damage insurance: $25,000 per accident
If you cause an accident for which the costs exceed your coverage limits, you will be expected to make up the difference out of pocket. That is why many drivers in Brazil opt to purchase car insurance that has higher-than-required liability limits.
What Else Can Brazil Car Insurance Cover?
In addition to the mandatory coverage mentioned above, your car insurance provider will also offer optional coverage that you may want to include in your Brazil auto insurance policy. These options include the following.
- Collision insurance: This can pay to repair or replace your vehicle if is it damaged or totaled in a collision, regardless of fault.
- Comprehensive insurance: This can pay to repair or replace your vehicle if it is damaged or totaled due to a non-collision hazard like a falling object or a flood.
- Medical payments insurance: This can pay for medical bills you or your passengers accrue due to a collision, regardless of fault.
- Roadside assistance and towing insurance: This can pay for assistance if your car becomes disabled while you are out on the road, such as if you run out of gas or get a flat tire.
- Gap insurance: This can make up the difference between what your car is worth and what you currently owe for it if it is totaled due to a covered event.
- Umbrella insurance: This is an affordable way to significantly increase your liability coverage if you wish that you have more than your car insurance policy can provide.
- Rental car reimbursement: This can pay for the cost of renting a vehicle while your car is being repaired following a covered event.
Talk to a local insurance agent for help deciding which, if any, of these coverage options are good fit for you and your family.
What Is the Penalty for Driving without Insurance in Brazil, IN?
Driving without insurance in Indiana is illegal. If caught, you can be penalized with fines up to $1,000, suspension of your driver’s license for up to one year, and higher car insurance rates. Despite this, approximately one out every six drivers on the roads in this state is operating an uninsured vehicle.
- Percentage of US drivers who are uninsured: 13.0%
- Percentage of Indiana drivers who are uninsured: 16.7%
If you are involved in a collision caused by an uninsured driver, that person is responsible for compensating you for your medical costs and damage. However, this money can be extremely difficult to collect, especially if the at-fault driver simply has no money or assets to go after.
Uninsured motorist insurance was created to solve this problem. It ensures that you can receive timely compensation for your injuries and property damage without the need to take legal action.
After compensating you, your insurance company will attempt to collect the money owed from uninsured driver and will absorb the losses if unsuccessful.
Does Brazil Car Insurance Cover against Auto Theft?
The auto theft rate in the state of Indiana is the same as the national average. In Brazil, the rate is slightly lower. Residents of this city report about 15 vehicle thefts a year.
- National auto theft rate per 1,000 vehicles: 2.29
- Indiana auto theft rate per 1,000 vehicles: 2.29
- Brazil auto theft rate per 1,000 vehicles: 2.22
It is important to be aware that you can only get reimbursed for a stolen vehicle if your car insurance policy includes comprehensive (or “other than collision”) coverage.
If you are still paying for your car or have it on a lease, chances are good you already have this insurance. If not, you can talk to an independent insurance agent to find out how much it will cost you to include comprehensive coverage in your Brazil car insurance policy.
Why Work with an Independent Insurance Agent in Brazil, IN?
If you are looking for the best car insurance policy to meet your coverage and budgetary needs, an independent agent can help. These agents work for you, not for a particular insurance company, so they are free to shop around to find you the coverage you need at a price you can afford.
Contact an insurance agent with an office in or near Brazil to get answers to your insurance-related questions. You can start comparing customized car insurance quotes in no time.
TrustedChoice.com Article | Reviewed by Jeffrey Green
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