Terre Haute Car Insurance

Your Complete Guide to Terre Haute, IN Car Insurance

Car on summer day at park

Terre Haute is located alongside the Wabash River in western Indiana, about 75 miles west of Indianapolis. It is home to Indiana State University, as well as several other institutions of higher learning.

Visitors to Terre Haute can find the “Crossroads of America” at the intersection of 7th and Wabash, otherwise known as US 40—which stretches from California to Maryland—and US 41—which stretches from Michigan to Miami. 

Whether you’re driving through town on your way to work or heading out of town on the Interstate, car accidents can happen to anyone who lives and drives in Terre Haute. Even the most careful drivers are at risk. 

But with a reliable car insurance policy, you can have peace of mind. Car insurance protects you from the costs of auto accidents that you cause. And certain policy options can also protect you if your car is damaged by falling objects, theft, or vandalism.  

Car insurance can sometimes be confusing, but a local independent insurance agent can help you find the best policy for your needs and budget. 

How Much Does Car Insurance Cost in Terre Haute, IN?

Indiana is the 41st most expensive state for car insurance. Car insurance rates in Terre Haute are higher than both the state and national averages. 

  • National average annual car insurance cost: $1,311
  • Indiana average annual car insurance cost: $1,033
  • Terre Haute average annual car insurance cost: $1,384

Terre Haute car insurance may seem expensive, but no one should overpay. If you shop around, you might find rates that are a better fit for your budget.

Before you shop, you should know that the cost of car insurance is based on your personal characteristics, such as where you live, the make and model of your car, and how far you drive to work or school every day. 

Insurance companies also consider a variety of other risk factors, such as: 

  • Your age and gender
  • Your driving history
  • The number of cars and drivers in your household

The type of car you drive is one of the biggest factors in determining your car insurance premium. If you drive a powerful muscle car, expect to pay more than your neighbor who drives a used minivan. 

Any car that is more likely to get into an accident or is more expensive to repair or replace will cost more to insure. 

With the help of a local independent insurance agent, you can review quotes from multiple insurance companies to be sure you are betting the best deal. 

What Are the Car Insurance Requirements in Indiana?

If you own a vehicle in Indiana, you are required to purchase auto insurance. You must have the following coverage—at a minimum—in order to comply with the law: 

  • Liability insurance, which covers bodily injury and property damage to third parties for accidents that you cause and are determined to be at fault for
    • Bodily injury (BI) liability coverage of at least $25,000 per person/$50,000 per accident
    • Property damage (PD) liability coverage of at least $25,000 per accident

While the minimum liability limits may seem like great coverage, a minimum-coverage policy may leave you seriously underinsured. If you cause a major collision, you will have to pay out-of-pocket for all of the expenses that exceed your coverage limits. 

These expenses can include medical bills for other drivers and passengers, vehicle repair costs, and even attorney fees and settlements or judgments levied against you if you are sued for negligence. 

Many drivers purchase liability coverage limits that are higher than the state requirements. If you want even more liability protection, you can purchase umbrella insurance, which offers protection beyond the limits of your auto insurance policy. 

An independent insurance agent can help determine how much liability coverage is necessary to adequately protect you and your family. 

What Else Can a Terre Haute Car Insurance Policy Cover?

If you want coverage for your own vehicle, you’ll need to purchase optional coverage like comprehensive coverage and collision coverage. What’s more, insurance companies offer a variety of other types of coverage to help you build a comprehensive auto insurance policy that appropriately covers your risks. 

  • Uninsured motorist coverage (UM): Pays for your own medical expenses that the other driver would have been responsible for if they had car insurance.
  • Underinsured motorist coverage (UIM): Pays for your expenses when the at-fault driver has car insurance but it is insufficient to cover your expenses.
  • Medical payments, or personal injury protection (PIP): Pays for your own medical expenses following an accident, even if you are at fault. 
  • Collision coverage: Pays to repair or replace your vehicle if it is damaged or totaled in an accident, even if the collision was your fault. This optional coverage is typically required by lenders if you are still paying for your car and by dealerships if you are leasing it.
  • Comprehensive coverage: Pays to repair or replace your vehicle if it is damaged in a non-collision event such as a flood, fire, or falling object. It also covers theft and vandalism. This optional coverage is typically required by lenders if you are still paying for your car and by dealerships if you are leasing it.
  • Towing and roadside assistance: Pays for the cost of assistance if your vehicle becomes disabled while you are out on the road.
  • Rental car reimbursement coverage: Pays for the cost of renting a vehicle while repairs are being made to your car following a covered event.

Talk to your insurance agent to learn more about each of these coverage options and for help deciding whether they are a good fit for you.


Why Get Coverage against Uninsured Motorists in Terre Haute?

Driving without insurance is against the law in Indiana, yet many drivers continue to drive without coverage. In fact, over 16% of drivers in Indiana fail to purchase car insurance.

  • How many US drivers are uninsured? 12.6%
  • How many Indiana drivers are uninsured? 16.7%

If an uninsured driver causes an accident, the other driver is on the hook for the cost of vehicle damage and injuries. 

That’s when uninsured motorist coverage becomes essential. This insurance coverage will pay to fix your damaged car and handle your medical bills if a driver who does not have insurance hits you.

Uninsured motorist coverage is not mandatory in Indiana

Can Car Insurance Cover Vehicle Thefts in Terre Haute? 

The auto theft rate in Terre Haute is higher than both the state and national averages. This may account for higher-than-average car insurance rates in some ZIP codes where property crimes are more prevalent. 

  • National auto theft rate per 1,000 vehicles: 2.94
  • Indiana auto theft rate per 1,000 vehicles: 2.22
  • Terre Haute auto theft rate per 1,000 vehicles: 5.7

If you live in Terre Haute, keep in mind that your car can be stolen anywhere you go and even from your own driveway. 

But with car insurance, you can sleep easy knowing that if you are a victim of auto theft, you can get assistance and payment quickly, so you can get back to your life. The comprehensive portion of your car insurance policy reimburses you for your losses after a vehicle theft or a break-in.

Meanwhile, it’s pretty easy to keep your car safe from thieves. Park in safe, well-lit areas, never leave your car running while unattended, and always lock your car—even in your own driveway.

And if you drive a car with an alarm or another anti-theft device, ask your insurance agent if you qualify for a special discount on your car insurance. 

Why Contact an Independent Insurance Agent in Terre Haute? 

Independent insurance agents are insurance professionals who can explain your coverage options, answer your questions, and provide you with customized car insurance quotes from multiple insurance companies. With the help of an independent agent, you can make an informed choice. 

Start your search by contacting an independent agent in Terre Haute.



Sources © 2019, Consumer Agent Portal, LLC. All rights reserved.

http://www.naic.org/prod_serv/AUT-PB-14.pdf

http://www.city-data.com

© 2019, Consumer Agent Portal, LLC. All rights reserved.

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