Full coverage car insurance is an insurance policy that combines different type of coverage to ensure you are covered in nearly any driving situation. For Indianapolis drivers, a full coverage policy is a huge advantage whether you are driving around I-465 in Indy or commuting to suburbs like Plainfield. Full coverage insurance policies typically include liability, collision, and comprehensive coverage for your vehicle.
Liability coverage is legally required and will cover property damage and injuries for the other driver/ property owner if you were to cause an accident. Collision coverage is going to cover the repair or replacement of your vehicle if it is damaged in an accident regardless of who caused the accident. Comprehensive coverage will cover your vehicle in situations like tornado damage, hitting a deer, or even theft. Coverage can vary between policies and our team at Hubler Financial Services is here to curate a full coverage car insurance policy to best meet your needs.
Is Full Coverage Car Insurance Required in Indiana?
While full coverage car insurance is not a legal requirement for drivers in Indianapolis, Indiana, it may be required by your lender for financed or leased vehicles. Often, proof of full coverage will be needed to secure financing on a vehicle. As a part of Indiana’s Giant Hubler Automotive Group, we can quickly and easily assist with securing a full coverage insurance policy during your car buying process. Although this coverage is not a legal requirement, like liability insurance is, it is highly recommended to protect your investment. If you only carry minimum liability insurance, you could be left without transportation in the event of a natural disaster or accident.
How Much is Full Coverage Insurance for Indianapolis Drivers?
Full coverage auto insurance in Indianapolis is typically in the $100 – $150 monthly range, but can be more or less depending on your individual circumstances. Those with a great driving record, high credit score, and a safe car living in a low theft neighborhood may pay $1,000 or less annually. Indy residents with a less than perfect driving record living in an area with high automotive theft rates may pay $1,500 or more annually.
Tips for Saving on Full Coverage Auto Insurance in Indianapolis:
Full coverage auto insurance doesn’t have to be expensive! The price for car insurance is going to vary widely depending on the car you drive, your driving history, your zip code, and your credit score. Below are a few ways you can save on your full coverage car insurance. Our insurance team is happy to shop dozens of insurance companies on your behalf to find you the best price.
- Bundle your insurance- bundling your car insurance with your home or renter’s insurance can help you save on both policies!
- Check for discount programs- many insurance companies offer discount programs for a variety of situations:
- Safe Driver discounts can lower your monthly payment if you are an experienced driver with a safe and clean driving record.
- Student discounts can apply to high school or college students who earn good grades and/ or have a good driving history.
- Low Mileage discounts may apply to you if you typically drive fewer miles than average- this is a great option for drivers who work from home and don’t have a daily commute.
- Defensive Driver discounts are awarded to drivers who complete a course about driving defensively to avoid accidents.
- Pay annually or biannually instead of monthly for a discounted insurance premium. This may not be an option for everyone, but if it is affordable for you this is a great way to save.
- Choose a car with good safety and security features. Cars that keep you safe and have lower theft rates are less risky for the insurer. Popular vehicle brands that are often less expensive to insure include Honda, Subaru, and Toyota. Brands that are known to have higher insurance rates include Kia, BMW, and Dodge/ RAM.
- Thinking of moving? Your insurance costs can be greatly influenced by your zip code. Indianapolis zip codes with lower insurance premiums include 46280 near Carmel, 46259 in Franklin Township, and 46237 near Southport and Beech Grove. Areas with higher theft, vandalism, and accidents will result in higher insurance premiums.
Full Coverage insurance is a wise investment for drivers who live in or commute to Indianapolis. From distracted drivers in downtown Indy to flooding risks near the White River, there are many risks to your vehicle that may not be covered by basic liability coverage. By working with one of our insurance agents, you can rest assured that you are getting the coverage that meets your needs at the most competitive price. Our Indianapolis insurance agency works with top carriers like Geico, Ohio Mutual, Progressive, AAA, and dozens of others. Call us at (317) 851-5781 to get started on your quote or visit our office at 8202 US-31 S on the south side of Indianapolis, just 1 mile north of the Greenwood Park Mall.