Short Description: Six Basic Auto Insurance Coverages: Bodily Injury Liability Insurance, Medical Payments Insurance, Uninsured Motorists, Property Damage Liability Insurance, Comprehensive Physical Damage Insurance, Collision Insurance..Content Inside: How Are Rates Determined?
Automobile insurance rates are based mainly on the dollar amount of claims paid out by insurance companies. The more insured accidents people have, the more claims insurance companies must pay. The more dollars paid in claims, the higher the cost of your auto insurance...
“Good Student” Discounts
In Indiana, many companies offer young drivers a “good student” discount of up to 25 percent on auto insurance rates.
Indiana’s Driver’s License Point System
Points are also taken into consideration when insurance companies determine the premium cost for auto insurance for a driver. If a person has moving violations on his or her driving record, insurance companies will generally charge that person more for his or her insurance.
Auto Insurance for Indiana’s Young Drivers
Content of Page: 4 Pages
Source: na.iiaa.org
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