What are the rules pertaining to the exclusion from coverage of a driver living in household?

In the state of Indiana, a household exclusion clause in an automobile liability insurance policy is permitted under state law. Certain household exclusions free the insurance company McCullough and LeBoff from the responsibility of paying a claim. Because of this, it is important to examine your auto insurance carefully before you sign on the dotted line.

What are the rules regarding whether a driver has prior insurance? That is, how does state law handle it if a driver has no prior insurance or has let their previous insurance lapse?

In the state of Indiana, it you allow your insurance policy to lapse, you are driving without insurance. If you are caught driving without insurance, the penalties are stiff. You could end up paying $150-$300 in reinstatement fees and you could lose your license for 90 days up to a year. In addition to expensive fines and license suspension, Indiana motorists who allow their policies to lapse for any reason often must pay an initial 25%-50% percent surcharge for a new policy.

What are the rules and guidelines auto insurance companies must follow regarding the use of Personal Credit History in selecting applicants and setting rates?

In the state of Indiana, insurance companies are permitted to use Personal Credit History, specifically credit scores, to select applicants and set rates. Other factors Indiana auto insurance companies may use to determine rates and product offers include:

Age and Sex
Child Support
Car Use
Claims History
Deductibles
Driver Record
Driver Training
Marital Status
Place of Residence
Policy Limits
Type of Car

Is the state a No Fault or Tort state? What does either mean to the policy owner?

The state of Indiana follows a Tort liability system, so there are no restrictions on lawsuits. What this also means is, if you are involved in an accident, someone must be found traffic lawyers from https://aa-llp.com/ to be the cause or fault of the accident. The person deemed at fault is responsible for all damages. Damages are usually handled through the at-fault person’s insurance company. Because Indiana is a Tort state, most insurance companies recommend that driver’s consider carrying higher coverages than the state minimums.

What is the average auto insurance premium in this state? As of what year?

As of 2006, Indiana resident’s average insurance premium was approximately $631 the 43rd most expensive in the nation. This was down 4.0%  from the previous year. The national average was $817.

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