Reader’s Question:
The state where I came from requires drivers to have uninsured/underinsured motorist coverage (which I don’t know what for). I don’t know yet if they do the same here in Indiana, so can I opt not to have it? What else can I not have just to save on my auto insurance?
Garett
South Bend, IN
Uninsured motorist coverage would pay for any medical expenses that are caused by another driver who does not have auto insurance. Also, if you or your car becomes a victim of hit-and-run, uninsured coverage will also pay for the damage. For underinsured motorist coverage, this will pay for you and your car if you get into an accident where the other driver is at-fault and he/she doesn’t have enough car insurance to cover the damages. In this event, the at-fault driver’s insurance would pay out to its limits and then your underinsured motorist coverage will for the rest. These types of coverage are, luckily, not required in the state of Indiana. This means that you may opt not to have it, thus, saving on your auto insurance.
There are also some other things that you may opt not to have in order for you to save some money on your auto insurance. Some of these are towing and medical payments coverage because these things can be covered by other sources. For instance, if you have health insurance, this would pay for your medical bills. Therefore, it will not be necessary for you to have medical payments coverage as part of your auto insurance policy.
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