Car Insurance Indianapolis-Why Coverage Differs Between Companies?
Shopping for Car Insurance in Indianapolis or Any Part of Our State?
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Here is the challenge you face when searching for car insurance in Indianapolis: We might mistakenly conclude no differences exits between carriers, except the price we pay!
This notion could not be further from the truth!
Indianapolis Car Insurance Policies Do Not Necessarily Cover the Same Things Even If the Limits Are Identical!
Some insurance buyers may not be aware there can be significant differences in coverage between companies, even if the limits of liability, property coverage amounts, and deductibles are identical.
The reason why this occurs is because insurance companies are allowed to place terms, conditions, and exclusions that can be different between companies. It is up to the insurance buyer to read the fine print of the insurance policy to understand what is or is not covered.
Let’s consider two different examples.
Car Insurance Example
Your son, Stephen, is discharged from the military and is temporarily living with you and he borrows your vehicle only occasionally. Stephen is not listed on your policy due to the large number of tickets and accidents on his record. You assume that as long as you give him permission to use your vehicle he will be covered.
Stephen may or may not be covered if he causes an accident in your vehicle!
It all depends on whether or not your company allows permissive use, and if they consider him a resident of your household.
This Is How One Policy Reads:
We exclude coverage for bodily injury or property damage resulting from the ownership maintenance or use of any vehicle by any resident, including a family member, of your household who is not listed on the declarations page as a driver or operator.
This Is How Another Policy Reads:
Insured Person(s) means:
While using your insured auto:
- a. you,
- b. any resident,
- c. and any other person using it with your permission.
This Is Why You Can’t Judge an Insurance Policy by the Price You Pay!
One company may cover a permissive usage driver living with you and not listed on your insurance policy, but another company may deny the claim!
There are many such differences between insurance companies for car insurance! What about homeowners insurance?
Click on homeowners insurance differences to review another claims scenario.
Need Better Options for Car Insurance in Indianapolis?
Call 765-477-0303 or 866-440-0303 and consult with one our licensed agents, or click here to submit your information to us for an insurance quote.
Insurance quotes are also available in the following areas:
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