Best Car Insurance in Indiana of 2020

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The state of Indiana has 4,589,405 licensed drivers as of 2018, with 49.10% male and 50.90% female drivers. In terms of overall driver safety in 2018, Indiana drivers rank among the best, which is why average car insurance rates in Indiana are lower than the national average.

When shopping car insurance policies, they may seem expensive. It pays to consider the kinds of coverages and amounts you want to include in your policy, and the deductible amount per policy coverage type.

Best car insurance companies in Indiana

The J.D. Power 2020 Insurance Study rates car insurers on a regional basis for billing process and policy information, claims, interaction, policy offerings, and price to find the company with the best overall customer satisfaction. Based on data from this study, GEICO is the best car insurance company for all drivers in the North Central region, which includes Indiana.

Car Insurance Company J.D. Power Score (out of 1,000) Average Annual Premium for Minimum Coverage Average Annual Premium for Full Coverage
USAA 897/1000 $225 $853
GEICO 851/1000 $266 $1,025
Indiana Farm Bureau 849/1000 $343 $1,207
Erie 846/1000 $297 $1,017
Auto-Owners Insurance 845/1000 $266 $1,090

USAA

USAA is one of the top-rated insurance companies nationwide, with excellent customer satisfaction, pricing, coverage options and discounts. USAA insurance is only available to military members and their extended families, meaning some drivers won’t qualify for coverage. But for those that do, USAA is a renowned provider in both quality and rates.

GEICO

GEICO really stands out when it comes to car insurance for many reasons. First, the company is second only to USAA in terms of customer satisfaction. GEICO is also well-known in the industry for having some of the lowest rates available. The company offers a wide array of discounts to help customers lower their premiums even more. Unfortunately, the company lacks many of the coverage options other companies offer. GEICO doesn’t offer gap insurance, accident forgiveness or rideshare coverage.

Indiana Farm Bureau

If supporting local businesses is important to you, then Indiana Farm Bureau Insurance might be right for you. Despite being smaller than its counterparts on this list, the company ranks near the top in terms of customer satisfaction for the North Central region. Indiana Farm Bureau is particularly popular with drivers in Indiana — it accounts for an impressive 7.3% of the car insurance market share in Indiana, according to the Insurance Information Institute.

Erie

Erie also ranked well above average when it came to overall customer satisfaction, and it’s not hard to see why. The company offers an impressive array of discounts and coverage options. One of Erie’s best offerings is its Erie Rate Lock, which guarantees that your rate won’t increase just because of a claim on your policy.

However, a downside of Erie is that it falls behind its competitors in terms of digital tools. You can’t file most claims online — you’ll have to contact your Erie agent or the Erie helpline. In fact, a 2019 J.D. Power Digital Experience Survey placed Erie second-to-last on the list for digital service.

Auto-Owners Insurance

Auto-Owners Insurance is a solid option for car insurance, offering highly-rated customer satisfaction. The company offers many coverage options to choose from, including gap insurance, diminished value coverage and new car replacement. However, it’s important to note that Auto-Owners Insurance doesn’t provide quotes online at this time. You will have to find a local agent to get a quote and sign up for insurance.

Average cost of car insurance in Indiana

Indiana is one of the more affordable states in the nation for car insurance, partially due to its low population density and competitive insurance market. Indiana drivers can expect to pay an average cost of just $354 a year for minimum liability insurance, and $1,281 a year for the average full coverage policy.

State minimum insurance requirements in Indiana

Minimum Indiana car insurance policies require the following:

  • $25,000 coverage for bodily injury to or death of one person
  • $50,000 coverage for bodily injury or death of up to two people per accident
  • $25,000 coverage for property damage liability per incident.

Bodily injury liability coverage helps to pay the medical expenses of someone who is injured in a car accident. Indiana’s minimum coverage provides for each person injured in an accident and a total coverage limit per accident. The property damage coverage pays for the property damage caused by a car accident.

All insured motorists are required to carry proof of financial responsibility with them at all times. The Indiana Bureau of Motor Vehicles (BMV) can request proof of coverage at any time. The BMV must request proof of coverage in these instances:

  • When a car accident report is filed with the BMV.
  • If a moving violation has been reported within a year of two previously reported moving violations.
  • Misdemeanors, felonies or other serious traffic violations.
  • Any traffic violation committed by a driver whose driving privileges were previously suspended for a policy lapse.

If you’re uninsured in Indiana and get into a car accident, you might not be compensated for your pain and suffering. Indiana law prevents most uninsured motorists from being compensated for pain and suffering in the event of an accident that causes bodily injury or property damage.

Drivers who have been denied car insurance coverage can apply for the Indiana Auto Insurance Plan through any insurance broker in the state of Indiana. The Indiana Auto Insurance Plan is for drivers who have had accidents, policy lapses, credit issues or other risk factors that prevent them from acquiring a car insurance policy through the voluntary market.

Car insurance discounts in Indiana

There are some ways to shave a few dollars off your monthly car insurance premium. You may be able to save some money by bundling your car insurance policy with your renter’s or homeowner’s insurance policy. Bundling can save you an average of $72 to $110.

You might be able to get a discount for having certain features and equipment on your car. Devices such as airbags, anti-lock brakes and anti-theft systems can help you to lower your premiums.

You can take a defensive driving course to get a safe driver discount when you send the class completion certificate to your car insurance company.

You may also be eligible for discounts based on your affiliation with certain employers or membership groups. For example, federal employees and military members are eligible to save.

Some car insurance companies will remotely audit your driving by tracking your driving habits with a device that you install in your car for a few months. After the audit period concludes, your insurance company may discount your monthly premium by up to 40%.

Multi-car discounts are another way to save money on an insurance policy.

Many insurance companies give discounts for preferred payment types, such as pre-paying your insurance policy up-front for the year or a six-month period or setting up auto-pay.

Frequently asked questions

What is the cheapest car insurance in Indiana?

By comparing car insurance rates and averages for various driver types and insurance needs, the company that appeared at the top of our lists most often is Allstate.

What do I need to get car insurance in Indiana?

You will need to provide your driver’s license number, car make, model and year to your insurance company and answer their questions about your driving history.

Can I get a car insurance policy if I have had speeding tickets, accidents or a DUI?

Yes, you can buy a car insurance policy if you have speeding tickets, accidents or a DUI on your record. You will typically pay a higher premium than you would if you had a good driving record.

What if the insurance company turns me down, can I still get car insurance?

Yes, drivers who have been denied coverage by one or more insurance companies can apply for the Indiana Auto Insurance Plan through any insurance broker in the state of Indiana. The Indiana Auto Insurance Plan is for drivers who are deemed too high-risk by insurance companies for one or more reasons such as: policy lapses, bad credit, accidents, too many traffic violations, DUIs and other issues.

Methodology

Bankrate utilizes Quadrant Information Services to analyze rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a cleaning driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our sample drivers own a 2018 Honda Accord, commute five days a week and drive 12,000 miles annually.

These are sample rates and should be used for comparative purposes only. Your quotes may be different.