The state of Indiana has 4,553,584 licensed drivers as of 2017 with 49.09% male and 50.91% 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.
The best car insurance companies in Indiana
The J.D. Power 2019 Insurance Shopping Study rates car insurers on a national basis for overall shopper satisfaction, policy offerings and price, among other factors. For overall shopper satisfaction in the Central U.S. segment of the 2019 Insurance Shopping Study, Erie Insurance was the category Award Winner, receiving five out of five “power circles.” Businesses scoring five power circles means are in the top ten percent of J.D. Power’s consumer satisfaction ranking factors, which means that consumers rank them “among the best” of the companies in the J.D. Power survey.
|Car Insurance Company||Overall Satisfaction||Policy Offerings||Price|
|Erie Insurance||5 out of 5||5 out of 5||5 out of 5|
|USAA||4 out of 5||5 out of 5||4 out of 5|
|Amica Mutual||4 out of 5||4 out of 5||4 out of 5|
|Auto Owners’ Insurance||4 out of 5||4 out of 5||4 out of 5|
|Auto Club of Southern California Insurance Group (AAA)||4 out of 5||4 out of 5||4 out of 5|
The best cheap car insurance companies in Indiana
The cheapest car insurance policies are usually reserved for drivers who have no tickets or accidents on their record. Even so, rates vary between car insurance companies and other factors like the kind of car you drive or where you live may affect your car insurance policy rates. Here are some of the cheapest rates we found in Indiana.
- Assurance America: $113/month for $25/$50k Bodily Injury, $25k Property Damage, $1k Collision
- Travelers Insurance: $121/month for $50/100k Bodily Injury, $50k Property Damage, $1k Collision
- Esurance: $159/month for $50/$100k Bodily Injury, $50k Property Damage, $1k Collision
- Dairyland: $177/month for 50/100k Bodily Injury, $50k Property Damage, $1k Collision
The cheapest car insurance rates were found by using the same test case while searching for car insurance quotes. These results are for a married woman with a good driving record, good credit and a bachelor’s degree driving a financed 2016 Honda Accord EX sedan.
Finding the right cheap car insurance in Indiana for you
Finding the least expensive car insurance policy for your needs depends on the kind of driver you are, and your individual coverage needs. When considering car insurance companies, you may want to consider their rating with the Better Business Bureau and their reputation with customers for how they handle claims. As a guideline, here are the cheapest car insurance policies we found in Indiana for different kinds of drivers. The rates fluctuate by insurance company and various sample coverages per driver type:
Cheapest car insurance for students
Geico: $987 average for a 6-month premium for a 17-year-old
Cheapest car insurance for people with bad credit
Geico: $963 a year
Cheapest car insurance for people with speeding tickets (11-15 MPH above the limit)
Allstate: $860 for a 6-month premium
Cheapest car insurance for people with at-fault accidents
Allstate: $945 for a 6 month premium
Cheapest car insurance for people with DUIs
Allstate: $1,371 for a 6-month premium
Average car insurance cost in Indiana
Here are the cheapest car insurance average annual costs for different types of drivers in Indiana:
|Driver Type||Insurance Company||Average Annual Cost|
|Had One Car Accident||Allstate||$2,072- $2,324 for $1,000-$2,000 in damage|
|Bad Driving Record (DUI)||Allstate||$2,742|
|Has a Teen Driver||Allstate||$2,790|
|By Credit Score||Farmers||$1,362|
|By Insurance History||GEICO||$1,582|
|By Primary Vehicle Use||Allstate||Pleasure $1,576
|By Mileage||Allstate||0-7,500 Miles: $1,508
15,501 Miles and Up $1,602
Source: The Zebra
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.
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%.
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 can save on your car insurance policy by having an anti-theft device such as a car alarm or vehicle disabling or tracking device installed in your car,saving you about $11/year.
Military discounts are available for active or retired members of the military and their families.
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.
State minimum insurance requirements in Indiana
Minimum car insurance coverage requirements in Indiana must include $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 and $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 an car insurance policy through the voluntary market.
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.