Best cheap car insurance in Kokomo

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Indiana is home to almost 4.6 million licensed drivers. Kokomo drivers are relatively safe, but local patrols occasionally patrol the streets in search of aggressive drivers responsible for two of the most common causes of accidents in the area — failing to yield and tailgating.

The best car insurance Kokomo premiums are relatively low. Average rates for the city are $383 for basic and $1,202 for full car insurance, but there may be ways to save on car insurance, if you know how to take advantage of discounts. Bankrate’s research found the following four companies have the best cheap car insurance in Kokomo.

Best car insurance companies in Kokomo

To find the cheapest car insurance Kokomo rates, look at the following car insurance companies. They came back with the lowest average rates in 2021 for the area and rank high with customers.

Insurance company J.D. Power customer satisfaction score Average annual premium for minimum coverage Average annual premium for full coverage
Auto-Owners 845 / 1,000 $302 $1,030
Grange 832 / 1,000 $265 $831
Indiana Farmers 849 / 1,000 $319 $966
USAA 897 / 1,000 $242 $774

Auto Owners

Auto Owners is unique because the insurer bundles some of its most popular insurance coverages into the Personal Automobile Plus package. It includes basic coverage in Kokomo plus a few handy extras, such as lost or stolen key replacement, identity theft coverage and mobile phone insurance. Collision Coverage Advantage saves you money on deductibles by waiving it if you strike an animal or have an accident with another Auto Owner policyholder.


Grange ranks as one of the best cheap car insurance in Kokomo companies for having the second-lowest average car insurance premiums for minimum and full coverage. One of the reasons may be the unique discounts. You might receive special discounts if you’re a young driver, if you enroll for OnTrack telematics or if you are recently separated or divorced.

Indiana Farmers

Indiana Farmers is one of the best insurance companies for area residents. There are hundreds of agents available in Indiana ready to help you with all your car insurance needs. You can expand on basic car insurance by adding gap coverage, rental car insurance and roadside assistance for a customized policy that works for your individual needs.


USAA has the lowest insurance rates and highest customer ratings of all carriers providing car insurance in Kokomo, Indiana. USAA has one big drawback — coverage is only available to individuals who can qualify for membership. To become a member, you will need to be a veteran, retired or active duty military or an eligible family member.

Cheapest car insurance in Kokomo

The average cost of car insurance in Indiana is $367 for minimum coverage and $1,254 for full coverage. Kokomo’s rates are about the same as the rest of the state’s. Nevertheless, you can still save on car insurance by taking the time to get car insurance quotes in Kokomo to compare. Consider the following companies providing the cheapest average rates.

Insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $242 $774
Auto-Owners $302 $1,030
Geico $321 $1,131
State Farm $328 $866
Erie $328 $991

USAA is only available for military personnel and family. For the next-cheapest rates for basic coverage, try Auto-Owners and Geico. If you lease your vehicle or plan on financing one, State Farm and Erie Insurance are the cheapest carriers for full coverage.

Remember that your rate will vary based on personal factors.

Kokomo insurance requirements

To legally drive in Indiana, you’ll need a minimum amount of liability coverage:

  • Bodily injury: $25,000 per person and $50,000 per accident
  • Property damage: Minimum of $25,000 per accident
  • Underinsured motorists bodily injury: $50,000 per accident

Liability coverage only pays for damages and injuries you cause to third parties. If you would like for your auto insurance to cover the cost of losses and repairs to your own vehicle, talk to your insurance agent to see if full coverage is more of what you want.

Car insurance discounts in Kokomo

Save on your car insurance in Kokomo by taking advantage of discounts that can make a difference to your household budget.

  • Accident forgiveness: Having a ticket or accident excused can keep your premiums from increasing.
  • Bundling: Buying home, renters and auto coverage with the same insurance company can simplify your bills and may save you money on your insurance needs.
  • Telematics: Some carriers have programs that can track your driving through an app installed on your smartphone. Signing up for telematics gives you the chance to earn cheaper premiums based on your current driving habits — and not your past record.
  • Multi-car: Grouping your household’s cars into one policy could reduce premiums for all the vehicles.

Frequently asked questions

What is the best car insurance company?

The best car insurance company in Kokomo depends on the type of coverage you need. Get several quotes and compare options to find the best for you.

How much does car insurance in Kokomo cost?

Average annual car insurance rates for Kokomo drivers are $383 for basic insurance and $1,202 for full coverage.

How much car insurance do I need in Kokomo?

Kokomo drivers need at least $25,000 per person and $50,000 per accident in bodily injury liability insurance, $25,000 in property damage coverage per accident and $50,000 for underinsured motorists bodily injury coverage.


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 clean 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 2019 Toyota Camry, 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.

Rates are determined based on 2021 Quadrant Information Services data.