Cheapest Car Insurance For College Students in Indiana 2026
State Farm is one of the best car insurance companies for college students in Indiana. GEICO is the cheapest provider, with an average annual rate of $1,668.
We’ve saved shoppers an average of $600 per year on their car insurance.
Drivers under 25 often face the steepest insurance costs, and for college students in Indiana, this can make finding budget‑friendly coverage especially challenging. Insurers typically view younger drivers as higher risk, which drives premiums up compared to other age groups.
To help students cut through the noise, we analyzed the leading providers in Indiana. GEICO emerged as the most affordable option for student drivers, with average annual rates around $1,668. For those seeking broader protection, Pekin Insurance offers the lowest full coverage policies, averaging $1,624 per year. Together, these carriers stand out as strong choices for Indiana college students who want reliable coverage without straining their budgets.
Key Takeaways
Student drivers in Indiana must have car insurance that meets the state’s minimum requirements.
GEICO offers the cheapest insurance policy for students in Indiana, at an average annual rate of $1,668.
There are multiple ways to reduce the cost of car insurance for students in Indiana.
Best Car Insurance Companies For College Students In Indiana
When selecting car insurance for college students in Indiana, you need to consider your priorities and pick a policy that matches your needs, whether that is low rates or comprehensive coverage.
Use the table below to see our picks for the best auto insurers for students in Indiana.
| Company | Average Rate Per Year |
| GEICO | $1,668 |
| Erie Insurance | $2,112 |
| State Farm | $1,824 |
| Allstate | $2,232 |
| Progressive | $1,968 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Cheapest Liability-Only Car Insurance For College Students In Indiana
Minimum coverage policies are often an effective way to decrease overall costs, but can leave you vulnerable in an accident. These low-cost plans will only cover the state minimum insurance needed to operate a vehicle, which means paying expenses out of pocket.
Minimum coverage policies are great options for college students as they provide the insurance needed to drive legally while keeping costs low.
As you can see from the table below, GEICO is the cheapest average option at $504 per year.
| Company | Average Rate Per Year |
| State Farm | $564 |
| Auto-Owners | $636 |
| GEICO | $504 |
| Erie | $660 |
| Progressive | $612 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Cheapest Full Coverage Car Insurance For College Students In Indiana
College students who commute to campus or routinely drive for work should consider a full coverage policy over minimum coverage. These plans offer additional protection, often including liability, comprehensive, and collision coverage.
While the full coverage policies offer more protection, they come at a higher cost. It’s essential to weigh the benefits of the additional insurance against the extra monthly cost.
Pekin Insurance is the cheapest full coverage car insurance policy for students in Indiana, at an average annual rate of $1,624.
| Company | Average Rate Per Year |
| State Farm | $1,862 |
| Pekin Insurance | $1,624 |
| Progressive | $1,980 |
| GEICO | $1,745 |
| USAA | $1,800 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Cheapest Car Insurance For College Students With Low-Mileage In Indiana
If you’re a college student who doesn’t plan on driving much throughout the school year, there’s no reason to pay for insurance you don’t need. While you’ll still need to maintain the state minimum auto insurance, most low-mileage policies offer discounted rates if you stay below a certain number of miles yearly.
The limit will vary between insurance companies but is usually around 7,500 to 10,000 miles annually.
Use the table below to view the cheapest low-mileage rates for college drivers in Indiana.
| Company | Average Rate Per Year |
| GEICO | $1,056 |
| Nationwide | $840 |
| Progressive | $1,104 |
| State Farm | $1,176 |
| Allstate | $900 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Cheapest Car Insurance For College Students With Driving Violations In Indiana
Driving violations can significantly increase the amount a driver pays for monthly coverage, regardless of age. College students will likely experience an even more significant rate increase after an accident or ticket due to their already high-risk rating.
One way to mitigate the damage of a driving violation is to work with a company like Indiana Farmers Mutual that specializes in insuring motorists with a history of tickets or accidents.
| Company | Average Rate Per Year |
| American Family | $1,560 |
| Progressive | $2,048 |
| State Farm | $1,684 |
| Indiana Farmers Mutual | $1,385 |
| GEICO | $1,860 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Average Cost Of Car Insurance For College Students In Indiana – By City
Where you live in Indiana can have a significant impact on your car insurance premiums.
Use the table below to view average rates for different cities in Indiana.
| City | Average Monthly Cost |
| Evansville | $183 |
| Bloomington | $185 |
| South Bend | $190 |
| Indianapolis | $211 |
| Fort Wayne | $175 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Average Cost Of Car Insurance For 18-Year-Old College Students In Indiana
GEICO offers the cheapest rates for 18-year-old college drivers in Indiana, at an average monthly cost of $216.
| Car Insurance Provider | Average Monthly Cost |
| GEICO | $216 |
| Progressive | $245 |
| Allstate | $267 |
| State Farm | $232 |
| Erie | $255 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Average Cost Of Car Insurance For 19-Year-Old College Students In Indiana
GEICO provides the cheapest policy for 19-year-old college students in Indiana, averaging $203 per month.
| Car Insurance Provider | Average Monthly Cost |
| Erie | $244 |
| State Farm | $220 |
| GEICO | $203 |
| Allstate | $258 |
| Progressive | $235 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Average Cost Of Car Insurance For 20-Year-Old College Students In Indiana
The cheapest auto insurance rates for a 20-year-old college driver can be found with GEICO, averaging $191 per month.
| Car Insurance Provider | Average Monthly Cost |
| Progressive | $226 |
| Erie | $230 |
| GEICO | $191 |
| Allstate | $245 |
| State Farm | $205 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Average Cost Of Car Insurance For 21-Year-Old College Students In Indiana
The most affordable college student car insurance policy for a 21-year-old can be found at GEICO, with an average monthly cost of $177.
| Car Insurance Provider | Average Monthly Cost |
| Erie Insurance | $215 |
| GEICO | $177 |
| Allstate | $225 |
| State Farm | $194 |
| Progressive | $206 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Average Cost Of Car Insurance For 22-Year-Old College Students In Indiana
22-year-old student car insurance can be found from $165 per month, with a GEICO auto policy.
| Car Insurance Provider | Average Monthly Cost |
| Progressive | $195 |
| Allstate | $211 |
| GEICO | $165 |
| State Farm | $189 |
| Erie Insurance | $202 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Average Cost Of Car Insurance For 23-Year-Old College Students In Indiana
23-year-old college drivers can find affordable insurance from GEICO at an average monthly cost of $156.
| Car Insurance Provider | Average Monthly Cost |
| State Farm | $173 |
| Allstate | $207 |
| Erie | $192 |
| GEICO | $156 |
| Progressive | $185 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Average Cost Of Car Insurance For 24-Year-Old College Students In Indiana
The cheapest car insurance policy for a 24-year-old college student is $151 per month, which can be found with GEICO.
| Car Insurance Provider | Average Monthly Cost |
| Erie Insurance | $194 |
| State Farm | $166 |
| GEICO | $151 |
| Allstate | $208 |
| Progressive | $180 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Average Cost Of Car Insurance For 25-Year-Old College Students In Indiana
GEICO offers the cheapest auto policies for 25-year-old college students in Indiana at $140 per month.
| Car Insurance Provider | Average Monthly Cost |
| Allstate | $195 |
| GEICO | $140 |
| Progressive | $172 |
| Erie Insurance | $187 |
| State Farm | $155 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Average Cost Of Car Insurance On Family Policy Vs. Individual Policy
| Insurance Company | Family Policy | Individual Student Policy |
| State Farm | $125 | $230 |
| GEICO | $115 | $215 |
| Allstate | $150 | $265 |
| Erie Insurance | $140 | $255 |
| Progressive | $135 | $245 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
How Can College Students Save Money On Car Insurance In Indiana
Car insurance in Indiana can be a major expense for college students. Premiums are often higher for younger drivers compared to those in their late 20s, which makes affordability a challenge. If staying on a parent’s policy isn’t possible, students need practical strategies to cut costs and keep monthly payments manageable.
Used vs. New Vehicles
While a new car might feel like the perfect graduation gift, it usually comes with higher insurance costs. Because newer models are more expensive to repair or replace, insurers raise premiums to reflect the added risk. Choosing a reliable used car can save hundreds of dollars annually. For example, insuring a modest used sedan may cost significantly less than covering a new SUV.
Security And Safety Improvements
Adding safety features to your vehicle can directly lower your insurance bill. Anti-theft devices such as alarms or steering wheel locks may reduce premiums by up to $5%. Insurers view these upgrades as lowering the likelihood of claims, which makes them more willing to cut costs.
Affiliation Discounts
Campus involvement can also pay off financially. Membership in fraternities, sororities, honor societies, or alumni associations may unlock exclusive discounts with certain insurers. These affiliation-based savings can trim premiums by $25–$75 annually, depending on the carrier.
Student Discounts
Indiana insurers often reward students who demonstrate responsibility both in and out of the classroom. Discounts may include:
- Good student discounts for maintaining strong grades
- Distant student discounts if you attend college far from home and rarely drive
- Safe driver discounts for keeping a clean record
- Driver’s education discounts for completing certified training
These savings can reduce premiums by $50–$100 per year depending on the provider.
How To Buy Car Insurance As A College Student In Indiana
For many Indiana college students, buying car insurance for the first time can feel overwhelming. Premiums are already higher for younger drivers, and understanding the state’s coverage requirements adds extra complexity. Fortunately, comparison platforms like Insuranceopedia make the process easier by letting you review multiple quotes in minutes. Here’s a step-by-step guide to simplify the experience:
Step 1: Compare Multiple Quotes
Start by reviewing at least three different quotes from insurers. Even small differences in coverage or discounts can save you $100–$300 annually. This ensures you’re not overpaying for the same level of protection.
Step 2: Decide How You’ll Purchase
Indiana students can buy policies online for speed and convenience or through a local agent for personalized guidance. Online platforms are transparent and quick, while agents may help uncover discounts you didn’t know existed.
Step 3: Gather Essential Information
Before applying, collect all necessary details such as your vehicle’s make and model, driver’s license number, personal information for anyone on the policy, and your driving history. Having this ready will streamline the process.
Step 4: Confirm Indiana Coverage Requirements
Indiana law requires drivers to carry minimum liability coverage. Make sure your policy meets these standards, and consider adding collision or comprehensive coverage if you want extra protection.
Step 5: Finalize And Notify Your Previous Insurer
Once you’ve chosen the best option, complete the purchase and inform your old insurance company about the switch. This prevents billing overlaps and ensures your new policy is active without gaps.
Do College Students Need Their Own Insurance, Or Can They Stay On A Parent’s?
For Indiana college students, the answer depends on where you live and how your vehicle is registered. While some students can remain on a family policy, others may need to purchase their own coverage.
When Students Need Their Own Policy
A student generally has to secure individual coverage once they establish a permanent address different from their parents. If you register your car at that new address or live off-campus full-time, insurers require you to carry your own policy. This ensures your coverage reflects your actual driving environment and risk profile.
Staying On A Family Policy
Unlike health insurance, auto insurance doesn’t impose an age cutoff. As long as you live at home or continue to use your parents’ permanent address while attending college, you can remain on their plan. This arrangement often saves money since family policies spread risk across multiple drivers and may qualify for bundle discounts.
Indiana Car Insurance Laws
Indiana is one of the many states requiring motorists to carry auto insurance if they plan on operating a vehicle. Most of the required coverages are similar to other places in the United States. Indiana drivers do not require Personal Injury Protection (PIP).
Indiana auto insurance requirements include:
- $25,000 bodily injury liability per person
- $50,000 bodily injury liability per accident
- $25,000 property damage liability per accident
- $25,000 uninsured/underinsured motorist bodily injury per person
- $50,000 uninsured/underinsured motorist bodily injury per accident
Compare College Student Rates To Other U.S. States
| State | Average Annual Premium |
| Alabama | $3,460 |
| Alaska | $3,276 |
| Arizona | $3,412 |
| Arkansas | $3,557 |
| California | $4,016 |
| Colorado | $3,937 |
| Connecticut | $3,325 |
| Delaware | $3,663 |
| Florida | $4,294 |
| Georgia | $3,570 |
| Hawaii | $3,117 |
| Idaho | $3,028 |
| Illinois | $3,132 |
| Indiana | $3,115 |
| Iowa | $3,230 |
| Kansas | $3,500 |
| Kentucky | $3,828 |
| Louisiana | $4,483 |
| Maine | $2,775 |
| Maryland | $3,346 |
| Massachusetts | $3,326 |
| Michigan | $3,952 |
| Minnesota | $3,511 |
| Mississippi | $3,608 |
| Missouri | $3,582 |
| Montana | $3,793 |
| Nebraska | $3,502 |
| Nevada | $3,660 |
| New Hampshire | $2,865 |
| New Jersey | $3,502 |
| New Mexico | $3,649 |
| New York | $3,470 |
| North Carolina | $3,341 |
| North Dakota | $3,265 |
| Ohio | $3,017 |
| Oklahoma | $3,738 |
| Oregon | $3,278 |
| Pennsylvania | $3,472 |
| Rhode Island | $3,661 |
| South Carolina | $3,422 |
| South Dakota | $3,880 |
| Tennessee | $3,277 |
| Texas | $3,643 |
| Utah | $3,425 |
| Vermont | $2,919 |
| Virginia | $3,069 |
| Washington | $3,208 |
| West Virginia | $3,605 |
| Wisconsin | $3,264 |
| Wyoming | $3,358 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Our Methodology
To find the cheapest car insurance rates for college students in Indiana, we analyzed findings from numerous car insurance rating sites, some of which analyzed rates from public filings obtained by Quadrant Information Services. We also utilize the combined twenty-five years of experience from our team of insurance experts to evaluate each carrier.
It’s important to note that even though the rates listed in this guide are accurate, premiums shift daily and can fluctuate based on each driver.
About Doug Schaffer
