Cheapest Car Insurance In Indiana For 2024
Auto-Owners is recognized as a leading insurance company, known for its competitive pricing and reliable services. Auto-Owners provides excellent options for both liability-only and full-coverage insurance plans.
We’ve saved shoppers an average of $600 per year on their car insurance.
Finding the cheapest car insurance in Indiana is not just about saving money; it’s about securing the right coverage at the best possible price to protect yourself, your vehicle, and your finances.
After more than ten years of studying car insurance policies closely, I’ve simplified my findings to assist you in understanding this complex market. In this guide, we’ll explore practical tips and insights on how to find the cheapest car insurance in Indiana. From understanding the factors that influence insurance premiums to leveraging discounts and comparing quotes effectively, we’ll delve into the intricacies of the insurance landscape.
Cheapest Car Insurance Companies In Indiana
Our Methodology
I've compiled an extensive analysis encompassing various factors such as customer service ratings, product offerings, pricing, and thorough assessments of online reviews and user experiences. This comprehensive examination has provided me with a deep understanding of the landscape of car insurance providers in Indiana.
Drawing from over 15 years of personal involvement in the insurance industry as a licensed casualty insurance agent in Indiana, as well as numerous interactions with representatives from different companies, I've gained valuable insights into the intricacies of purchasing car insurance in Indiana.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
Cheapest Car Insurance In Indiana For Minimum Coverage
Auto-Owners has the cheapest rates for minimum coverage car insurance in Indiana, offering average monthly rates at $21.
| Provider | Average Monthly Cost | Average Annual Cost |
| Auto-Owners | $21 | $254 |
| Pekin | $22 | $269 |
| Grange Insurance | $23 | $272 |
| Hastings Mutual | $24 | $283 |
| Encompass | $25 | $299 |
The minimum car insurance coverage in Indiana includes liability insurance for bodily injury and property damage. Bodily injury liability insurance covers the medical expenses, rehabilitation costs, and lost wages of the other party involved in an accident if you are found responsible for causing their injuries. This coverage helps pay for the injured person’s medical bills and related expenses, up to the limits of your policy.
Property damage liability insurance covers the cost of repairing or replacing someone else’s property that you damage in an accident for which you are at fault. This can include damage to vehicles, buildings, fences, or other structures. Property damage liability insurance helps protect you from having to pay out of pocket for these damages, up to the limits of your policy.
However, it’s important to note that these minimum coverages may not fully protect you in all situations. If the costs of an accident exceed your coverage limits, you could be held personally responsible for the remaining expenses. Additionally, minimum coverage does not include protections like comprehensive or collision coverage, which can help pay for damage to your own vehicle in certain situations.
In summary, while minimum coverage meets Indiana’s legal requirements, it may not provide sufficient protection in the event of a serious accident. It’s essential to carefully consider your insurance needs and potentially opt for higher coverage limits or additional protections beyond the minimum requirements.
Cheapest Car Insurance In Indiana For Drivers With Poor Credit
GEICO has the cheapest rates for drivers with poor credit in Indiana, offering average monthly rates at $102.
| Provider | Average Monthly Cost | Average Annual Cost |
| GEICO | $102 | $1,223 |
| USAA | $104 | $1,251 |
| Progressive | $140 | $1,684 |
| Indiana Farmers Mutual | $150 | $1,801 |
| Auto-Owners | $161 | $1,933 |
Car insurance for drivers with poor credit in Indiana can be challenging to obtain. Insurers often consider credit history as a factor when determining premiums. Poor credit can be seen as a red flag, suggesting a higher risk of filing claims. As a result, insurers may charge higher rates or offer limited coverage options to drivers with poor credit.
Drivers with poor credit may face higher premiums and fewer discounts compared to those with good credit. Some insurance companies may even deny coverage altogether or require a higher upfront payment. It’s essential for drivers with poor credit to shop around and compare quotes from multiple insurers to find the most affordable option. Additionally, taking steps to improve credit over time can help lower insurance premiums in the long run.
Cheapest Car Insurance In Indiana For Full Coverage
Hastings Mutual has the cheapest rates for full coverage car insurance in Indiana, offering average monthly rates at $71.
| Provider | Average Monthly Cost | Average Annual Cost |
| Hastings Mutual | $71 | $852 |
| Encompass | $89 | $1,073 |
| Auto-Owners | $99 | $1,186 |
| Pekin | $102 | $1,227 |
| Grange Insurance | $104 | $1,249 |
Full coverage car insurance offers a broader shield of protection compared to minimum coverage, making it a popular choice among drivers. This policy combines comprehensive and collision insurance, providing extensive coverage.
Comprehensive insurance covers non-collision incidents like theft, vandalism, and natural disasters. Collision insurance steps in for damages from accidents, no matter who’s at fault.
This two-part approach ensures drivers are safeguarded in various situations, from accidents to unexpected damages. It’s especially beneficial for owners of newer or pricier vehicles that might require costly repairs.
While full coverage is pricier than minimum coverage, it provides significantly enhanced protection. For owners of newer or high-value vehicles, it’s not just a suggestion but a crucial investment to protect their asset.
Cheapest Car Insurance In Indiana For Seniors
Auto-Owners has the cheapest rates for seniors in Indiana, offering average monthly rates at $47.
| Provider | Average Monthly Cost | Average Annual Cost |
| Auto-Owners | $47 | $566 |
| American Family | $48 | $577 |
| Geico | $62 | $741 |
| Westfield | $62 | $748 |
| Travelers | $63 | $761 |
While age often influences insurance premiums, many seniors maintain exemplary driving records well into their later years, challenging the notion of declining reflexes and abilities. Insurers acknowledge this and frequently extend reduced rates to experienced senior drivers with impeccable records.
A history of safe driving, characterized by minimal or no accidents or violations, can significantly sway insurers to offer more favorable terms. Furthermore, insurers value the maturity and experience associated with age, regarding senior drivers as responsible and less prone to risky behaviors. To further support senior drivers, certain insurance providers offer tailored discounts based on age, driving frequency, and completion of safety courses.
These safety courses serve to refresh driving skills and knowledge, promoting safer driving habits among seniors. Overall, these combined factors enable seniors in Indiana to secure competitive car insurance rates customized to their driving habits and requirements.
Cheapest Car Insurance In Indiana For Good Drivers
Skilled drivers, identified by their spotless driving records, often receive lower car insurance rates. Insurers evaluate risk based on a driver’s history, favoring those without violations or accidents. This favorable risk assessment results from a proven record of responsible and safe driving, indicating a reduced likelihood of future claims.
Consequently, insurers are more likely to offer competitive premiums to such drivers, reflecting the lower financial risk they pose. Consistent adherence to traffic laws, accident avoidance, and overall cautious driving behavior contribute to substantial long-term savings on car insurance premiums for these drivers.
| Provider | Average Monthly Cost | Average Annual Cost |
| Geico | $67 | $806 |
| State Farm | $82 | $983 |
| Indiana Farmers Insurance | $84 | $1,006 |
| American Family Insurance | $100 | $1,195 |
| Progressive | $101 | $1,215 |
Cheapest Car Insurance In Indiana For Young Drivers
In Indiana, young adults usually get cheaper car insurance than teenagers. As individuals progress into adulthood, they typically exhibit more prudent driving behaviors and undertake fewer risks. Statistical evidence reveals that young adults are associated with reduced claim filings and a diminished occurrence of accidents.
Consequently, insurance providers adjust their rates downwards for this demographic, deeming them as drivers with heightened safety awareness and decreased propensity for accidents.
Cheapest Indiana Car Insurance For 16-Year-Olds
Allstate has the cheapest rates for 16-year-olds, with an average monthly premium of $164.
| Provider | Average Monthly Cost | Average Annual Cost |
| Allstate | $164 | $1,965 |
| Indiana Farmers Insurance | $168 | $2,018 |
| State Farm | $263 | $3,159 |
| GEICO | $312 | $3,746 |
| Indiana Farm Bureau Insurance | $361 | $4,326 |
Cheapest Indiana Car Insurance For 17-Year-Olds
Indiana Farmers Insurance has the cheapest rates for 17-year-olds, with an average premium of $163.
| Provider | Average Monthly Cost | Average Annual Cost |
| Indiana Farmers Insurance | $163 | $1,954 |
| Allstate | $164 | $1,965 |
| GEICO | $196 | $2,349 |
| State Farm | $232 | $2,784 |
| Auto-Owners | $258 | $3,100 |
Cheapest Indiana Car Insurance For 18-Year-Olds
Indiana Farmers Insurance has the cheapest rates for 18-year-olds, with an average monthly premium of $158.
| Provider | Average Monthly Cost | Average Annual Cost |
| Indiana Farmers Insurance | $158 | $1,894 |
| Allstate | $164 | $1,965 |
| GEICO | $164 | $1,971 |
| State Farm | $204 | $2,443 |
| Auto-Owners | $235 | $2,823 |
Cheapest Indiana Car Insurance For 21-Year-Olds
GEICO has the cheapest rates for 21-year-olds, with an average monthly premium of $95.
| Provider | Average Monthly Cost | Average Annual Cost |
| GEICO | $95 | $1,142 |
| Indiana Farmers Insurance | $121 | $1,448 |
| State Farm | $137 | $1,647 |
| Auto-Owners | $160 | $1,924 |
| Travelers | $164 | $1,965 |
Cheapest Auto Insurance In Indiana For Drivers With Prior Incidents
Car insurance for drivers in Indiana with prior incidents can be more challenging to obtain and may come with higher premiums. Insurance companies consider factors such as accidents, speeding tickets, DUI convictions, and other violations when determining the cost of coverage. Drivers with a history of incidents are perceived as higher risk by insurers, as they are more likely to file claims in the future.
Drivers with prior incidents may need to explore non-standard or high-risk insurance providers, which typically offer coverage to individuals who may have difficulty obtaining insurance from standard companies. These policies often come with higher premiums and may have stricter coverage limitations.
To mitigate the impact of prior incidents on insurance rates, drivers can take steps to improve their driving record over time. This includes practicing safe driving habits, avoiding traffic violations, and completing any required driving courses or rehabilitation programs. Additionally, comparing quotes from multiple insurance companies can help drivers find the most competitive rates for their situation.
Cheapest Car Insurance For Drivers With A Speeding Ticket
State Farm has average premiums of $93, making it the cheapest option for drivers with a speeding ticket.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $93 | $1,112 |
| Indiana Farmers Mutual | $106 | $1,274 |
| GEICO | $110 | $1,317 |
| Travelers | $130 | $1,561 |
| Progressive | $153 | $1,831 |
Cheapest Car Insurance For Drivers With An At-Fault Accident
Indiana Farmers Mutual has average premiums of $117, making it the cheapest option for drivers with an at-fault accident.
| Provider | Average Monthly Cost | Average Annual Cost |
| Indiana Farmers Mutual | $117 | $1,399 |
| State Farm | $130 | $1,563 |
| Travelers | $165 | $1,978 |
| Auto-Owners | $190 | $2,274 |
| GEICO | $208 | $2,492 |
Cheapest Car Insurance For Drivers After A DUI
Indiana Farmers Mutual has average premiums of $168, making it the cheapest option for drivers with a DUI on their record.
| Provider | Average Monthly Cost | Average Annual Cost |
| Indiana Farmers Mutual | $106 | $1,274 |
| State Farm | $107 | $1,284 |
| Progressive | $125 | $1,495 |
| Geico | $176 | $2,110 |
| Auto-Owners | $280 | $3,364 |
Average Cost Of Auto Insurance In Indiana – By Age
| Age | Average Monthly Cost | Average Annual Cost |
| 16 | $381 | $4,569 |
| 17 | $299 | $3,589 |
| 18 | $266 | $3,186 |
| 19 | $226 | $2,710 |
| 21 | $173 | $2,074 |
| 25 | $129 | $1,546 |
| 35 | $118 | $1,421 |
| 45 | $108 | $1,290 |
| 55 | $101 | $1,212 |
| 65 | $106 | $1,276 |
| 75 | $125 | $1,500 |
Average Cost Of Auto Insurance In Indiana – By Credit Tier
| Credit Tier | Average Monthly Cost | Average Annual Cost |
| Excellent | $47 | $569 |
| Good | $57 | $691 |
| Fair | $68 | $827 |
| Poor | $81 | $973 |
Average Cost Of Car Insurance In Indiana- By Gender & Marital Status
| Gender | Marital Status | Average Annual Cost |
| Female | Single | $1,025 |
| Male | Single | $1,050 |
| Female | Married | $900 |
| Male | Married | $950 |
Cheapest Car Insurance In Indiana By City
| City | Average Monthly Cost | Average Annual Cost |
| Lafayette | $99 | $1,185 |
| Muncie | $99 | $1,189 |
| Elkhart | $100 | $1,204 |
| Westfield | $101 | $1,214 |
| Mishawaka | $102 | $1,228 |
| West Lafayette | $103 | $1,230 |
Car Insurance Discounts In Indiana
As you navigate the car insurance market, it’s prudent to seek out insurers offering discounts customized to your needs. Moreover, engaging with your insurance agent can uncover potential discounts that may have escaped your notice.
Below, we delve deeper into the prevalent types of discounts offered by leading car insurance providers:
- Multi-Policy Discount: Combine your auto insurance with other policies, like home or renters insurance, to receive a discount.
- Good Driver Discount: Reward for maintaining a clean driving record without accidents or violations.
- Good Student Discount: Offered to students who maintain a certain GPA or are on the honor roll.
- Safety Features Discount: Lower rates for vehicles equipped with safety features like anti-lock brakes, airbags, and anti-theft devices.
- Low Mileage Discount: Reduced rates for drivers who drive fewer miles annually, indicating lower risk.
- Senior Driver Discount: Discount for older drivers who complete a defensive driving course or reach a certain age threshold.
- Multi-Car Discount: Insure multiple vehicles under the same policy for a discounted rate.
- Paid-in-Full Discount: Receive a discount for paying your annual premium in full upfront.
- Loyalty Discount: Reward for staying with the same insurance company for an extended period.
- Affinity Group Discount: Discounts for being a member of certain organizations or groups affiliated with the insurer.
Minimum Car Insurance Requirement In Indiana
In Indiana, the minimum car insurance requirement includes liability coverage, which consists of bodily injury liability and property damage liability. The required minimum coverage limits are:
Bodily injury liability: $25,000 per person and $50,000 per accident.
Property damage liability: $25,000 per accident.
These limits represent the maximum amount your insurance will pay for injuries or damages you cause to others in an accident.
Personal Injury Protection (PIP) is not required in Indiana. Instead, the state follows a fault-based system, where the at-fault driver’s insurance typically pays for medical expenses and other losses of the injured party. However, drivers have the option to purchase Medical Payments coverage (MedPay), which provides coverage for medical expenses for you and your passengers regardless of fault, up to the policy limit.
It’s essential to understand that while these are the minimum requirements mandated by the state, they may not provide adequate coverage in the event of a severe accident. Drivers should consider purchasing higher limits or additional coverage options to ensure they are adequately protected financially.
FAQs
How much is car insurance a month in Indiana?
The average monthly cost of car insurance in Indiana varies depending on factors like age, driving history, and coverage level, but it typically ranges from $80 to $150 per month.
What is the minimum car insurance one must have in Indiana?
The minimum car insurance requirements in Indiana include liability coverage of at least $25,000 for bodily injury per person, $50,000 for bodily injury per accident, and $25,000 for property damage per accident.
Which insurance is better in Indiana?
Deciding which insurance is better in Indiana depends on individual needs and preferences. It’s essential to compare quotes, coverage options, and customer reviews to find the best insurance company for your specific situation.
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