Cheapest Non-Owner Car Insurance In Indiana 2024

Auto-Owners offers the best deal on non-owner car insurance in Indiana, with rates averaging $238 a year. This type of coverage works for drivers who need insurance but don’t own a car.

Non-owner policies are an excellent option for drivers who don’t own a vehicle but need liability coverage when driving a borrowed or rented car. This type of insurance is a budget-friendly way to comply with state requirements or maintain continuous coverage without owning a vehicle.

Does Indiana Allow Non-Owner Car Insurance?

Yes, non-owner car insurance is available in Indiana. These policies are tailored for individuals who don’t own a vehicle but occasionally drive rented or borrowed cars. They provide liability coverage, meeting the state’s minimum insurance requirements, including protection for bodily injury and property damage. Non-owner car insurance is a practical and affordable solution for drivers who need liability coverage without owning a car.

Cheapest Overall Non-Owner Car Insurance In Indiana

In Indiana, Auto-Owners offers the least expensive non-owner car insurance, costing an average of $238 annually.

Cheapest Non-Owner Car Insurance With A Clean Driving Record

Auto-Owners provides Indiana’s most affordable non-owner car insurance for clean-record drivers, averaging $238 per year.

Cheapest Non-Owner SR-22 Car Insurance In Indiana

The most affordable non-owner SR-22 car insurance in Indiana is from Auto-Owners, at an average cost of $30 annually.

What Is Non-Owner Car Insurance?

If you don’t own a car but still drive, non-owner insurance offers liability coverage. It pays for injuries or property damage you cause to others in an accident. This is a good option for car renters and borrowers but doesn’t extend to your own injuries or vehicle damage.

Indiana Minimum Auto Insurance Requirements

To drive legally in Indiana, drivers need auto insurance that includes a minimum of $25,000 for bodily injury per person, $50,000 for bodily injury per accident, and $25,000 for property damage. They must also carry uninsured motorist coverage of $25,000 per person and $50,000 per accident.

What Is SR-22 Insurance?

For high-risk drivers, an SR-22 is a certificate that proves they meet the state’s minimum liability insurance requirements. It’s often required after offenses such as DUIs or reckless driving, and it’s filed with the state’s motor vehicle department by the insurance company.

Although it’s not insurance, obtaining an SR-22 generally results in higher insurance premiums because the driver is considered a greater risk. The SR-22 requirement typically lasts for a few years, commonly three.

Average Cost Of Non-Owner Car Insurance In Indiana

For those who rent or borrow cars often in Indiana, it’s important to understand the average cost of non-owner car insurance. This insurance provides liability protection without the added expense of a full car insurance policy, making it an affordable option. Below, we’ve outlined a comparison of average annual and monthly rates from different providers to assist you in selecting the right coverage.

Average Cost Of Non-Owner Car Insurance In Indiana – By Age

In Indiana, the cost of non-owner car insurance varies significantly depending on the driver’s age. Younger drivers usually face higher premiums due to their perceived inexperience and increased accident risk. Older drivers often pay lower rates as they are considered safer and more experienced.

For example, a 20-year-old may pay around $485 annually, while a 50-year-old could pay approximately $248. Below is a table showing how insurance rates differ with age.

Average Cost Of Non Owner Car Insurance In Indiana Cities

Where you reside in Indiana has a significant effect on the cost of non-owner car insurance. Insurers evaluate factors such as traffic volume, crime statistics, and local laws to determine premiums. In urban areas like Hammond, higher premiums are common due to the increased risks of traffic and crime.

Smaller towns tend to offer lower premiums. Below is a table illustrating the average non-owner car insurance rates in five cities across Indiana.

Average Rates Vs Traditional Car Insurance

Understanding the key differences between non-owner car insurance and traditional car insurance is important for informed financial planning. Non-owner car insurance is designed for people who do not own a car but drive regularly. It offers liability coverage for bodily injury and property damage to others, making it more affordable than traditional car insurance.

Traditional car insurance, however, covers the vehicle itself with comprehensive and collision coverage, which results in higher premiums. Below is a comparison of average rates for both types of coverage from five providers.

Should You Get Non-Owner Car Insurance In Indiana?

Non-owner car insurance is a valuable option for those who don’t own a vehicle but still need liability protection. Below is a breakdown of individuals who should consider this insurance based on their unique circumstances:

• Renters: For those who rent cars regularly, non-owner car insurance can provide better, more consistent coverage than the rental company’s plan. This option tends to be more affordable and ensures continuous liability protection.
• Car Borrowers: If you borrow cars from friends or family members on occasion, this insurance covers you for liability in case you’re at fault during an accident while driving their vehicle.
• License Reinstatement: Non-owner car insurance is often necessary when reinstating a license after it’s been suspended or revoked due to serious driving offenses. It is frequently paired with an SR-22 form to demonstrate compliance with state requirements.
• Infrequent Drivers: If you drive infrequently but want to keep insurance coverage active, a non-owner policy can prevent gaps in your coverage, helping you avoid higher premiums later on.
• Drivers Between Cars: If you’ve sold your vehicle or are waiting to purchase a new one, non-owner car insurance provides temporary liability coverage during the transition and helps maintain your good insurance history.

Average Non-Owner Car Insurance Rates vs Other US States