Cheapest Car Insurance In Indiana (2024) (original) (raw)
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, Writer
10/18/2024 08:01 AM
Because car insurance prices are increasing, it is a smart move for drivers in Indiana to compare different policy options in order to find the most reasonably priced coverage. Our reviews team has researched the best car insurance companies nationwide. We carefully examined the reputation, satisfaction of customers, coverage options, and average premiums of each provider.
In this review, we will discuss how you can save money on car insurance and where to find the most affordable coverage in Indiana that matches your driving profile.
Key Points
- USAA is the cheapest car insurance company in Indiana overall, with an average rate of $25 per month for minimum coverage and $108 per month for full coverage.
- Auto-Owners and GEICO also offer affordable car insurance rates for many driver profiles.
- If you’re under 25 or have traffic violations on your record, you’ll have to pay higher-than-usual car insurance rates.
- You can save on car insurance by opting for minimum coverage, looking for discounts, increasing your deductible, and bundling your auto insurance with other policies.
Cheap Car Insurance Indiana
Each car insurance company has its own way of assessing drivers, so the provider that offers the best price for one person may not be the most affordable for you. Let’s take a look at a comparison of the cheapest auto insurance providers and their rates for different types of drivers in Indiana.
| Cheapest Car Insurance Company | Average Monthly Cost | Average Annual Cost | |
|---|---|---|---|
| Minimum coverage | USAA | 25∣25 | 25∣299 |
| Full coverage | GEICO | 105∣105 | 105∣1,261 |
| 16-year-olds | Indiana Farmers Mutual | 82∣82 | 82∣987 |
| 45-year-olds | USAA | 21∣21 | 21∣256 |
| High-risk drivers | USAA | 36∣36 | 36∣434 |
| After a speeding ticket | USAA | 32∣32 | 32∣380 |
| After an accident | USAA | 37∣37 | 37∣445 |
| After a DUI | USAA | 40∣40 | 40∣477 |
| Poor credit drivers | USAA | 25∣25 | 25∣299 |
*Unless stated otherwise, average costs are minimum-coverage rates for single male drivers between the ages of 25 and 35 with a clean driving history.
What Is The Cheapest Car Insurance Company In Indiana?
In general, we discovered that USAA has the most affordable car insurance in Indiana for most types of drivers. The following sections will cover the average monthly costs of both minimum- and full-coverage car insurance from the cheapest companies in Indiana.
These rates are for people in Indiana who are drivers of different ages, live in different places, and have different driving experiences. The cheapest companies are organized by minimum coverage costs.
Cheapest Minimum Coverage In Indiana: USAA
Drivers looking for the most affordable coverage that just meets Indiana state minimum requirements may find it at USAA for about $25 per month or $299 per year on average.
| Cheapest Car Insurance in Indiana | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| USAA | 25∣25 | 25∣299 |
| Auto-Owners | 28∣28 | 28∣333 |
| GEICO | 32∣32 | 32∣379 |
| Travelers | 32∣32 | 32∣381 |
| Indiana Farmers Mutual | 39∣39 | 39∣463 |
| Direct | 46∣46 | 46∣552 |
| Indiana Farm Bureau | 46∣46 | 46∣558 |
| Progressive | 47∣47 | 47∣562 |
| State Farm | 49∣49 | 49∣586 |
| Allstate | 79∣79 | 79∣942 |
Cheapest Full Coverage In Indiana: GEICO
If you want the best coverage at the best price, GEICO is the top choice. The provider offers full-coverage insurance for an average of $105 per month.
Full-coverage insurance policies in Indiana generally include liability insurance, uninsured/underinsured motorist coverage, collision coverage, and comprehensive insurance.
| Cheapest Car Insurance in Illinois | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Travelers | 106∣106 | 106∣1,276 |
| GEICO | 116∣116 | 116∣1,396 |
| Auto-Owners | 142∣142 | 142∣1,707 |
| Country Financial | 145∣145 | 145∣1,746 |
| Pekin | 146∣146 | 146∣1,750 |
| Erie | 155∣155 | 155∣1,860 |
| AAA | 180∣180 | 180∣2,156 |
| Progressive | 193∣193 | 193∣2,310 |
| State Farm | 213∣213 | 213∣2,557 |
| Allstate | 281∣281 | 281∣3,373 |
Cheapest Car Insurance In Indiana: Age
Below, you’ll find average insurance costs for Indiana drivers ages 16 to 55 as well as the top five budget-friendly car insurance companies for each age group. Drivers aged 30 to 55 usually receive the most affordable auto insurance rates since they have more road experience and are statistically less prone to car accidents compared to younger drivers.
Average Car Insurance Rates By Age
| Age | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| 16 | 157∣157 | 157∣530 |
| 25 | 46∣46 | 46∣182 |
| 35 | 39∣39 | 39∣149 |
| 45 | 37∣37 | 37∣138 |
| 55 | 36∣36 | 36∣128 |
Cheapest Indiana Car Insurance: Young Drivers
As mentioned, new drivers and early 20s typically pay the most expensive car insurance rates. That’s mostly because these drivers are not as experienced and tend to break traffic rules more often, leading to more car accidents.
In fact, the fatal crash rate per mile driven for teen drivers was nearly three times the rate for drivers 20 years old and older in 2021, according to the Insurance Institute for Highway Safety.
Cheapest Indiana Car Insurance For 16-Year-Olds: Indiana Farmers Mutual
If you’re a teen driver or the parent of one, Indiana Farmers Mutual may be your best bet for finding the most affordable car insurance in Indiana.
The company’s cheapest average rates for 16-year-old drivers are $82 per month or $987 per year, which is relatively affordable compared to other states. If you’re looking for full coverage, the average is $301 per month or $3,613 per year from Indiana Farmers Mutual.
| Cheapest Car Insurance in Indiana | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| Indiana Farmers Mutual | 82∣82 | 82∣301 |
| USAA | 94∣94 | 94∣400 |
| GEICO | 106∣106 | 106∣418 |
| Travelers | 134∣134 | 134∣458 |
| Progressive | 150∣150 | 150∣466 |
| Auto-Owners | 154∣154 | 154∣472 |
| Direct | 166∣166 | 166∣715 |
| Indiana Farm Bureau | 172∣172 | 172∣695 |
| State Farm | 205∣205 | 205∣730 |
| Allstate | 306∣306 | 306∣642 |
Cheapest Indiana Car Insurance For 25-Year-Olds: USAA
Car insurance rates for young drivers in their 20s decrease a lot compared to what teen drivers have to pay. However, the rates for this age group can still be expensive depending on which company you go with.
USAA provides the cheapest car insurance costs on average at $27 per month or $327 per year for minimum coverage. GEICO costs $112 per month or $1,345 per year for full coverage.
| Cheapest Car Insurance in Indiana | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| USAA | 27∣27 | 27∣121 |
| Auto-Owners | 31∣31 | 31∣154 |
| Travelers | 32∣32 | 32∣116 |
| GEICO | 34∣34 | 34∣112 |
| Indiana Farmers Mutual | 45∣45 | 45∣184 |
| Progressive | 49∣49 | 49∣144 |
| Indiana Farm Bureau | 50∣50 | 50∣201 |
| Direct | 52∣52 | 52∣273 |
| State Farm | 54∣54 | 54∣239 |
| Allstate | 83∣83 | 83∣277 |
Cheapest Indiana Car Insurance: Adult Drivers
People in their forties usually pay the least amount for car insurance. You can compare average auto insurance premiums of drivers in their 30s, 40s, and 50s from the top five cheapest companies for each age group below.
Cheapest Indiana Car Insurance For 35-Year-Olds: USAA
Drivers in their mid-30s may insure their cars at the cheapest cost by getting a minimum coverage car insurance policy from USAA. The company offers average minimum-coverage costs of $23 per month or $271 per year. For full coverage, USAA’s rates average $96 monthly or $1,150 annually.
| Cheapest Car Insurance in Indiana | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| USAA | 23∣23 | 23∣96 |
| Auto-Owners | 24∣24 | 24∣113 |
| GEICO | 29∣29 | 29∣98 |
| Travelers | 31∣31 | 31∣108 |
| Indiana Farmers Mutual | 32∣32 | 32∣145 |
| Direct | 40∣40 | 40∣227 |
| Indiana Farm Bureau | 43∣43 | 43∣180 |
| State Farm | 44∣44 | 44∣184 |
| Progressive | 45∣45 | 45∣123 |
| Allstate | 74∣74 | 74∣222 |
Cheapest Indiana Car Insurance For 45-Year-Olds: USAA
Forty-five-year-old drivers may find the most affordable minimum coverage from USAA, with average rates of $21 per month or $256 per year. The cheapest full coverage comes from USAA at $89 per month or $1,067 per year.
| Cheapest Car Insurance in Indiana | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| USAA | 21∣21 | 21∣89 |
| Auto-Owners | 24∣24 | 24∣110 |
| Indiana Farmers Mutual | 29∣29 | 29∣127 |
| Travelers | 29∣29 | 29∣97 |
| GEICO | 29∣29 | 29∣92 |
| Direct | 35∣35 | 35∣184 |
| Indiana Farm Bureau | 41∣41 | 41∣167 |
| Progressive | 44∣44 | 44∣118 |
| State Farm | 45∣45 | 45∣181 |
| Allstate | 73∣73 | 73∣214 |
Cheapest Indiana Car Insurance For 55-Year-Olds: USAA
USAA generally offers the most affordable car insurance rates for people in their 50s living in Indiana. The insurer’s average premiums are $21 monthly or $250 annually for minimum coverage. The cheapest full coverage option is from USAA, costing $89 monthly or $1,067 annually
| Cheapest Car Insurance in Indiana | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| USAA | 21∣21 | 21∣84 |
| Auto-Owners | 22∣22 | 22∣102 |
| Travelers | 27∣27 | 27∣87 |
| GEICO | 29∣29 | 29∣87 |
| Indiana Farmers Mutual | 30∣30 | 30∣117 |
| Direct | 33∣33 | 33∣172 |
| Indiana Farm Bureau | 37∣37 | 37∣151 |
| State Farm | 43∣43 | 43∣170 |
| Progressive | 44∣44 | 44∣107 |
| Allstate | 70∣70 | 70∣202 |
Cheapest Car Insurance In Indiana: High-Risk Drivers
Besides the kind of coverage and your age, how safely you drive has a significant impact on the cost of your car insurance. Auto insurers typically determine if you’re a high-risk driver by looking at how many infractions are on your driving record, including speeding tickets, at-fault accidents, and DUI convictions.
Average Car Insurance Rates For High-Risk Drivers
Drivers who are considered to be at a greater risk of having accidents or committing driving offenses have to pay car insurance rates that are higher than the average rates. This is because their records show that they have had multiple violations. On average, Indiana motorists who are deemed high-risk may find the most affordable rates from USAA for minimum coverage or Travelers for full coverage.
| Cheapest Car Insurance in Indiana | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| USAA | 36∣36 | 36∣156 |
| Travelers | 40∣40 | 40∣151 |
| Indiana Farmers Mutual | 58∣58 | 58∣233 |
| State Farm | 60∣60 | 60∣248 |
| Auto-Owners | 61∣61 | 61∣236 |
| Progressive | 61∣61 | 61∣204 |
| GEICO | 65∣65 | 65∣197 |
| Direct | 68∣68 | 68∣333 |
| Indiana Farm Bureau | 76∣76 | 76∣293 |
| Allstate | 106∣106 | 106∣350 |
Cheapest Indiana Car Insurance For Drivers With A Speeding Ticket: USAA
Drivers with a speeding citation on their record can generally find the most affordable coverage from USAA, with average rates of $32 per month or $380 per year for minimum coverage and $138 per month or $1,652 per year for full coverage.
| Cheapest Car Insurance in Indiana | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| USAA | 32∣32 | 32∣138 |
| Travelers | 38∣38 | 38∣142 |
| Indiana Farmers Mutual | 46∣46 | 46∣196 |
| GEICO | 50∣50 | 50∣153 |
| State Farm | 54∣54 | 54∣228 |
| Auto-Owners | 55∣55 | 55∣218 |
| Progressive | 59∣59 | 59∣202 |
| Direct | 62∣62 | 62∣301 |
| Indiana Farm Bureau | 67∣67 | 67∣260 |
| Allstate | 96∣96 | 96∣322 |
Cheapest Indiana Car Insurance For Drivers With An At-Fault Accident: USAA
Getting into a car accident in Indiana can make your car insurance rates go up. USAA tends to offer the most affordable rates on average at about $37 per month or $445 per year for minimum coverage and $157 per month or $157 per year for full coverage.
| Cheapest Car Insurance in Indiana | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| USAA | 37∣37 | 37∣157 |
| Auto-Owners | 39∣39 | 39∣169 |
| Travelers | 41∣41 | 41∣153 |
| Indiana Farmers Mutual | 50∣50 | 50∣177 |
| State Farm | 61∣61 | 61∣255 |
| GEICO | 66∣66 | 66∣201 |
| Direct | 71∣71 | 71∣349 |
| Progressive | 72∣72 | 72∣243 |
| Indiana Farm Bureau | 73∣73 | 73∣281 |
| Allstate | 123∣123 | 123∣407 |
Cheapest Indiana Car Insurance For Drivers With A DUI: USAA
If you’re a motorist with a DUI on record, you may find the cheapest minimum car insurance in Indiana from USAA for $40 per month or $477 per year on average. They also have rates of $171 monthly or $2,058 annually for full coverage.
| Cheapest Car Insurance in Indiana | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| USAA | 40∣40 | 40∣171 |
| Travelers | 43∣43 | 43∣159 |
| Progressive | 52∣52 | 52∣166 |
| State Farm | 63∣63 | 63∣261 |
| Direct | 71∣71 | 71∣349 |
| Indiana Farmers Mutual | 77∣77 | 77∣326 |
| GEICO | 80∣80 | 80∣237 |
| Indiana Farm Bureau | 87∣87 | 87∣339 |
| Auto-Owners | 88∣88 | 88∣320 |
| Allstate | 98∣98 | 98∣323 |
Cheapest Indiana Car Insurance For Drivers With Poor Credit: USAA
People who have bad credit have to pay more money for their car insurance. Those who don’t have the best credit history may want to check out USAA, which has an average minimum-coverage rate of $41 per month or $491 per year and an average full-coverage rate of $204 per month or $2,447 per year.
| Cheapest Car Insurance in Indiana | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| USAA | 41∣41 | 41∣204 |
| GEICO | 44∣44 | 44∣161 |
| Travelers | 48∣48 | 48∣180 |
| Direct | 56∣56 | 56∣318 |
| Progressive | 63∣63 | 63∣222 |
| Indiana Farmers Mutual | 65∣65 | 65∣267 |
| Auto-Owners | 83∣83 | 83∣374 |
| Indiana Farm Bureau | 95∣95 | 95∣390 |
| Allstate | 96∣96 | 96∣353 |
| State Farm | 216∣216 | 216∣935 |
Average Cost Of Car Insurance In 10 Indiana Cities
Your location in Indiana is also important in determining the amount you pay for car insurance. Auto insurance companies consider drivers riskier to cover in areas with:
- Larger groups of people
- There are an increasing number of cars driving on the road.
- More car accidents happening at a greater frequency.
- More instances of breaking traffic laws
- More incidents of car theft and auto vandalism
- Very strong and unpredictable weather conditions.
Certain factors have a greater chance of impacting people who own cars in bigger cities. This explains why drivers in busy cities end up paying the highest average price for car insurance with minimum coverage. On the other hand, drivers in rural areas, where there is less crime and a smaller population, are more likely to have access to cheaper insurance rates.
| City | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| Indianapolis | 45∣45 | 45∣164 |
| Fort Wayne | 41∣41 | 41∣142 |
| Muncie | 37∣37 | 37∣134 |
| Hammond | 49∣49 | 49∣188 |
| Carmel | 42∣42 | 42∣140 |
| Evansville | 44∣44 | 44∣147 |
| Jeffersonville | 50∣50 | 50∣164 |
| New Albany | 46∣46 | 46∣154 |
| Terre Haute | 41∣41 | 41∣154 |
| Richmond | 35∣35 | 35∣133 |
Top 5 Car Insurance Companies In Indiana
Aside from cost, we have examined more than 40 insurance companies in terms of their coverage, service, and reliability to identify the top five insurers for people living in Indiana. Based on our research, we found USAA to be the best provider for most drivers in Indiana. Here are the ratings we’ve given to our top choices.
| Overall Rating | Cost | Coverage | Reliability | Service | |
|---|---|---|---|---|---|
| #1 State Farm | 4.7 | 4.3 | 4.6 | 5.0 | 4.5 |
| #2 Travelers | 4.6 | 4.4 | 4.9 | 4.5 | 4.2 |
| #3 GEICO | 4.5 | 4.2 | 4.2 | 4.9 | 4.3 |
| #4 Progressive | 4.5 | 4.0 | 4.8 | 4.8 | 4.1 |
| #5 USAA | 4.5 | 4.7 | 4.8 | 4.5 | 4.3 |
*The overall and category ratings above are based on nationwide factors.
How To Get The Cheapest Car Insurance In Indiana
In Indiana, there are multiple ways to reduce how much you pay for car insurance. These include:
- Opting for minimum coverage: If you only get the least amount of coverage that your state requires, you’ll pay the least for car insurance.
- Seeking out discounts: Most insurance companies have multiple discounts that can help cut down on premium costs, from military and good student discounts to discounts for drivers that remain accident free for five years.
- Raising your deductible: A higher deductible will lower your premium costs, but you’ll have to pay more out of pocket if you file a claim.
- Bundling your auto insurance: You can often bundle your auto insurance with a homeowners insurance policy or other type of coverage to earn a discount.
- Comparing quotes: Getting price estimates from different companies can help you figure out which provider will give you the best offer.
Many insurance companies also provide usage-based insurance programs, which can help you save money. These programs use telematics to monitor your driving habits–from your speed and braking to the time of day you drive. If you drive safely, you may receive a significant reduction in your insurance costs. However, certain programs might increase your rates if you engage in risky driving behaviors.
Some companies also offer diminishing deductibles and accident forgiveness. A diminishing deductible option decreases your deductible amount each time you renew your policy. Accident forgiveness ensures that your rates won’t increase after your first accident with the company.
What Does Indiana Require For Car Insurance?
Drivers in Indiana must meet minimum insurance requirements as outlined by state law, which include basic liability insurance and uninsured/underinsured motorist (UM/UIM) coverage:
- $50,000 bodily injury liability per accident
- $25,000 bodily injury liability per person
- $25,000 property damage liability per accident
Liability coverage only takes care of other parties’ injuries and property damages in an accident that you cause. UM/UIM covers your injuries and property damages, but only in the case that the at-fault driver has little to no auto insurance.
Getting comprehensive insurance will ensure that your car is covered if stolen, vandalized, or damaged by floods, fire, animals, or other natural disasters. Collision insurance covers your car repairs after an accident.
Our Take: Best Cheap Car Insurance In Indiana
When it comes to both minimum and full coverage, USAA is the best and cheapest car insurance company for most drivers in Indiana. While the above costs can give you an idea of what you’d pay for car insurance in Indiana, getting a personalized quote will help give you a more accurate picture of what you’ll pay.
Many companies offer quick and free tools online that can give you an insurance quote. Alternatively, you can contact a representative from the company either by phone. Once you have gathered quotes from three or more car insurance providers, compare them to find the best option for you.
Best Cheap Car Insurance In Indiana: FAQ
Here are some frequently asked questions about car insurance in Indiana:
How much is car insurance per month in Indiana?
The average cost of minimum-coverage car insurance in Indiana is $42 per month or $505 per year. For full coverage, the average is $166 per month or $1,990 per year.
Is Indiana car insurance cheaper?
Indiana auto insurance is typically cheaper than the national average. Nationwide, the average cost of minimum-coverage insurance is 670peryear,whiletheaverageinIndianais∗∗670 per year, while the average in Indiana is 670peryear,whiletheaverageinIndianais∗∗505 per year. For full coverage, residents of Indiana pay about $1,990 per year on average, which is less than the national average of $2,216 per year.
How We Rate Insurers
Our review process aims to deliver consistent and unbiased assessments of car insurance providers. While there are multiple qualities that make a car insurance company successful, our review team focuses on those we believe are the most important for consumers:
- Cost: Cost can be difficult to compare between insurers because so many factors impact annual premiums. The cheapest insurer for one driver may not be the cheapest for another. To determine our cost score, we look at insurance rate estimates generated by Quadrant Information Services, discount opportunities, and consumer reports.
- Coverage: To determine our coverage score, we look at the number of coverage options available as well as coverage limits and deductible options. Our ratings also take into account additional services and benefits like roadside assistance.
- Reliability: It’s important that an auto insurer is able to meet its claims obligations. Companies with a strong financial strength rating from AM Best score best in this category. Established insurers with a long history of reliable service also receive positive marks.
- Service: We comb through customer reviews on sites like the Better Business Bureau (BBB) to learn about customer experiences. Insurers with a low volume of complaints score well in this area. We also consider the claims process, giving higher ratings to car insurance providers that offer easy-to-use claims apps.
*Data accurate at time of publication.