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Elizabeth Rivelli is a contributing insurance writer for Bankrate and has years of experience writing for insurance domains such as The Simple Dollar, Coverage.com and NextAdvisor, among others Angelica Leicht is an insurance editor on the Bankrate team. She is truly passionate about helping readers make well-informed decisions for their wallets, whether the goal is to find the right comprehensive auto policy or the best life insurance policy for their needs. Updated Oct 21, 2022 Find cheaper car insurance A better rate is around the corner. See how much you could save in 3 minutes or less. Your information is secure Get my free quotes Select from a variety of trusted carriers + MORE How it works Caret Down Get matched with personalized offers Tell us a little about yourself so we can share accurate and personalized offers. We only ask for info we know will impact your rate. Choose the best policy for you Compare your options from carriers who want to work with you, and select as many offers as you'd like. Finalize your rate and policy details Once you pick the carrier you want, finish the process by phone with an trusted agent or entirely online. That's it! On This Page
Compare rates and save on auto insurance today! Get quotes Close X Finding the may be easier for Indiana drivers than for drivers in other states, thanks to Indiana's lower-than-average rates. If you're looking for a minimum coverage policy in Indiana, Bankrate found that Pekin offers the lowest minimum coverage premium in the state, with an average rate of $204 per year. If you're looking for more robust coverage but still want a low rate, you might want to get quotes from Hastings Mutual. The carrier's average full coverage premium is $549 per year, which is the lowest in the state, based on Bankrate's research. For comparison, Indiana drivers pay an average of $329 per year for minimum coverage and $1,242 per year for full coverage car insurance. Nationally, the same coverage levels average $545 and $1,771 per year respectively. But while price is an important consideration for most drivers when choosing a car insurance company, there are other factors to consider. In addition to average rates, Bankrate's research into the cheapest car insurance in Indiana looked at a number of different factors, like available coverage types, discounts and third-party scores. See More The cheapest car insurance companies in Indiana
Not all cheap car insurance companies provide equal service. Drivers looking for the best provider with the most affordable rates may also want to take into account varied levels of customer experience and the range of product offerings available. To find the best and cheapest car insurance in Indiana, we reviewed data from Quadrant Information Services and compared the average rates with how the companies are assessed by third-party rating agencies on the basis of their financial strength ratings and customer satisfaction scores. Based on the findings, Bankrate determined that Pekin, Hastings Mutual, Grange, Geico and USAA have some of the cheapest rates for both minimum and full coverage insurance. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare auto insurance rates
Answer a few questions to see personalized rates from top carriers. Save on auto with quotes from trusted providers like: Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare auto insurance rates
Answer a few questions to see personalized rates from top carriers. Save on auto with quotes from trusted providers like: Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Discover the best carrier for you
Get custom car insurance quotes from top-rated carriers in 3 minutes or less. The cheapest companies for minimum coverage in Indiana
Minimum coverage car insurance is a baseline requirement in Indiana for all drivers. Typically, minimum coverage insurance is the cheapest option because it provides a minimal amount of financial protection. If you are interested in purchasing a minimum coverage car insurance policy, here are the average annual premiums from some of the cheapest insurers we found in the state: Car insurance company Average annual minimum coverage premium Average monthly minimum coverage premium Pekin $204 $17 Hastings Mutual $220 $18 $224 $19 $227 $19 $257 $21 The cheapest companies for full coverage in Indiana
A full coverage car insurance policy is typically more expensive than minimum coverage, as it provides significantly more financial protection - including physical damage coverage for your vehicle and comprehensive coverage, which includes non-collision losses from storm damage, theft and vandalism. Indiana drivers may find the cheapest full coverage auto insurance rates from Pekin, Hastings Mutual, USAA, Grange and State Farm. Below are the average annual and monthly premiums from these five providers. Keep in mind that eligibility restrictions apply with USAA as it only insures active-duty military, veterans and their respective eligible family members. Car insurance company Average annual full coverage premium Average monthly full coverage premium Hastings Mutual $549 $46 Pekin $653 $54 Grange $856 $71 USAA $906 $76 Geico $912 $76 Events that can impact your cheap rates in Indiana
Numerous rating factors unique to your situation can impact the cost of car insurance in Indiana. In addition to factors like your age, gender, motor vehicle history, location, credit-based insurance score and claims history, certain life events can also cause your car insurance premium to increase. If you are shopping around for cheaper car insurance due to a recent life change, here some things to consider: : If you add a newly-licensed driver to your policy, you can expect your premium to increase. This is because inexperienced drivers are statistically more likely to cause accidents than older drivers. Although insurance companies charge higher premiums for teen drivers to offset the risk of claims, most also offer discounts specifically geared for young drivers, such as good grades and students living away from home at college without a vehicle. Rates will typically decline over time as the teen driver gets older and has more experience behind the wheel. : Getting ticketed for speeding will negatively impact your insurance rate, as speeding is considered by insurers a type of reckless driving behavior that also commonly leads to costly claims. Most speeding tickets stay on your record for three years, during which time your car insurance premium will likely be higher via a surcharge. To help make rates more affordable, you could consider , taking advantage of discounts or adjusting your coverage limits. : Unless you have accident forgiveness coverage, causing a collision will generally drive up the cost of car insurance. After an at-fault accident, your insurance premium will likely increase for three to five years (depending on the circumstances surrounding the collision). Minor collisions may have a smaller impact on rates, whereas more serious incidents can cause your premium to increase more drastically. : Certain events can cause your insurance company to put you in the “high-risk driver” category. You might be deemed a high-risk driver if you are , get caught or have received multiple moving violations. Also, keep in mind that you might have to purchase car insurance from a non-standard carrier, particularly if you need to obtain an . These policies are typically more expensive than coverage offered by standard auto insurers. Cheapest cities in Indiana for minimum coverage
Your ZIP code can have a big impact on the . If you move to a new city, you may find savings opportunities by reshopping for insurance quotes and checking ZIP codes of interest. The table below includes the cities with the cheapest auto insurance in Indiana for minimum coverage, for comparison. City Average annual minimum coverage premium Average monthly minimum coverage premium Williams $297 $25 Bainbridge $298 $25 Bloomfield $298 $25 Bowling Green $298 $25 Cheapest cities in Indiana for full coverage
Location can also impact the cost of full coverage car insurance in Indiana. For example, full coverage insurance premiums may be generally higher in areas that have a more expensive cost of living, or have higher incidence of vehicle theft, vandalism or other crime rates. The only way to know for certain how much you will pay for full coverage is to get a personalized quote using your ZIP code. In our study, we found these four rural communities to be the cheapest in Indiana for full coverage:
City Average annual full coverage premium Average monthly full coverage premium Stilesville $1,187 $99 Angola $1,188 $99 Ellettsville $1,188 $99 Fowlerton $1,188 $99 Minimum coverage requirements for Indiana drivers
According to , every driver must carry at least a minimum amount of car insurance liability coverage to satisfy the state’s financial responsibility law. The minimum coverage requirements are as follows: $25,000 bodily injury liability per person $50,000 bodily injury liability per accident $25,000 for property damage liability per accident Indiana car insurance companies must all offer all drivers uninsured motorist coverage and underinsured motorist coverage, but these options can be declined in writing. Although a minimum coverage policy is often the cheapest option to satisfy state insurance requirements, insurance experts encourage most drivers to opt for higher limits for liability coverage, which provide greater financial protection. Minimum coverage may leave you with high out-of-pocket costs if you cause an accident, and it does not offer any protection for damages to your vehicle. If you lease or finance your vehicle, a full coverage policy is typically required by your lender or leasing company. Here is how to find and keep cheap car insurance in Indiana
In addition to finding cheap rates, here are a few tips for keeping affordable auto insurance in Indiana: Get multiple quotes. Getting quotes from several different insurance providers before buying coverage can help you compare rates and policy features. Comparing car insurance quotes can also help ensure you are getting the lowest rate for the type and amount of coverage you want. Maintain a clean driving record. Avoiding accidents by practicing safe driving and limiting your vehicle’s risk for damage, like parking in a covered space, can help reduce the chance of having to file a claim, which can increase auto insurance rates. Avoiding unnecessary insurance claims can help keep your rates from suddenly increasing. Frequently asked questions
Because insurance is based on your budget and preferences, as well as your personal rating factors, a single company may not be the best for every driver. To find the for your needs, you may want to compare quotes and coverage options from multiple national and regional insurers to establish a baseline. In addition, customer reviews and third-party ratings can help point you to which might be the best insurer for your situation.
Indiana boasts lower average rates for car insurance when compared to the rest of the nation. In Indiana, the average cost of full coverage is $1,242 per year, while minimum coverage costs an average of $329 per year. Nationally, full coverage costs $1,771 per year, on average, and minimum coverage costs $545.
In 2019, the most recent year with available data, there were , with the highest numbers occurring in Marion, Lake and Allen counties. These are all metropolitan areas, so there is likely a high concentration of vehicles on the roads. Despite lesser traffic due to the pandemic, reported 813 fatal crashes in 2020, an 8.1% increase over the 752 fatal crashes that occurred in the Hoosier State in 2019. Risk of collision is a primary reason experts recommend having enough auto insurance to provide adequate financial protection for you and your family.
No, neither uninsured motorist nor underinsured motorist coverage is mandatory for all Indiana drivers. However, all auto insurers must offer you these coverage types when you request a quote and you may decline them in writing if you choose. Many insurance professionals recommend these coverage types, however, to give you financial protection in the event that you are hit by someone who lacks an auto insurance policy or has limited coverage.
Several auto insurers offer online quotes which typically require some basic information to generate, like your name, address, vehicle identification number and the type and amount of coverage you want. You will receive an estimated premium for your elected coverage types and amounts. If you are happy with the quote, you may be able to complete the policy application online, pay your first premium and download or print your ID cards. With some insurers, you will have to work with a local agent that represents the company to complete the policy application and underwriting process. Some insurers even offer a discount for quoting and/or purchasing a policy online, which can result in an even cheaper car insurance rate. Methodology
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. 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 coverage that meets each state’s requirements. Our base profile drivers own a 2020 Toyota Camry, commute five days a week and drive 12,000 miles annually. These are sample rates and should only be used for comparative purposes. Written by Elizabeth Rivelli Insurance Contributor Elizabeth Rivelli is a contributing insurance writer for Bankrate and has years of experience writing for insurance domains such as The Simple Dollar, Coverage.com and NextAdvisor, among others Angelica Leicht is an insurance editor on the Bankrate team. She is truly passionate about helping readers make well-informed decisions for their wallets, whether the goal is to find the right comprehensive auto policy or the best life insurance policy for their needs.