Full coverage car insurance in Indiana has an average annual cost of $887. If you seek minimum coverage, the yearly cost is around $407. Insurance companies assess factors such as the driver's age, coverage level, where you live, your driving record and credit history to determine your car insurance premium.
How Much Is Car Insurance in Indiana? (January 2025)
Updated: April 4, 2025
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Key Takeaways
The average annual cost of full coverage car insurance in Indiana is $887, significantly more affordable than the national average of $1,370, highlighting Indiana's competitive insurance market and cost-effective options for drivers.
In Indiana, the average annual cost for minimum car insurance coverage is approximately $407, significantly lower than the national average of $630, highlighting the state's relatively affordable rates.
In Indiana, American Family offers the cheapest full coverage car insurance at $593 annually, while Farmers presents the most expensive option with an average annual premium of $1,119.
Why Trust MoneyGeek? We analyzed data and quotes from Quadrant Information Services and the Indiana Department of Insurance to get the most precise average costs for a variety of Indiana drivers.
These rates reflect the average cost of car insurance in Indiana as of December 2024.
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Average Car Insurance Costs in Indiana
The average cost of full coverage car insurance in Indiana is $887 per year, which breaks down to about $74 per month. Knowing the average cost of car insurance helps you judge the affordability of quotes from insurers. Comparing car insurance quotes can also help you find the best rates.
Below is an overview of what you might pay for auto insurance in Indiana, whether you need minimum coverage or full coverage for extra protection.
| 100/300/100 Full Cov. w/$1,000 Ded. | $887 | $74 |
| 100/300/100 Liability Only | $472 | $39 |
| State Minimum Liability Only | $407 | $34 |
Why Are Car Insurance Rates Moderate in Indiana?
Car insurance in Indiana tends to be more affordable than in other states. The average annual premium for full coverage with a $1,000 deductible is $887, which is less than the national average cost of car insurance at $1,370. Similarly, Indiana's state minimum coverage costs approximately $407 per year, which is also cheaper than the national average of $630.
Prices in Indiana are generally moderate due to factors such as lower population density, which can lead to fewer accidents and claims, and competitively priced insurance policies due to a robust market. The cost of repairs and medical care in Indiana is also typically lower than in many other parts of the country, contributing to more reasonable insurance rates.
Average Car Insurance Costs in Indiana by Company
Car insurance premiums vary widely even within the same state. American Family offers the most affordable full coverage in Indiana, with an average annual premium of $593. Farmers has the highest average premium at $1,119 per year.
Understanding the significant price difference among providers highlights why comparing car insurance quotes is crucial. Finding the cheapest car insurance in Indiana requires researching multiple providers to secure a policy that offers adequate protection without overpaying.
Data filtered by:Results filtered by:
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Coverage:Full Coverage
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Age Group:30-59
| American Family | $593 | $49 |
| Travelers | $720 | $60 |
| GEICO | $765 | $64 |
| Progressive | $780 | $65 |
| Auto-Owners Insurance Co | $808 | $67 |
| Westfield | $829 | $69 |
| Nationwide | $878 | $73 |
| Grange Insurance | $951 | $79 |
| Allstate | $1,042 | $87 |
| Indiana Farm Bureau | $1,064 | $89 |
| State Farm | $1,098 | $91 |
| Farmers | $1,119 | $93 |
Average Car Insurance Costs in Indiana by Coverage Level
The cost of car insurance in Indiana is also influenced by the level of coverage you select. For Indiana residents, minimum coverage typically costs around $34 monthly, while full coverage with a $1,000 deductible averages $74 monthly. Despite the higher price, full coverage is recommended as it provides extensive protection, safeguarding against a variety of potential road mishaps. Learn more about the advantages of full coverage insurance.
Incorporating comprehensive and collision coverage into your insurance plan does elevate your premium. However, selecting a higher deductible can help manage these costs effectively. It's important to remember that the deductible amount applies separately to each comprehensive and collision claim filed. Selecting an affordable yet protective insurance plan, like full coverage, can offer peace of mind on the road.
| State Minimum Liability Only | $407 | $34 |
| 100/300/100 Liability Only | $472 | $39 |
| 300/500/300 Liability Only | $557 | $46 |
| State Minimum Liability w/ Full Cov. w/$1,500 Ded. | $769 | $64 |
| State Minimum Liability w/ Full Cov. w/$1,000 Ded. | $823 | $69 |
| 100/300/100 Full Cov. w/$1,500 Ded. | $833 | $69 |
| 100/300/100 Full Cov. w/$1,000 Ded. | $887 | $74 |
| 300/500/300 Full Cov. w/$1,500 Ded. | $918 | $77 |
| State Minimum Liability w/ Full Cov. w/$500 Ded. | $932 | $78 |
| 300/500/300 Full Cov. w/$1,000 Ded | $972 | $81 |
| 100/300/1000,000 - 500 comp_coll | $996 | $83 |
| 300/500/300 Full Cov. w/$500 Ded. | $1,081 | $90 |
Minimum Car Insurance Requirements in Indiana
In Indiana, the minimum car insurance requirements include bodily injury liability of $25,000 per person and $50,000 per accident, along with $25,000 for property damage liability per accident. Uninsured and underinsured motorist coverage, personal injury protection (PIP), medical payments and death liability are not mandated.
$25,000 for bodily injury liability per person
This is the minimum amount required in Indiana to cover injuries to one person in an accident you cause.
$50,000 for bodily injury liability per accident
This covers injuries to multiple people in one accident, with a total limit for all injured parties.
$25,000 for property damage liability per accident
Indiana requires this minimum coverage for damage to another person's property in an accident you're responsible for.
Average Car Insurance Costs in Indiana by City
Your location in Indiana significantly impacts car insurance rates. The most affordable full coverage is $754 per year in Fort Wayne, while it's $847 in Indianapolis.
Indiana car insurance premiums are influenced by factors such as your driving record, age and the type of car you drive. The frequency of claims in your area and local laws can also affect rates.
| Evansville | $801 | $416 |
| Fort Wayne | $754 | $385 |
| Indianapolis | $847 | $419 |
| South Bend | $758 | $377 |
Average Car Insurance Costs in Indiana by Age
Age impacts the cost of car insurance in Indiana. Younger drivers aged 22 to 29 typically pay the most, with premiums progressively decreasing with age. Insurance costs usually decrease as drivers gain experience, with those aged 30 to 59 paying less, and those over 60 enjoying the lowest rates.
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Coverage:100/300/100 Full Cov. w/$1,000 Ded.
| 22-29 | $1,087 | $91 |
| 30-59 | $887 | $74 |
| 60 + | $837 | $70 |
Average Car Insurance Costs in Indiana for Teens
In Indiana, car insurance rates are influenced by factors like age and gender. On average, a 16-year-old male driver added to a family policy faces an annual cost of $2,133, which is generally the highest premium across all age groups.
Legal restrictions require a parent or guardian to co-sign an insurance policy for teens under 18. An individual policy skyrockets to $4,526 per year for 16-year-old males exploring this option.
Average Car Insurance Costs in Indiana for New Cars
The average annual cost of full coverage car insurance for a 2012 model is $717. The cost jumps to $908 per year for a 2022 model. The increase in premiums for newer models can be attributed to their higher actual cash value, the expense of modern repairs and a greater risk of theft.
Drivers with newer models should consider opting for both comprehensive and collision coverage, which provide financial protection against various incidents and damages and ensure the vehicle's value is safeguarded.
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Coverage:Full Coverage
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Age Group:30-59
| 2012 Vehicle | $717 | $60 |
| 2022 Vehicle | $908 | $76 |
ACTUAL CASH VALUE
Your vehicle's actual cash value (ACV) is important in insurance claims as it determines the payout amount. If your vehicle is damaged, the insurance company will compensate you based on the ACV minus any deductible, ensuring the settlement reflects your car's depreciated value. Choosing a policy with affordable premiums that align with your car's ACV provides adequate coverage.
Average Car Insurance Costs in Indiana by Driving Record
Driving in Indiana with a clean record often means paying around $881 per year for full coverage car insurance. However, this cost can change based on your driving history. Look at how different violations affect your premium:
- With a ticket: $1,165 per year; $97 per month
- With an at-fault accident: $1,418 per year; $118 per month
- With a DUI: $1,564 per year; $130 per month
Violations like tickets, accidents, and DUIs can bump up your car insurance cost — the worse the violation, the more you pay. These violations stay on your driving record for a specified period and will continue to affect your insurance premiums. In Indiana, a DUI can stay on your record for at least five years.
Browse the table below by coverage and age group to find the average cost of car insurance in Indiana across different driving records.
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Coverage:100/300/100 Full Cov. w/$1,000 Ded.
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Age Group:30-59
| Clean | $887 | $74 |
| Ticket | $1,165 | $97 |
| At-fault Accident | $1,418 | $118 |
| DUI | $1,564 | $130 |
Average Car Insurance Costs in Indiana by Credit Score
In Indiana, the average cost of car insurance varies with your credit score, ranging from $569 per year for excellent credit scores to $1,161 for poor credit.
According to MoneyGeek's ranges, a good credit score is from 670 to 739 and can lead to more affordable premiums, while scores below 580 are considered poor and may result in higher costs.
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Coverage:100/300/100 w/ $1000 Deductible
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Age Group:30-59
| Excellent | $569 | $47 |
| Good | $691 | $58 |
| Fair | $827 | $69 |
| Below Fair | $973 | $81 |
| Poor | $1,161 | $97 |
Factors Affecting Car Insurance Rates in Indiana
Understanding the factors that influence car insurance rates in Indiana is essential for securing affordable coverage. Here's what impacts your premiums:
- Age and Driving Experience: Younger drivers in Indiana often face higher rates due to their lack of road experience, which usually results in riskier driving behavior.
- Driving Record: Safe driving in Indiana is rewarded with lower premiums, while having infractions like speeding tickets or DUIs can significantly increase insurance costs.
- Credit Score: Insurers in Indiana consider credit scores when setting premiums. A higher score could mean lower rates due to perceived reliability.
- Vehicle Type: The cost of insuring a car in Indiana can vary based on the vehicle's make, model and safety features — safer, less expensive vehicles tend to be cheaper to insure.
- Location: Urban areas with denser traffic and higher theft rates may see higher insurance rates than rural zones.
- Coverage Level: Opting for state minimum coverage can lower premiums. However, adding collision insurance or comprehensive insurance for increased protection may be beneficial despite the higher cost.
- Gender and Marital Status: Statistically, gender and marital status can influence rates in Indiana, with married individuals sometimes receiving lower rates.
- Annual Mileage: Driving fewer miles in Indiana could lead to lower insurance premiums as the risk of accidents decreases with less road exposure.
Remember, shopping around for car insurance quotes in Indiana can help you find the most affordable plans suited to your specific needs.
How to Save Money on Car Insurance in Indiana
To secure affordable car insurance in Indiana, compare rates, opt for a higher deductible and leverage all available discounts.
Shop Around
Comparing rates from multiple insurers can help you find the cheapest car insurance in Indiana. Dedicate time to research and find the most affordable plan that meets your needs.
Maintain a Clean Driving Record
Safe driving can significantly reduce your premiums. Avoiding accidents and traffic violations helps in securing lower insurance costs in Indiana.
Increase Your Deductible
Opting for a higher deductible can lower your monthly premiums. Ensure you can afford the deductible in case of a claim.
Bundle Insurance Policies
Bundling car insurance with other policies like home insurance may unlock discounts. Insurers often reward multiple policies with reduced rates.
Look for Discounts
Many insurers offer discounts such as for multiple cars, good students or anti-theft devices. Always ask about potential savings.
Consider Vehicle Type
The type of car you drive affects your rates. Choose a model with a strong safety record and lower repair costs for more affordable insurance.
Review Your Coverage Regularly
Life changes can affect your insurance needs. Regularly review your policy to ensure it's still the most cost-effective option for you.
FAQ: Car Insurance Costs in Indiana
We answer common questions about the average costs of car insurance in the Hoosier State, helping you make an informed decision when choosing your coverage.
What are the minimum car insurance requirements in Indiana?
Indiana law requires drivers to have insurance with a minimum of $25,000 coverage for bodily injury per person, $50,000 for bodily injury per accident, and $25,000 for property damage per accident. Although additional coverages like uninsured/underinsured motorist coverage, personal injury protection (PIP), medical payments, or death liability are optional, they can provide extra protection. Learn more about minimum car insurance requirements.
What is the average cost of full coverage and minimum coverage auto insurance in Indiana?
In Indiana, the average cost for full coverage auto insurance with a $1,000 deductible is approximately $887 per year. If you choose the state's minimum coverage, you can expect to pay around $407 annually.
What is the average cost of car insurance for a 22-year-old in Indiana?
A 22-year-old in Indiana typically spends about $1,087 annually, or $91 monthly, for full coverage with a $1,000 deductible. For liability-only coverage at 100/300/100, the cost is roughly $559 per year, or $47 monthly, while the state minimum coverage is about $481 annually, or $40 monthly.
What are the cheapest car insurance companies in Indiana?
In Indiana, American Family and Westfield rank among the most affordable car insurance companies. American Family offers full coverage for $593 annually, while Westfield provides minimum coverage for $256 per year.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.