How Much Is Car Insurance in Indiana? (2024)


Enter your ZIP code to get started

Shield

Free. Simple. Secure.

Banner image
ByMark Fitzpatrick
Reviewed byMark Friedlander
fact checked icon
ByMark Fitzpatrick
fact checked icon
Reviewed byMark Friedlander
Edited byDenise Cristobal
fact checked icon

Updated: May 29, 2024

Advertising & Editorial Disclosure

Full coverage car insurance in Indiana has an average annual cost of $843. If you seek minimum coverage, the annual cost is around $289.

Car insurance premiums are influenced by factors such as the driver's age, coverage level, where you live, your driving record and your credit history. Insurance companies assess these factors to determine your car insurance premium.

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.

recency icon

These rates reflect the average cost of car insurance in Indiana as of 2024.

39,388Quotes Analyzed
 
13Companies Compared
 
64ZIP Codes

Average Car Insurance Costs in Indiana

The average cost of full coverage car insurance in Indiana is $843 per year. 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.Average Annual Premium$843Average Monthly Premium$70
100/300/100 Liability OnlyAverage Annual Premium$450Average Monthly Premium$37
State Minimum Liability OnlyAverage Annual Premium$389Average Monthly Premium$32

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 $843, which is less than the national average cost of $1,244 per year. Similarly, Indiana's state minimum coverage costs approximately $389 per year, which is also cheaper than the national average of $573 for the same level of coverage.

Prices in Indiana are generally moderate due to factors such as lower population density, which can lead to fewer accidents and claims. 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. Auto-Owners offers the most affordable full coverage in Indiana, with an average annual premium of $589. State Farm has the highest average premium at $1,050 per year. These figures show the significant price difference among providers for similar coverage.

Understanding this variation highlights why it's crucial to compare car insurance quotes. 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:
Coverage:
Coverage:Full Coverage
Age Group:
Age Group:30-59
Auto-Owners Insurance CoAnnual Premium$589Monthly Premium$49
American FamilyAnnual Premium$597Monthly Premium$50
TravelersAnnual Premium$763Monthly Premium$64
GEICOAnnual Premium$765Monthly Premium$64
ProgressiveAnnual Premium$775Monthly Premium$65
WestfieldAnnual Premium$788Monthly Premium$66
Grange InsuranceAnnual Premium$845Monthly Premium$70
NationwideAnnual Premium$937Monthly Premium$78
Loading...

Average Car Insurance Costs in Indiana by Coverage Level

The cost of car insurance in Indiana is also determined by the level of coverage you choose. The average monthly cost for minimum coverage is $32, whereas opting for full coverage with a deductible of $1,000 is about $70 per month. Despite being more expensive, choosing full coverage car insurance is often recommended for its comprehensive protection.

Integrating both comprehensive and collision coverage into your policy raises your premium. However, you can mitigate this increase by selecting a higher deductible, like a $1,000 deductible. Keep in mind that the deductible amount applies individually to each comprehensive and collision coverage claim.

State Minimum Liability OnlyAverage Annual Premium$389Average Monthly Premium$32
100/300/100 Liability OnlyAverage Annual Premium$450Average Monthly Premium$37
300/500/300 Liability OnlyAverage Annual Premium$530Average Monthly Premium$44
State Minimum Liability w/ Full Cov. w/$1,500 Ded.Average Annual Premium$730Average Monthly Premium$61
State Minimum Liability w/ Full Cov. w/$1,000 Ded.Average Annual Premium$782Average Monthly Premium$65
100/300/100 Full Cov. w/$1,500 Ded.Average Annual Premium$791Average Monthly Premium$66
100/300/100 Full Cov. w/$1,000 Ded.Average Annual Premium$843Average Monthly Premium$70
300/500/300 Full Cov. w/$1,500 Ded.Average Annual Premium$871Average Monthly Premium$73

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.

    injury icon

    $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.

    firstAidKit icon

    $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.

    accident2 icon

    $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.

EvansvilleFull Coverage Annual Premium$801Minimum Coverage Annual Premium$416
Fort WayneFull Coverage Annual Premium$754Minimum Coverage Annual Premium$385
IndianapolisFull Coverage Annual Premium$847Minimum Coverage Annual Premium$419
South BendFull Coverage Annual Premium$758Minimum Coverage Annual Premium$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. Insurance costs usually decrease as drivers gain experience.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
22-29Average Annual Premium$1,030Average Monthly Premium$86
30-59Average Annual Premium$843Average Monthly Premium$70
60 +Average Annual Premium$796Average Monthly Premium$66

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.

Data filtered by:Results filtered by:
Gender:
Gender:Male
16Added to Family Policy Premium$2,133Individual Premium$4,526
17Added to Family Policy Premium$2,018Individual Premium$3,429
18Added to Family Policy Premium$1,714Individual Premium$2,892
19Added to Family Policy Premium$1,539Individual Premium$2,166
20Added to Family Policy Premium$1,565Individual Premium$1,900
21Added to Family Policy Premium$1,269Individual Premium$1,526
22Added to Family Policy Premium$1,277Individual Premium$1,387
23Added to Family Policy Premium$1,318Individual Premium$1,236

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.

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
Age Group:
Age Group:30-59
2012 VehicleAnnual Premium$717Monthly Premium$60
2022 VehicleAnnual Premium$908Monthly Premium$76
mglogo icon
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 $843 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: $1,107 per year; $92 per month
  • With an at-fault accident: $1,355 per year; $113 per month
  • With a DUI: $1,474 per year; $123 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.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
Age Group:
Age Group:30-59
CleanAverage Annual Premium$843Average Monthly Premium$70
TicketAverage Annual Premium$1,107Average Monthly Premium$92
At-fault AccidentAverage Annual Premium$1,355Average Monthly Premium$113
DUIAverage Annual Premium$1,474Average Monthly Premium$123

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.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 w/ $1000 Deductible
Age Group:
Age Group:30-59
ExcellentAnnual Premium$569Monthly Premium$47
GoodAnnual Premium$691Monthly Premium$58
FairAnnual Premium$827Monthly Premium$69
Below FairAnnual Premium$973Monthly Premium$81
PoorAnnual Premium$1,161Monthly Premium$97
Loading...

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.

    shoppingCart icon

    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.

    seatbelt icon

    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.

    barChart icon

    Increase your deductible

    Opting for a higher deductible can lower your monthly premiums. Ensure you can afford the deductible in case of a claim.

    homeInsurance icon

    Bundle insurance policies

    Bundling car insurance with other policies like home insurance may unlock discounts. Insurers often reward multiple policies with reduced rates.

    discount2 icon

    Look for discounts

    Many insurers offer discounts such as for multiple cars, good students or anti-theft devices. Always ask about potential savings.

    car2 icon

    Drive a car with lower insurance costs

    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.

    carInsurance icon

    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 frequently asked 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?
What is the average cost of full coverage and minimum coverage auto insurance in Indiana?
What is the average cost of car insurance for a 22-year-old in Indiana?
What are the cheapest car insurance companies in Indiana?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.