The Best Car Insurance in Indiana for 2023

When shopping for the best car insurance, consider a balance between affordability, customer satisfaction and financial stability. Based on MoneyGeek's scoring system, the best auto insurer in Indiana is Erie. It ranked first for affordability, claims and customer satisfaction. It tied second for financial stability.

The best provider for you, however, is decided by your specific needs. For example, USAA is the best insurer for military personnel, while Progressive is the top car insurance provider for young drivers.

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Advertising & Editorial DisclosureLast Updated: 12/22/2022
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2023

If you are focused on affordability, MoneyGeek also ranked the cheapest auto insurance in Indiana.

Best Full Coverage Car Insurance Companies in Indiana: Overall

Based on MoneyGeek’s findings, the top-rated companies in Indiana are:

  • Erie: MoneyGeek score of 96 out of 100 (approximately $546 per year)
  • GEICO: MoneyGeek score of 83 out of 100 (approximately $572 per year)

MoneyGeek based the above scores on average annual cost, user satisfaction and claims ratings. Companies with a balance of these scores were considered the best auto insurers in the state.

Furthermore, for individuals looking to save money, MoneyGeek reviewed the best cheap full coverage auto insurance in Indiana.

THE TOP CAR INSURANCE COMPANIES IN INDIANA

1
ErieBest Overall
Score:96

5/5

Affordability

4.5/5

Claims

5/5

User Satisfaction

4.5/5

Financial Stability

Geek Quick Take
Geek Quick Take

Erie ranked first for affordability, claims and customer satisfaction. It tied second for financial stability. The average cost of a full coverage Erie policy is $546 per year. The company also offers better car replacement insurance.

Average Annual Cost: $546

More About Erie

Better car replacement is a coverage rarely offered by auto insurance companies. You can get this as an add-on feature with Erie. It allows you to replace your insured car with the newest model year if it’s totaled in an accident. The covered car must be two years old or newer at the time of the accident. If you’ve had your car for longer than two years, you’ll get a model that’s two years newer.

They provide accident forgiveness coverage to drivers with three claims-free years with Erie. For context, Erie will not charge you a fee if you are involved in an at-fault collision for the first time in three years. This coverage does not apply to the Erie Rate Lock feature.

2
GEICO
Score:83

4.7/5

Affordability

3.5/5

Claims

4/5

User Satisfaction

5/5

Financial Stability

Geek Quick Take
Geek Quick Take

GEICO full coverage car insurance policies cost an average of $572 per year, the second cheapest in the state. The company ranked first for financial stability and third for claims and customer satisfaction. GEICO offers policyholders mechanical breakdown insurance.

Average Annual Cost: $572

More About GEICO

GEICO’s mechanical breakdown insurance (MBI) covers all parts and systems of your vehicle. This is a better and cheaper option than the typical dealer extended warranty. MBI is available for new and leased cars less than 15 months old with fewer than 15,000 miles.

GEICO also has accident forgiveness. Your GEICO auto insurance premium will not increase after your first at-fault accident if you have this add-on. This means that for the first accident that is the fault of an insured motorist, GEICO will not charge a fee. Note that this coverage is per policy and not per driver. In addition, it is only available for those above the age of 21 who have been accident-free for five years.

3
State Farm
Score:81

3.7/5

Affordability

4/5

Claims

4.5/5

User Satisfaction

4/5

Financial Stability

Geek Quick Take
Geek Quick Take

State Farm costs an average of $646 annually and offers rideshare insurance. The company ranked fourth (out of eight companies compared) for affordability, second for claims and user satisfaction and third for financial stability. State Farm offers rideshare insurance as an add-on feature.

More About State Farm

Rideshare insurance ensures that the coverage in your personal auto policy remains in effect when you’re driving for a ridesharing company. This includes medical, emergency roadside assistance and rental car reimbursement. It extends all coverages when the app is on and when you are available for hire. All coverages, except liability insurance, remain while you are transporting a rider.

4
Progressive
Score:78

4/5

Affordability

3.5/5

Claims

4/5

User Satisfaction

4.5/5

Financial Stability

Geek Quick Take
Geek Quick Take

Progressive ranked third for affordability with an average annual rate of $626. It tied second for financial stability, third for user satisfaction and third for claims. The company offers custom parts coverage.

More About Progressive

Progressive’s custom parts and equipment coverage insures items not installed by the original manufacturer. These may include a stereo, navigation system, custom wheels or a paint job. The usual limit for this coverage is $5,000. You can also buy an add-on called deductible savings bank. This coverage subtracts $50 from your comprehensive or collision deductible for each six-month period you go without an accident or violation.

5
United Farm Bureau of IN Group
Score:70

0.8/5

Affordability

4.5/5

Claims

5/5

User Satisfaction

4/5

Financial Stability

Geek Quick Take
Geek Quick Take

United Farm Bureau of IN Group ranked first for customer satisfaction and claims, tied third for financial stability and came in second last in terms of affordability. It costs an average of $873 per year for full coverage. The insurer offers accident forgiveness.

More About United Farm Bureau of IN Group

Accident forgiveness is an optional coverage that ensures a loss will not count against you if an accident is not your fault. Another add-on is the new car replacement. If you’re in an accident in your new car, you’ll be reimbursed for the replacement cost amount if your insured car is totaled within the first 12 months or 15,000 miles.

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HOW WE DETERMINED THE BEST INSURANCE IN INDIANA

If you are looking for the best auto insurance in Indiana, you will have to consider various factors and pick the company that balances price, quality service and financial stability to your satisfaction.

MoneyGeek collected information based on these factors from the top car insurance companies in Indiana for you. You can also go through the process yourself and compare your options.

MoneyGeek's Indiana Car Insurance Resources:

Best Car Insurance in Indiana for Customer Service

The highest-scoring companies in Indiana for customer service are:

  • Erie: MoneyGeek score of 95 out of 100
  • United Farm Bureau of IN Group: MoneyGeek score of 94 out of 100

MoneyGeek focused on claims ratings and user satisfaction without considering the cost of coverage to determine these ratings.

THE TOP TWO CAR INSURANCE COMPANIES IN INDIANA FOR SERVICE QUALITY

1
ErieBest for Customer Service
Score:95

4.5/5

Claims

5/5

User Satisfaction

4.5/5

Financial Stability

Geek Quick Take
Geek Quick Take

Erie ranked first for user satisfaction and tied second for claims. It also has the most affordable average rate, which means you get excellent customer service at the best price.

More About Erie

Erie policyholders can choose to buy additional coverages. One of the options is accident forgiveness. After three claims-free years with Erie, you can be assured that there will be no increase in your premiums the first time you are in an at-fault accident.

Erie also provides rental vehicle and/or trip reimbursement coverage, ensuring that you have transportation when you need it if your car is in the shop due to an accident. They also provide new car replacement coverage, often called Auto Security coverage. This means that if your new car is wrecked, it will be replaced with the most recent model year if you've owned it for less than two years. Otherwise, if you've owned your car for more than two years, you'll receive a two-year-older model.

2
United Farm Bureau of IN Group
Score:94

4.5/5

Claims

5/5

User Satisfaction

4/5

Financial Stability

Geek Quick Take
Geek Quick Take

United Farm Bureau of IN Group tied first for customer satisfaction and second for claims. It ranked third for financial stability.

More About United Farm Bureau of IN Group

United Farm Bureau of IN Group offers different add-on features to its policyholders to ensure they have maximum protection. One of these is rental car reimbursement. With this coverage, you can get reimbursed for car rental expenses with upgrades available. The base coverage is $30 per day.

This insurer also provides new car replacement. If you are in an accident and your vehicle is a total loss, they will refund the replacement cost of your new vehicle within the first 12 months or 15,000 miles. In addition, if an accident is ruled to be not your fault, the loss will not be counted against you, regardless of whether United Farm Bureau of IN Group has received payment from the liable insurance provider.

Best Car Insurance in Indiana for Minimum Coverage

The top two insurers in Indiana for drivers on a budget are:

  • Erie: MoneyGeek score of 96 out of 100 (approximately $290 per year)
  • State Farm: MoneyGeek score of 86 out of 100 (approximately $324 per year)

Buying a policy that only meets the state minimum coverage requirements could be a good option for drivers looking for cheap car insurance in Indiana.

The above rankings show that Erie and State Farm are the best car insurance companies in Indiana based on the affordability of their minimum coverage policies and customer service ratings.

Budget-conscious Indiana residents may also benefit from MoneyGeek's research on the best options for low-cost, minimum-coverage auto insurance.

MoneyGeek’s Pick: Erie

Erie

pros

Affordable minimum coverage policy at $290 per year.

Discounts including for bundling, anti-theft system and full payment.

MoneyGeek claims rating of 4.5 out of 5.

MoneyGeek user satisfaction rating of 5 out of 5.

cons

No good student, safe driving or multiple car discounts.

COMPANY HIGHLIGHTS

Erie gives its policyholders opportunities to save on their insurance policies by offering various discounts. For instance, bundling auto insurance with other Erie insurance products can help you qualify for a discount. These can include having multiple cars, life insurance or a home policy as well as auto insurance.

Erie also rewards safety. You can take advantage of discounts by installing an anti-theft system and/or airbags. Another discount offer is for anti-lock brakes, which is not offered by all companies.

Furthermore, paying for auto insurance in installments may be convenient for budget-conscious drivers. However, if you pay your yearly premium in full, you will get a discount.

Taking advantage of as many of these discounts as possible can help you save money on your car insurance premiums.

Read MoneyGeek's Erie Auto Insurance Review

Best Car Insurance in Indiana for Young Drivers and Students

Based on MoneyGeek’s scores, the top insurers in Indiana that balance affordability and customer service for young drivers are:

  • Progressive: MoneyGeek score of 84 out of 100 (approximately $1,275 per year)
  • GEICO: MoneyGeek score of 79 out of 100 (approximately $1,412)

MoneyGeek analyzed the best auto insurance companies in Indiana for brand-new drivers, teen drivers and students. We found that Progressive and GEICO offer the best rates for these types of drivers. ​​MoneyGeek also reviewed the most affordable car insurance in Indiana for young drivers and students.

MoneyGeek’s Pick: Progressive

Progressive

pros

Most affordable policy for young drivers at $1,275 per year.

Student-related discounts like good student and distant student.

MoneyGeek user satisfaction rating of 4 out of 5.

cons

No driver’s education discounts.

MoneyGeek claims rating of 3.5 out of 5.

COMPANY HIGHLIGHTS

In most cases, premiums for young drivers' auto insurance will be much higher than those for middle-aged drivers. Progressive is a good option for young drivers since it has the lowest average premium and provides excellent customer service. Progressive also has the lowest deductible amount. Since you are more likely to find yourself in need of the services of your insurance provider during a time of crisis, it is in your best interest to choose a company that has earned a strong reputation for providing excellent customer service.

Families with young drivers can take advantage of student-related discounts. The good student discount rewards young drivers who have a B average or better. Plus, the distant student discount applies to young drivers staying 100 miles away from home with no vehicle at school.

Read MoneyGeek's Progressive Auto Insurance Review

Best Car Insurance in Indiana for Seniors

MoneyGeek compared the best Indiana auto insurance companies for senior drivers based on cost and customer service. MoneyGeek's top picks are:

  • Erie: MoneyGeek score of 94 out 100 (approximately $591 per year)
  • GEICO: MoneyGeek score of 85 out of 100 (approximately $561 per year)

MoneyGeek chose the top carriers because they strike a balance between affordability and customer service. MoneyGeek also examined the cheapest Indiana auto insurance for seniors who are more concerned about cost.

MoneyGeek’s Pick: Erie

Erie

pros

One of the most affordable companies for seniors at $591 per year

Received perfect score of 5 out of 5 for MoneyGeek claims and user satisfaction

Offers rental car and/or travel reimbursement and new car replacement coverages

cons

Doesn’t offer safe driving and drivers education discounts

Doesn’t offer senior or defensive driving discounts

COMPANY HIGHLIGHTS

Senior car insurance rates are often higher than those of other age groups. However, considering the superior quality of its service and track record of customer satisfaction, Erie charges a reasonable fee. One of the best aspects of this insurer is that it achieved a perfect score of 5 out of 5 in both the claims and customer satisfaction categories.

Erie offers new car replacement coverage as an add-on. This coverage is also known as Auto Security since it covers the cost of replacing your vehicle. If your new car is damaged, it will be replaced with the most current model year if you've had it less than two years or with a model two years newer if you've had it longer.

Read MoneyGeek's Erie Auto Insurance Review

Best Car Insurance in Indiana for Bad Driving Records

The top two companies that provide the best balance of affordability and quality service based on MoneyGeek’s analysis are the following:

  • Erie: MoneyGeek score of 96 out of 100 (approximately $738 per year)
  • State Farm: MoneyGeek score of 84 out of 100 (approximately $871 per year)

Getting involved in an at-fault accident can lead to higher insurance rates. But Indiana drivers can still find affordable insurance with quality service from the above companies.

Additionally, if you have a DUI in Indiana, it’s important to find the best insurance companies to ensure you get good coverage at an affordable price.

MoneyGeek’s Pick: Erie

Erie

pros

Affordable full coverage policy for poor drivers at $738 per year.

Offers rental car reimbursement, accident forgiveness, new car replacement and better car replacement.

MoneyGeek claims rating of 4.5 out of 5.

MoneyGeek user satisfaction rating of 5 out of 5.

cons

Does not offer roadside assistance coverage.

COMPANY HIGHLIGHTS

Erie is among the companies offering the best policies for Indiana drivers with poor driving records. With an average rate of $738 per year, the company ranked first in terms of affordability, claims and customer satisfaction.

Erie offers add-on features for its policyholders, including:

  • Rental Car Reimbursement: This coverage pays for the cost of a rental car if your insured car is in the shop for repair after an accident.
  • Accident Forgiveness: If you’ve been with Erie for three claims-free years, this coverage ensures your premiums won’t go up after your first at-fault accident.
  • New Car Replacement: You can get a new replacement car if your insured vehicle gets totaled within two years of purchase.
  • Better Car Replacement: If you’ve had your insured car longer than two years when it’s totaled, this add-on pays for the cost of replacing it with a model that’s two years newer.
Read MoneyGeek's Erie Auto Insurance Review

Best Car Insurance in Indiana for a Military Background

USAA is the best car insurance in Indiana for military members, veterans and their families. It scored 5 out of 5 for affordability, claims ratings and user satisfaction.

The insurer tied with Erie in customer satisfaction and affordability and received the highest score for claims rating across all companies.

MoneyGeek’s Pick: USAA

USAA

pros

Affordable policy.

Offers rideshare insurance and vehicle storage discount.

MoneyGeek claims rating of 5 out of 5.

MoneyGeek user satisfaction rating of 5 out of 5.

cons

Only available to military families.

COMPANY HIGHLIGHTS

USAA is almost always among the most affordable companies in the United States. It offers great service for military members and their families in Indiana. Additionally, the company has one of the best reputations in the country.

USAA offers optional coverages and useful discounts that Indiana drivers may find helpful, such as:

  • Rideshare Gap Coverage: This add-on coverage is best for drivers looking for protection while they are waiting for a rideshare request.
  • Roadside Assistance: This optional insurance coverage pays for emergency roadside assistance.
  • Vehicle Storage Discount: USAA policyholders can get up to 60% discount if they keep their insured car in a designated storage facility.
  • Defensive Driving: The company offers discounts to individuals who complete a defensive driving course.
Read MoneyGeek's USAA Auto Insurance Review

Best Car Insurance in Indiana for Those With New Cars

MoneyGeek found that the best auto insurance provider in Indiana for those with new cars is Erie, which scored 96 out of 100 (approximately $546 per year). Erie is a good choice for drivers looking for a policy that offers new car replacement or better car replacement options. Both are add-on coverages, which means that you pay extra.

New car replacement refers to coverage that pays to replace your covered car with a brand new one of the same make, model and brand if it gets totaled within a specific time after purchase. With better car replacement, your insured car is replaced with a newer model.

MoneyGeek’s Pick: Erie

Erie

pros

Affordable car insurance at $546 per year on average.

New car replacement.

Better car replacement.

MoneyGeek claims rating of 4.5 out of 5.

MoneyGeek customer satisfaction rating of 5 out of 5.

cons

Pricing may vary based on your driving history.

COMPANY HIGHLIGHTS

Erie is a great option for new car owners because it offers new car replacement and better car replacement coverages. The value of a car depreciates as soon as you drive it off the lot. Getting new or better car replacement coverage will help protect your finances if you get into an accident after buying a car.

  • New Car Replacement: Erie’s new car replacement coverage pays for the replacement of your insured car if it gets totaled within two years after you buy it. The replacement is a brand new car of a similar make and model, regardless of your car’s depreciated value.
  • Better Car Replacement: This is a coverage rarely offered by insurers. With better car replacement, you get a model that’s two years newer as a replacement if you’ve had your car longer than two years.
Read MoneyGeek's Erie Auto Insurance Review

Best Car Insurance in Indiana for Low-Mileage Drivers

In Indiana, Nationwide SmartMiles offers the best pay-per-mile program.

Pay-per-mile insurance can be a great option for low-mileage drivers. The premium is based on how many miles the policyholder drives. Many companies are expanding these types of programs for low-mileage drivers.

MoneyGeek’s Pick: Nationwide

Nationwide

pros

Affordable rates for low-mileage drivers.

cons

Rates may be more expensive than standard auto insurance if you drive regularly.

COMPANY HIGHLIGHTS

Nationwide SmartMiles is a good choice for low-mileage drivers looking for affordable car insurance in Indiana. You pay a base rate and a variable rate that depends on how many miles you drive. If you go on a road trip, only the first 250 miles count in a single day. Additionally, you can earn up to 10% if you are a safe driver.

The SmartMiles rate consists of a variable and a base rate (cost per mile). With a mileage-based variable, your monthly payment will fluctuate as you travel more or less miles each month.

Nationwide SmartMiles is suitable for residents who live in the city, remote workers and those with a second vehicle that is seldom used. It’s a great way to save money.

Read MoneyGeek's Nationwide Auto Insurance Review

How to Find the Best Car Insurance in Indiana For You

If you are looking for the best auto insurance in Indiana, you will have to consider various factors and pick the company that balances price, quality service and financial stability to your satisfaction.

MoneyGeek collected information based on these factors from the top car insurance companies in Indiana for you. You can also go through the process yourself and compare your options.

1

Research customer service reputations in Indiana

To help you find the best car insurance in Indiana, MoneyGeek gathered car insurance quotes across various providers in Indiana using a sample driver. We also used the National Association of Insurance Commissioners (NAIC) complaint ratios and J.D. Power customer satisfaction scores. You can check J.D. Power and NAIC ratings yourself. You can also learn more about auto insurance by visiting the Indiana Department of Insurance.

2

Compare quotes for yourself

The insurance quotes in this analysis are averages for sample drivers in most of Indiana. However, it does not cover the entire state. Compare quotes from at least three insurers to get a better idea of insurance coverages and costs in your area.

3

Make sure the company has coverages you want in Indiana

Insurers advertise the coverages and discounts they offer. That doesn’t necessarily mean that all of these offers are available in your state. You need to confirm with insurance companies which features they offer in Indiana.

4

Double-check financial stability ratings

Financial strength rating is an important consideration when looking for the best auto insurance in Indiana. Large companies tend to be more financially stable compared to regional insurance companies. That means they are more likely to pay out claims.

FAQs About the Best Car Insurance in Indiana

When looking for the best car insurance in Indiana, consider your needs and determine the factors you value most. MoneyGeek answers some frequently asked questions about auto insurance below.

About the Author


Mark Fitzpatrick headshot

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.