The Best Car Insurance in Indiana for 2022

When shopping for the best car insurance, consider a balance in affordability, customer satisfaction and financial stability. The best auto insurer in Indiana is Erie. It ranked first for affordability, claims and customer satisfaction. It tied second for financial stability.

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Last Updated: 9/20/2022
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Based on MoneyGeek’s analysis, Erie is the best insurance provider in Indiana. However, the best for you may be different as it will depend on what factors you are most interested in. MoneyGeek broke down the top car insurance companies in Indiana for drivers focused on customer service, those on a budget, students and more.

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

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Best Car Insurance Companies in Indiana: Overall

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

  • Erie: MoneyGeek score of 5 out of 5
  • GEICO: MoneyGeek score of 4 out of 5

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.

The Top 5 Car Insurance Companies in Indiana

1
Erie
Score:4.8

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.

More About Erie

Better car replacement is a coverage rarely offered by auto insurance companies. You can get this as an add-on feature. It allows you to replace your insured car if it’s totaled in an accident with the newest model year. 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.

Read MoneyGeek's Erie auto Insurance Review
2
GEICO
Score:4.2

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.

More About GEICO

Mechanical breakdown insurance (MBI) covers all parts and systems of your vehicle. This is a better and cheaper deal than the typical dealer extended warranty. MBI is available for new and leased cars that are less than 15 months old and with less than 15,000 miles. GEICO also has accident forgiveness, which waives the premium surcharge for your first at-fault accident. You can purchase this add-on or earn it if you’re over 21 and have been accident-free for five years.

Read MoneyGeek's GEICO auto Insurance Review
3
State Farm
Score:4.1

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, tied second for claims and user satisfaction, and tied 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.

Read MoneyGeek's State Farm auto Insurance Review
4
Progressive
Score:3.9

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.

Read MoneyGeek's Progressive auto Insurance Review
5
United Farm Bureau of IN Group
Score:3.5

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 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

MoneyGeek collected full coverage insurance for a sample driver from various car insurers in Indiana. The actual cost of insurance may vary depending on your needs and circumstances. In calculating scores, MoneyGeek also considered NAIC claims ratings and J.D. Power customer satisfaction scores. If you want to know more about the sample drivers, policy and assumptions, read MoneyGeek’s methodology.

MoneyGeek's Indiana Car Insurance Resources:

Compare the Best Insurance Options in Indiana

Various factors affect auto insurance rates. These include cost, service quality and financial strength. The best car insurance in Indiana for you will depend on the combination that fits your needs and the coverages you choose. Use MoneyGeek’s comparison and reviews as a guide when looking for the most accurate policy.

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Best Car Insurance in Indiana for Customer Service

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

  • Erie: MoneyGeek score of 5 out of 5
  • United Farm Bureau of IN Group: MoneyGeek score of 5 out of 5

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

The Top 2 Car Insurance Companies in Indiana for Service Quality

1
Erie
Score:4.7

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 surcharge the first time you are in an at-fault accident.

Read MoneyGeek's Erie auto Insurance Review
2
United Farm Bureau of IN Group
Score:4.7

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. One of these is rental car reimbursement. With this, you can get reimbursed for car rental expenses with upgrades available. The base coverage is $30 per day.

Best Car Insurance in Indiana for Drivers on a Budget

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

  • Erie: MoneyGeek score of 4.8 out of 5
  • State Farm: MoneyGeek score of 4.3 out of 5

Buying a policy that only meets the state minimum coverage requirements may 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.

MoneyGeek’s Pick: Erie

Erie

pros

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Affordable minimum coverage policy at $290 per year.

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

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MoneyGeek claims rating of 4.5 out of 5.

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MoneyGeek user satisfaction rating of 5 out of 5.

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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.

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.

Best Car Insurance in Indiana for Poor 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 4.8 out of 5
  • State Farm: MoneyGeek score of 4.2 out of 5

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.

MoneyGeek’s Pick: Erie

Erie

pros

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

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

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MoneyGeek claims rating of 4.5 out of 5.

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MoneyGeek user satisfaction rating of 5 out of 5.

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Does not offer roadside assistance coverage.

COMPANY HIGHLIGHTS

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

Additionally, Erie also offers add-on features for its policyholders. Here are some of them:

  • Rental car reimbursement: This coverage pays for the cost of a rental car if your insured car is in a 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 newest model 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.

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

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Affordable policy.

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Offers rideshare insurance and vehicle storage discount.

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MoneyGeek claims rating of 5 out of 5.

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MoneyGeek user satisfaction rating of 5 out of 5.

cons

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Only available to military families.

COMPANY HIGHLIGHTS

USAA is almost always among the most affordable companies. It also offers great service 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 road 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.

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 4.2 out of 5
  • GEICO: MoneyGeek score of 4 out of 5

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 driver types.

MoneyGeek’s Pick: Progressive

Progressive

pros

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

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Student-related discounts like good student and distant student.

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MoneyGeek user satisfaction rating of 4 out of 5.

cons

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No driver’s education discounts.

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MoneyGeek claims rating of 3.5 out of 5.

COMPANY HIGHLIGHTS

Typically, the cost of car insurance can be expensive for young drivers. Progressive is a good option: It has the cheapest average rate and offers good customer service. Since you are more likely to need the services of your insurance provider at a time of crisis, it’s to your advantage to choose a company with a high rating in terms of 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. The distant student discount applies to young drivers staying 100 miles away from home with no vehicle at school.

Best Car Insurance in Indiana for Those With New Cars

MoneyGeek also found the best auto insurance provider in Indiana for those with new cars is Erie, which scored 4.8 out of 5. 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 for which 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

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Affordable car insurance at $546 per year on average.

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New car replacement.

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Better car replacement.

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MoneyGeek claims rating of 4.5 out of 5.

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MoneyGeek customer satisfaction rating of 5 out of 5.

cons

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Pricing may vary based on your driving history.

COMPANY HIGHLIGHTS

Erie is a great option for new car drivers 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 in 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.

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 rate 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

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Affordable rates for low-mileage drivers.

cons

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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.

How to Find the Best Car Insurance in Indiana in 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.

Expert Advice: Finding the Best Auto Insurance in Indiana

  1. What is the best way to figure out which insurer is best for me in Indiana?
  2. What are the best coverages to add to your car insurance policy in Indiana?
Kane Brolin
Kane Brolin

CERTIFIED FINANCIAL PLANNER™ Practitioner

 Thomas Kopelman
Thomas Kopelman

Co-Founder and Financial Partner at AllStreet Wealth

Methodology

To find the best car insurance companies in Indiana, MoneyGeek developed a scoring system that looks at a company’s customer and claims satisfaction records, affordability and financial strength. Our scores were guided by evaluations conducted by industry leaders J.D. Power, AM Best and the National Association of Insurance Commissioners (NAIC).

MoneyGeek analyzed 1,024 quotes from eight insurance providers over eight different ZIP codes to find the best insurance companies in Indiana. We then applied different weights to customer satisfaction, affordability and financial stability, as follows:

  • General customer and claims satisfaction (60%): A company's overall customer service rating, which weighs customer satisfaction and claim satisfaction at 30% each, was transposed to a five-point scale.
  • Affordability (30%): Moneygeek evaluated the average costs of car insurance policies in Indiana and assigned each company an affordability score of one to five.
  • Financial stability (10%): Guided by the AM Best evaluations, MoneyGeek also reviewed an insurer’s ability to pay its claims.

The best policy options vary for different driver types. MoneyGeek further adjusted company scores to have specific weightings for each driver category. Companies with the highest scores, based on these weightings, were considered the best car insurance options in Indiana.

  • MoneyGeek did not consider affordability scores for the best customer service category.
  • For drivers on a budget, we considered the minimum coverage policy rather than a full coverage policy.
  • We adjusted affordability scores to reflect rates based on a driver’s age or driving history.

A full coverage policies have the following limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $100,000 property damage liability
  • Comprehensive and collision coverage with a $1,000 deductible

To obtain quotes, MoneyGeek used the profile of a 40-year-old Toyota Camry driver with a clean record. See our methodology page for full details, including how we calculate average premiums and obtain quotes.

About the Author


expert-profile

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.