Indiana Car Insurance Calculators: Cost & Coverage

• Rate data comes from carrier filings collected by Quadrant Information Services, updated monthly.
• The calculator uses your ZIP code to return rates from companies that actually write policies in your area, including Indiana Farmers Insurance and Hastings Insurance, which don't appear on most national comparison sites. If you've only quoted national carriers, you may be missing options that price below Indiana's $85 a month average.
• Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, authored this content. Mark Friedlander reviewed it.
• No insurance company paid to appear in this calculator or in MoneyGeek's rate tables.

In Indiana, two drivers with the same age, same car, and same history can pay $58 a month more or less depending only on which insurance company they chose. GEICO charges $63 a month for full coverage, meaning the insurance that covers both damage to your own car and damage you cause to others. Allstate prices it at $121 a month.

Three insurance companies that sell car insurance in Indiana don't show up on big national comparison websites, because those websites only list companies that operate in all or most states. Hastings Insurance prices full coverage at $73 a month, Indiana Farmers Insurance at $77 a month, and Farm Bureau at $100 a month. Neither Hastings nor Indiana Farmers shows up on sites like Google or NerdWallet's comparison tools, and both charge less than Indiana's $85 a month average.

The cheapest insurance company for one type of driver isn't always the cheapest for a different type of driver, so the best for you depends on your specific situation. Indiana Farmers Insurance at $126 a month is Indiana's cheapest for young drivers. Farmers, a completely separate company with a similar name, charges $362 a month for the same young driver. That's $236 a month more, or $2,832 extra per year, which you'd only know to avoid if both companies were being compared at the same time. For drivers who have a DUI on their record, Progressive charges the least in Indiana at $83 a month. 

Hastings charges $314 a month for the same driver with a DUI, which is 4.3 times what Hastings charges a driver with no violations. The cheapest insurance company for you depends on your specific situation, including your age, your driving history, and your credit, which is why MoneyGeek's cheapest car insurance in Indiana ranks by profile, not just by average rate.

The address where your car is registered determines your ZIP code. Insurance companies use that ZIP code to look up how many claims are filed in your area, then charge everyone in that area based on that local history. In Indiana, the cheapest legal amount of car insurance costs $37 a month in rural areas and $57 a month in Gary, a $20 a month difference, or $240 more per year, just because of where you live.

Gary is Indiana's most expensive city at $57 a month for minimum coverage. Indianapolis costs $50 a month, which is $7 a month less than Gary. Fort Wayne and Terre Haute are both $43 a month. Evansville is $46 a month. The cities in Lake County, along Indiana's border with Illinois, have Indiana's highest insurance prices: Gary at $57 a month, East Chicago at $55 a month, and Hammond at $53 a month.

If you're thinking about moving and want to know how it will affect your insurance price, look up the exact ZIP code rate before you assume a new address will be cheaper. A move from Gary to Indianapolis saves $7 a month. A move to Fort Wayne or rural Indiana saves $14 to $20 a month.

Your age changes your insurance price more than almost anything else in Indiana, and the price swings are large. Full coverage for a 16-year-old averages $483 a month. The same coverage at age 25 averages $125 a month. Young drivers in Indiana pay $208 a month on average, which is 2.45 times the $85 a month adult rate.

The biggest one-year price drop happens when you turn 19. Your insurance goes down by $67 a month on average, which is more than any other birthday between 17 and 25. The 24-to-25 drop is $23 a month. If you wait until you're 25 to get new quotes, you miss the $67 a month drop that happens at 19, and every year you wait costs you about $804 in savings you never got. Turning 25 still brings a $23 a month drop, but your 25th birthday isn't where the biggest savings happen. Getting new quotes when you turn 19 is how you get that $67 a month drop. 

If you also switch to a cheaper insurance company at 19, you can save an additional $58 a month on top of the birthday drop, because different companies charge very different prices. Senior drivers average $115 a month, which is 1.35 times the adult rate. Insurance prices in Indiana reach their lowest point at age 60, at $89 a month, because that's the age group with the fewest accidents and claims. After 60, prices start going back up: $103 a month at age 70 and $164 a month at age 90. 

The insurance company with the lowest price at age 60 may not have the lowest price at age 70, so it's worth getting new quotes at each of these key birthdays.

Your credit history can raise or lower your insurance price by up to $147 a month in Indiana. Poor credit averages $232 a month for full coverage. Good credit brings the average down to $85 a month.

In Indiana, better credit doesn't always mean a lower price, which surprises most people. Insurance companies sort credit scores into groups (poor, fair, good and excellent), and the "good" group actually gets the lowest rate in Indiana. Excellent credit averages $104 a month, which is $19 a month more than good. The penalty for excellent credit gets worse at the company level. Progressive charges $71 a month for drivers with good credit but $140 a month for drivers with excellent credit, a $69 a month increase if your score improved. Allstate prices good credit at $121 a month and excellent at $202 a month. 

A driver who moved from good to excellent credit and renewed with Progressive went from $71 to $140 a month. The opposite is true for drivers moving from poor credit to good: that shift saves $147 a month, or $1,764 a year. A driver with poor credit who drops to the cheapest legal coverage saves $43 a month but still pays $232 a month. A driver with good credit on full coverage pays $85 a month. The driver with fewer protections pays more. Your target in Indiana is "good" credit, not "excellent," because excellent costs more here. Insurers check your credit at signup but not mid-policy, so an improved score only lowers your rate if you request a new quote. 

That new quote delivers two things: the lower rate your credit now earns and the chance to find a cheaper company. Progressive and Allstate price credit tiers very differently, so the cheapest option at poor credit may not be cheapest once your score improves.

When you get a ticket or are in an accident, it goes on your official driving record. Insurance companies check that record when you get a new quote or renew your policy, then charge you more based on what they find. If you're in an accident that wasn't your fault, your price still goes up by $5 a month, because being in any accident, even one you didn't cause, makes insurers think you're more likely to be in another one. At-fault accidents add $37 a month, or $444/year. A DUI adds $79 a month, or $948/year.

In Indiana, insurance companies are only allowed to look back 2 years at your driving record when calculating your price. After that, past violations stop affecting what you pay, according to the Indiana Bureau of Motor Vehicles. Indiana uses a 2-year window. Most states use 3 years. After any violation in Indiana, the right time to get new quotes is month 25, because by then the violation has dropped off your record and won't raise your price anymore. In most states that takes until month 37.

After a DUI, the biggest factor in how much you pay isn't the DUI itself. It's which insurance company you're with. The price difference between companies is larger than the price increase from the DUI. In Indiana, the cheapest and most expensive insurance companies for a driver with a DUI are $231 a month apart. Progressive charges $83 a month for a driver with a DUI, only $12 a month more than they charge a driver with a clean history. Hastings Insurance charges $314 a month for the same driver with a DUI. A driver with a DUI who stays with Hastings instead of switching to Progressive pays $2,772/year more for the same violation.

The cheapest company on a clean record is not the cheapest after a DUI. MoneyGeek's guide to cheapest car insurance after a DUI shows which Indiana companies charge the least for drivers with a DUI on their record.

Choosing minimum coverage over full coverage saves $43 a month in Indiana, or $516/year. Full coverage averages $85 a month. Choosing minimum coverage brings that down to $42 a month.

A driver with poor credit who switches to the cheapest legal coverage saves $43 a month but is still paying $232 a month. A driver with good credit on full coverage pays $85 a month. The driver with fewer protections pays more.

Indiana law requires your insurance to cover at least $25,000 per person you injure in a crash, up to $50,000 total if multiple people are hurt. It also requires $25,000 for damage you cause to someone else's car or property, according to the Indiana Bureau of Motor Vehicles. A single hospitalization in Indianapolis can exceed $25,000 before property damage is addressed. If you cause a serious crash and only have the minimum insurance, you personally owe every dollar of damage that goes above those limits, out of your own pocket. 

If you're still making payments on your car, the bank or company that gave you the loan will require you to carry full coverage, because they want to make sure the car is protected since they still partly own it. You can switch to minimum coverage once the loan is paid off.

Whether it makes financial sense to pay for the part of your insurance that covers damage to your own car depends on how much your car is actually worth. Here's the calculation: take what your car is worth right now, then subtract your deductible. If that number is less than what you pay in a year for the coverage that protects your own car, the coverage costs more than it would ever pay out. When what you pay per year for this coverage is more than what you'd ever collect from a claim, removing the coverage saves you money in theory.

But Indiana's location matters here. The state sits in a path where severe storms regularly pass through. The state sits along storm patterns that produce repeated annual hail events across central and southern Indiana. A car that would be too old to bother insuring for weather damage in most states might still be worth keeping that coverage on in Indiana, because the chance of a hail claim is higher here. One hailstorm can damage your car enough that the insurance payout is larger than everything you would have saved by canceling the coverage over several years.

Before you cancel any part of your coverage, compare what your car is currently worth to what you're paying per year to insure it for damage. If you're still making payments on your car, the bank requires full coverage until the loan is paid off.

Bodily injury liability pays for the medical treatment and legal costs for anyone you injure in a crash you caused, including any money they claim for wages they couldn't earn while recovering. Indiana's minimum is $25,000 per person and $50,000 per accident. If one injured person's bills use up the full $25,000 per-person limit, there's nothing left for the second injured person under that same limit. Indiana is an at-fault state, so every dollar of a judgment above your policy limit is your personal debt. The amounts in your recommendation reflect the liability level that covers your actual exposure in a serious Indiana crash.

Property damage liability covers damage you cause to other people's vehicles and property in an at-fault crash. Indiana's minimum is $25,000 per accident. A newer vehicle can exceed that limit on its own before fence, building, or other property damage is counted. In an at-fault state, any damage above your coverage limit is your personal debt. Your insurance company stops paying, and you owe the rest. The recommendation increases this limit when your net worth creates real exposure to a judgment.

Uninsured and underinsured motorist coverage (UM/UIM) pays your medical bills and repair costs when the driver who hit you carries no insurance or not enough to cover your damages. Indiana law requires insurers to offer this coverage with every policy. Turning it down requires a written rejection form. Rejecting UM/UIM in a state where many drivers carry no insurance means that if one of those drivers hits you, you pay your own medical bills and repair costs, either through another part of your policy or from your own money.

Collision coverage pays for damage to your own car from a crash, regardless of fault. Comprehensive coverage pays for damage that isn't from a crash. The most common examples in Indiana are hail, theft, and flooding. Hail damage is the most common reason Indiana drivers make comprehensive claims. Lenders require both coverages until a vehicle loan is paid off. If you own your car with no loan, use the calculation in Factor 7 to decide whether collision and comprehensive coverage are still worth paying for.

Gap insurance pays the difference between what your car is worth right now and how much you still owe on your loan, if the car is totaled. Cars lose value faster than most loan payments reduce what you owe, so if your car is totaled early in the loan, the insurance payout based on the car's current value can be less than what you still owe the bank. Gap insurance covers that difference and matters most when you borrowed close to the full price of the car.

SR-22 is a form your insurance company files with the Indiana Bureau of Motor Vehicles (BMV) confirming your policy is active. How long you need to keep the SR-22 on file depends on what you did. If your license was suspended for driving without insurance, you must keep the SR-22 filing active for 180 days in a row without any breaks. A first or second no-insurance conviction requires three years, and a third or subsequent conviction requires five years, per the Indiana Bureau of Motor Vehicles Driver's Manual. If your policy cancels during the required period, the BMV is automatically notified and your driving privileges are suspended until an active SR-22 is on file.

1. Get quotes that include Indiana's regional carriers.  

   Indiana Farmers Insurance and Hastings Insurance sell car insurance in Indiana but don't appear on most national comparison tools. Hastings Insurance prices full coverage at $73 a month and Indiana Farmers Insurance at $77 a month. Both charge less than Indiana's $85 a month average. Farm Bureau at $100 a month is a third Indiana-specific option. Indiana Farmers Insurance is also Indiana's cheapest carrier for young drivers at $126 a month. MoneyGeek's cheapest car insurance in Indiana includes the full Indiana market.  

2. Complete a BMV-approved Driver Safety Program.  

   The Indiana BMV approves a Driver Safety Program that removes 4 points from your official driving record. Indiana adds points for violations, and a high point total can lead to a license suspension, so reducing your points lowers that risk. Approved courses cost up to $55 and take at least four hours. You can only remove points this way once every three years. Before you sign up, ask your insurance company whether completing the course will lower your price, because not all companies offer a discount for it. No percentage is set by the state.

3. Get new quotes at month 25 after any violation.  

   Indiana insurance companies are only allowed to look back 2 years at your driving record when calculating your price, per the Indiana Bureau of Motor Vehicles. Violations stop affecting your price one year earlier in Indiana than they do in most states. Month 25 is the right time to get new quotes, not month 37. If you have a DUI, it's worth getting new quotes from other companies before month 25, because the company cheapest for a clean record is often not the cheapest for a DUI record. Indiana's post-DUI spread reaches $231 a month, and the company cheapest after a DUI is not the company cheapest on a clean record.

4. Get new quotes at your 19th, 25th, 60th, and 70th birthdays.

   Indiana's largest year-over-year price drop is 18 to 19 at $67 a month. The 24-to-25 drop adds another $23 a month. Shop at both birthdays. Prices reach their lowest point at age 60 at $89 a month, then start going back up: $103 a month at 70 and $164 a month at 90. Re-quote at 60 and again at 70. The cheapest company at 60 may not be cheapest at 70.