Cheapest Car Insurance in Indiana (June 2024)


Enter your ZIP code to get started

Shield

Free. Simple. Secure.

Banner image
ByMark Fitzpatrick
Reviewed byMark Friedlander
Contributions by3 experts
fact checked icon
ByMark Fitzpatrick
fact checked icon
Reviewed byMark Friedlander
Contributions by3 experts
fact checked icon

Updated: June 9, 2024

Advertising & Editorial Disclosure

Auto-Owners offers the cheapest coverage in Indiana overall. Depending on your driver profile, American Family, USAA or Nationwide may be the most affordable options.

The best auto insurance providers in Indiana strike a balance between pricing and quality of customer service.

Why Trust MoneyGeek? MoneyGeek determined auto insurance rates in Indiana based on data and information from the Indiana Department of Insurance and Quadrant Information Services.

recency icon

These rates reflect the cheapest car insurance quotes in Indiana as of June 2024.

39,388Quotes Analyzed
 
13Companies Compared
 
64ZIP Codes

Cheapest Minimum Liability Car Insurance in Indiana (June 2024)

On average, the following companies offer the cheapest car insurance premiums in Indiana in accordance with state minimum requirements:

  • Auto-Owners Insurance Co: $238 per year
  • Westfield: $286 per year

According to MoneyGeek's research, Farmers is the most expensive provider in Indiana, at approximately $555 per for year. Only property damage liability and bodily injury liability are part of a minimum coverage policy in Indiana.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Minimum Coverage
Auto-Owners Insurance CoAnnual Premium$238Monthly Premium$20
WestfieldAnnual Premium$286Monthly Premium$24
American FamilyAnnual Premium$320Monthly Premium$27
ProgressiveAnnual Premium$341Monthly Premium$28
TravelersAnnual Premium$371Monthly Premium$31
GEICOAnnual Premium$381Monthly Premium$32
Grange InsuranceAnnual Premium$391Monthly Premium$33
State FarmAnnual Premium$402Monthly Premium$34

With minimum coverage, you are covered against injuries and damages you cause to others. This insurance policy does not cover damage to your car. The cost of repairing your vehicle is covered by a full coverage policy, which includes comprehensive and collision insurance.

Loading...

Find the Best Car Insurance in Indiana for You

 

Your preferences and insurance requirements may affect the auto insurance quotes you receive. You may use the table above to compare the cheapest car insurance rates for minimum coverage in Indiana.

Learn more about how much car insurance you need.

stats_indiana.png
Fast fact icon

MoneyGeek identified the best car insurance companies in Indiana based on quality and affordability.

Fast fact icon

We also evaluated the average cost of car insurance in Indiana for drivers who place a premium on affordability.

Cheapest Full Coverage Car Insurance in Indiana (June 2024)

On average, the following providers offer the cheapest full coverage car insurance rates in Indiana:

  • Auto-Owners Insurance Co: $589 per year
  • American Family: $593 per year

State Farm has the most expensive rate for full coverage in Indiana, at around $1,065 annually. Full coverage policies are often more expensive, but they protect you from on-road and off-road incidents. For instance, the full coverage policy costs $351 more than the minimum coverage policy from Auto-Owners.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
Auto-Owners Insurance CoAnnual Premium$589Monthly Premium$49
American FamilyAnnual Premium$593Monthly Premium$49
TravelersAnnual Premium$763Monthly Premium$64
GEICOAnnual Premium$765Monthly Premium$64
ProgressiveAnnual Premium$780Monthly Premium$65
WestfieldAnnual Premium$834Monthly Premium$69
Grange InsuranceAnnual Premium$852Monthly Premium$71
NationwideAnnual Premium$937Monthly Premium$78

Your premium is influenced by the amount of auto insurance you need. MoneyGeek’s sample full coverage policy includes:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $100,000 property damage liability per accident

Drivers in Indiana who want to save money can reduce their liability limits, drop comprehensive and collision coverage or raise their deductible. However, these cost-cutting measures might leave you with inadequate coverage and financially vulnerable to a major loss.

How to Compare Cheap Indiana Car Insurance Quotes Online

While many insurance companies offer the convenience of online quote tools, the process typically takes about 15 minutes to complete. In some instances, these websites may request personal information. Consequently, comparing estimates can consume a significant amount of time.

MoneyGeek's car insurance calculator does not need you to provide your personal information to different insurance companies. Simply enter your driving record, gender and age for a tailored estimate. Indiana drivers who want affordable auto insurance rates can use our tool as a starting point.

Auto Insurance Calculator

See how the Average Annual Auto Insurance Rates vary with the options chosen.

Indiana
Female
30-65
Clean

Average Annual Auto Insurance Rates

Click the section of the wheel in your price range to see options.

Low

Average

High

Click an insurer below to visit their review page or continue to your personalized quote.

Cheapest Car Insurance in Indiana by Age (June 2024)

Nationwide, American Family and Auto-Owners have the cheapest rates on average for various age groups.

mglogo icon
CHEAPEST CAR INSURANCE COMPANIES BY AGE

Cheapest for teens: Nationwide
Cheapest for young adults: American Family
Cheapest for seniors: Cheapest for seniors: Auto-Owners

Cheapest Car Insurance in Indiana for Teens and Their Families (June 2024)

These car insurance providers offer the cheapest car insurance policies in Indiana for teenagers on a family plan:

  • Nationwide: $1,702 per year for male teens and $1,553 per year for female teens
  • GEICO: $1,750 per year for male teens; State Farm: $1,562 per year for female teens

Auto-Owners has the most expensive quotes for teenagers, costing $2,591 annually for a female teen and $2,706 for a male teen. Both rates apply to 16-year-olds insured under their parents' plan.

Teenagers have decreasing car insurance rates as they age, reaching the maximum possible lowest rate at 19. GEICO ($1,158 per year) offers the most affordable rates for 19-year-old males in Indiana.

Adding a teen to a family policy is typically less expensive than acquiring separate coverage, and most teens under 18 cannot legally purchase car insurance without a parent or guardian as a co-signer. The annual cost of auto insurance for a 16-year-old driver on an individual policy in Indiana is around $4,369. That is roughly $2,312 more expensive than adding a teenager to the existing parent's policy, which costs approximately $2,057 annually.

Data filtered by:Results filtered by:
Gender:
Gender:Female
Age:
Age:16
NationwideFamily Plan Annual Premium$1,553Individual Plan Annual Premium$3,510
State FarmFamily Plan Annual Premium$1,562Individual Plan Annual Premium$2,159
GEICOFamily Plan Annual Premium$1,601Individual Plan Annual Premium$4,643
AllstateFamily Plan Annual Premium$1,849Individual Plan Annual Premium$5,169
ProgressiveFamily Plan Annual Premium$1,868Individual Plan Annual Premium$3,508
FarmersFamily Plan Annual Premium$1,883Individual Plan Annual Premium$5,436
TravelersFamily Plan Annual Premium$1,894Individual Plan Annual Premium$3,822
Auto-Owners Insurance CoFamily Plan Annual Premium$2,591Individual Plan Annual Premium$2,395
mglogo icon
MONEYGEEK EXPERT TIP

On average, car insurance rates for male teens tend to be significantly more expensive than for female teens because of their higher accident frequency. This rate difference is not as notable when drivers reach their 20s and beyond.

With certain discounts, young drivers may get a lower premium. GEICO and Nationwide offer good student discounts, whereas Allstate, Auto-Owners, Farmers, Progressive, State Farm and Travelers provide both good student and distant student discounts.

Cheapest Car Insurance in Indiana for Young Adults (June 2024)

On average, the following insurance providers offer Indiana drivers in their 20s the cheapest premiums for full coverage:

  • American Family: $638 per year
  • Auto-Owners Insurance Co: $799 per year

State Farm has the most expensive rate for full coverage in Indiana, with a yearly premium of approximately $1,385. Drivers in their 20s often pay a higher premium than drivers of middle age. According to MoneyGeek's analysis, young drivers may pay approximately $191 more for full coverage on average.

Data filtered by:Results filtered by:
Age Range:
Age Range:22-29
Coverage Level:
Coverage Level:Full Coverage
American FamilyAnnual Premium$638Monthly Premium$53
Auto-Owners Insurance CoAnnual Premium$799Monthly Premium$67
TravelersAnnual Premium$911Monthly Premium$76
GEICOAnnual Premium$944Monthly Premium$79
Grange InsuranceAnnual Premium$973Monthly Premium$81
ProgressiveAnnual Premium$982Monthly Premium$82
WestfieldAnnual Premium$1,087Monthly Premium$91
AllstateAnnual Premium$1,193Monthly Premium$99

Cheapest Car Insurance in Indiana for Seniors (June 2024)

The following companies offer the cheapest car insurance in Indiana for full coverage to senior drivers:

  • Auto-Owners Insurance Co: $566 per year
  • American Family: $577 per year

State Farm provides the most expensive insurance to an adult 60 and above, averaging $977 annually.

Senior drivers may pay more or less for car insurance than middle-aged drivers. This can vary depending on their age. Compared with middle-aged drivers, senior drivers in Indiana pay an average of $48 less for car insurance. However, rates often rise as drivers reach their 70s and 80s.

Data filtered by:Results filtered by:
Age Range:
Age Range:60 +
Coverage Level:
Coverage Level:Full Coverage
Auto-Owners Insurance CoAnnual Premium$566Monthly Premium$47
American FamilyAnnual Premium$577Monthly Premium$48
GEICOAnnual Premium$741Monthly Premium$62
TravelersAnnual Premium$761Monthly Premium$63
ProgressiveAnnual Premium$778Monthly Premium$65
WestfieldAnnual Premium$790Monthly Premium$66
Grange InsuranceAnnual Premium$798Monthly Premium$66
NationwideAnnual Premium$866Monthly Premium$72

Senior drivers in Indiana may be eligible for a discount from American Family, GEICO, Farmers and Allstate. Comparing the requirements of several insurers is a good strategy for picking the cheapest provider since age is just one factor that insurers consider when calculating rates.

Cheapest Car Insurance for Higher Risk Drivers (June 2024)

Typically, drivers with a traffic violation on their motor vehicle record pay higher car insurance rates in Indiana. Auto-Owners is the most affordable option for drivers with a ticket and those with an at-fault accident.

American Family is cheapest for those with an operating while intoxicated (OWI) infraction, as well as for drivers with poor credit and those with sports cars.

CHEAPEST CAR INSURANCE COMPANIES AFTER A DRIVING INCIDENT

Cheapest after a ticket: Auto-Owners ($730 per year)
Cheapest after an accident: Auto-Owners ($765 per year)
Cheapest after a DUI: American Family ($756 per year)
Cheapest for poor credit: American Family ($934 per year)
Cheapest for sports cars: American Family ($552 per year)

Cheapest Car Insurance in Indiana After a Ticket

The following insurers provide the cheapest average car insurance in Indiana to drivers with a speeding ticket:

  • Auto-Owners: $730 per year
  • American Family: $756 per year

Farmers offers the most expensive premium at approximately $1,356 per year. We discovered that insurance rates in Indiana after a ticket might cost up to $268 more vs. drivers with a clean record.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
Auto-Owners Insurance CoAnnual Premium$730Monthly Premium$61
American FamilyAnnual Premium$756Monthly Premium$63
WestfieldAnnual Premium$991Monthly Premium$83
TravelersAnnual Premium$1,064Monthly Premium$89
State FarmAnnual Premium$1,167Monthly Premium$97
GEICOAnnual Premium$1,191Monthly Premium$99
NationwideAnnual Premium$1,201Monthly Premium$100
ProgressiveAnnual Premium$1,201Monthly Premium$100

Cheapest Car Insurance in Indiana After an Accident

These car insurance providers in Indiana offer the cheapest average rates for drivers after an at-fault accident:

  • Auto-Owners Insurance Co: $765 per year
  • American Family: $788 per year

Westfield is the most expensive insurer, with a full coverage policy averaging $1,813 per year. The cost of auto insurance in Indiana can increase by up to $522 a year for drivers who are found at fault in an accident, and it may impact their insurance rates for a minimum of three years.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
Auto-Owners Insurance CoAnnual Premium$765Monthly Premium$64
American FamilyAnnual Premium$788Monthly Premium$66
TravelersAnnual Premium$1,111Monthly Premium$93
Grange InsuranceAnnual Premium$1,168Monthly Premium$97
AllstateAnnual Premium$1,465Monthly Premium$122
NationwideAnnual Premium$1,494Monthly Premium$125
State FarmAnnual Premium$1,498Monthly Premium$125
ProgressiveAnnual Premium$1,569Monthly Premium$131
mglogo icon
MONEYGEEK EXPERT TIP

To avoid a premium increase after your first at-fault accident, add accident forgiveness to your car insurance policy. It is available from multiple insurers and in most states, and some companies, like GEICO and Progressive, award it to policyholders for free. — Mark Friedlander, Director, Corporate Communications, Insurance Information Institute

Cheapest Car Insurance in Indiana After a DUI

On average, the following insurers in Indiana offer the cheapest full coverage policy if you have an OWI on your driving record:

  • American Family: $756 per year
  • Progressive: $983 per year

Westfield provides the most expensive rate for drivers with an OWI, with an annual premium of approximately $2,169.

Just like in states that give DUIs, drivers with an OWI in Indiana pay more for car insurance than those with a clean driving record. The premium increase may be, on average, $645 a year after an OWI; an OWI will stay on their motor vehicle record permanently and affect insurance rates for a minimum of three years.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
American FamilyAnnual Premium$756Monthly Premium$63
ProgressiveAnnual Premium$983Monthly Premium$82
TravelersAnnual Premium$1,228Monthly Premium$102
AllstateAnnual Premium$1,235Monthly Premium$103
State FarmAnnual Premium$1,346Monthly Premium$112
FarmersAnnual Premium$1,483Monthly Premium$124
Grange InsuranceAnnual Premium$1,537Monthly Premium$128
Auto-Owners Insurance CoAnnual Premium$1,575Monthly Premium$131

Cheapest Car Insurance in Indiana for Drivers With Poor Credit (June 2024)

On average, the cheapest auto insurance providers in Indiana for drivers with poor credit are:

  • American Family: $934 per year
  • Grange Insurance: $1,103 per year

The most expensive option in the state for drivers with poor credit is State Farm, with an average annual premium of $2,679.

Your credit score has a substantial impact on the rates you pay. For individuals with good credit (750 and above), the average cost of full coverage insurance in Indiana is $627 less than that for people with poor credit (below 580).

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
American FamilyAnnual Premium$934Monthly Premium$78
Grange InsuranceAnnual Premium$1,103Monthly Premium$92
NationwideAnnual Premium$1,164Monthly Premium$97
TravelersAnnual Premium$1,201Monthly Premium$100
GEICOAnnual Premium$1,233Monthly Premium$103
AllstateAnnual Premium$1,278Monthly Premium$106
ProgressiveAnnual Premium$1,280Monthly Premium$107
WestfieldAnnual Premium$1,500Monthly Premium$125

Drivers with poor credit frequently pay higher rates since they are more likely to file a claim based on actuarial data. Credit history is not allowed as a rating factor in every state, but Indiana providers are permitted to use it.

Improving your credit score is an effective strategy to obtain a lower premium. Additionally, you can compare rates and utilize common discounts to save money.

Cheapest Car Insurance in Indiana for Sports Cars (June 2024)

The cheapest auto insurance providers for sports car drivers in Indiana are, on average:

  • American Family: $552 per year
  • Auto-Owners Insurance Co: $595 per year

Nationwide's rates are the priciest at approximately $1,386 per year. Rates for drivers with sports cars might be more expensive due to the higher replacement and repair costs of these vehicles. In Indiana, a sports car is $104 more expensive to insure than a Toyota Camry LE.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
American FamilyAnnual Premium$552Monthly Premium$46
Auto-Owners Insurance CoAnnual Premium$595Monthly Premium$50
TravelersAnnual Premium$756Monthly Premium$63
FarmersAnnual Premium$942Monthly Premium$79
GEICOAnnual Premium$999Monthly Premium$83
AllstateAnnual Premium$1,019Monthly Premium$85
ProgressiveAnnual Premium$1,043Monthly Premium$87
State FarmAnnual Premium$1,353Monthly Premium$113

MoneyGeek chose a Ford Mustang as a sample vehicle, but premiums typically vary by vehicle model. Sports, electric and luxury automobiles are typically more expensive to insure than other types of cars. Otherwise, your insurance premiums will not vary significantly. However, this may not be true in your particular state.

Cheapest Car Insurance in Indiana for Military Drivers (June 2024)

MoneyGeek discovered that USAA offers the most affordable auto insurance in Indiana for active-duty military personnel and veterans, with an average annual premium of $560.

USAA has a stellar reputation when it comes to financial stability, client satisfaction, affordability and customer complaints.

mglogo
MoneyGeek Top Pick
USAA
  • $560 per year

For active-duty military officers or those with a military background in Indiana, USAA is the cheapest option for full coverage insurance with an average annual premium of $560. USAA offers special coverage benefits and discounts for military personnel.

Cheapest Car Insurance in Indiana by City

The average annual premium from Auto-Owners Insurance Co in Fort Wayne is $638, making it the most affordable city in Indiana. South Bend is the second-cheapest city, with an annual premium of $677 from Auto-Owners Insurance Co.

Auto-Owners Insurance Co also provides the most affordable options for Indianapolis residents, with an annual premium of $760. However, this is the most expensive rate in the state.

EvansvilleCheapest CompanyAuto-Owners Insurance CoAnnual Premium$689
Fort WayneCheapest CompanyAuto-Owners Insurance CoAnnual Premium$638
IndianapolisCheapest CompanyAuto-Owners Insurance CoAnnual Premium$760
South BendCheapest CompanyAuto-Owners Insurance CoAnnual Premium$677

Car Insurance in Indiana: What You Need to Know

In Indiana, as with most other states, all drivers are required to purchase car insurance that fulfills the state's minimum criteria. This includes protection for bodily injury and property damage. Understanding how much coverage you require ensures that you are adequately protected.

Indiana Car Insurance Requirements

You must purchase the minimum insurance required by Indiana law to drive in the state. This includes bodily injury and property damage liability. While selecting basic coverage is more cost-effective, accident-related costs can quickly add up.

In Indiana, drivers convicted of high-risk violations must obtain SR-22 insurance. If you need to file an SR-22 certificate, your coverage needs and prices may rise.

To optimize your protection, MoneyGeek recommends obtaining as much insurance coverage as you can afford.

    male icon

    Bodily Injury Liability

    In Indiana, drivers are required to carry bodily injury liability insurance of at least $25,000 per person and $50,000 per accident. At-fault drivers are liable for any medical costs that exceed these limits.

    accident2 icon

    Property Damage Liability

    If you cause an accident and have minimum coverage, this covers cost of repairs to another vehicle or property. Since the state maximum is $25,000, drivers who exceed this number must pay out of pocket.

MoneyGeek suggests that drivers purchase bodily injury liability insurance limits of $100,000 per person, $300,000 per accident and $100,000 per accident for property damage.

Full coverage includes collision and comprehensive insurance, which provides you with greater protection and might be required if you finance or lease your car. Drivers are financially covered by collision insurance for vehicle damage in collisions with other cars, trees, walls, fences and other objects. Comprehensive insurance covers non-collision events, such as natural disasters, fire, theft and vandalism.

Even if it's unnecessary, we recommend obtaining full coverage if you own a valuable vehicle.

Car Insurance Alternatives in Indiana

Drivers in Indiana who are concerned about their insurance coverage can file a surety bond or deposit $40,000 in cash, securities or trust funds with the state treasurer and then present their receipt to the Indiana Bureau of Motor Vehicles.

A surety bond guarantees that a driver will meet their financial obligations in the event that they cause an accident and are required to pay liability charges.

In the case of an accident, drivers will still need to provide proof of financial responsibility.

FAQ About Car Insurance in Indiana

Car insurance buyers may have questions regarding the quality and affordability of policies. MoneyGeek covers the most frequently asked questions about auto insurance in Indiana.

Which company offers the cheapest car insurance in Indiana?
Should you buy the cheapest car insurance available in Indiana?

Expert Advice on Finding Cheap Car Insurance in Indiana

To help you find credible and accurate insight on car insurance in Indiana, MoneyGeek received expert advice from trusted professionals. The perspectives and opinions expressed are those of the individual contributor.

  1. What are the key factors drivers in Indiana should look for when searching for the best auto insurance coverage?
  2. What steps can drivers in Indiana take to find affordable car insurance?
  3. How do regulations and rules in Indiana impact insurance pricing and how consumers might shop for coverage?
Craig Seidelson
Craig SeidelsonAssociate Professor of Operations and Supply Chain Management at the School of Business, University of Indianapolis
Jeff Prince
Jeff PrinceProfessor of Business Economics at Indiana University
Dr. Crystal Karn
Dr. Crystal KarnAssociate Professor of Business at Indiana Tech

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.


sources