Cheapest Car Insurance in Indiana (2024)


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Westfield offers the cheapest minimum car insurance coverage in Indiana. Depending on your driver profile, American Family, Nationwide or USAA might provide the most affordable options.

MoneyGeek reviewed the best auto insurance providers in Indiana for drivers seeking a balance of cost and quality.

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.

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

39,388Quotes Analyzed
 
13Companies Compared
 
64ZIP Codes

Cheapest Minimum Liability Car Insurance in Indiana

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

  • Westfield: $256 per year
  • American Family: $320 per year

Farmers is the most expensive provider in Indiana, at about $600 per year. Indiana’s minimum coverage policy includes only property damage liability and bodily injury liability.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Minimum Coverage
Westfield$256$21
American Family$320$27
Auto-Owners Insurance Co$340$28
Progressive$341$28
Travelers$353$29
GEICO$381$32
State Farm$402$34
Indiana Farm Bureau$418$35
Nationwide$430$36
Grange Insurance$461$38
Allstate$546$45
Farmers$600$50

With minimum coverage, you're covered against injuries and damage you cause to others. This insurance policy doesn't cover damage to your car. A full coverage policy, which includes comprehensive and collision insurance, covers vehicle repair costs.

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Find the Best Car Insurance in Indiana for You

 

The amount of coverage you need will depend on your insurance requirements and preferences.

The table above allows you to compare the cheapest car insurance rates for minimum coverage in Indiana.

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

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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

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

  • American Family: $593 per year
  • Travelers: $720 per year

Farmers has the most expensive full coverage rate in Indiana, at around $1,102 annually. A full coverage policy is often more costly, but it protects you from collisions, theft, vandalism, flooding and other incidents. For instance, the full coverage policy costs $273 more than the minimum coverage policy from American Family.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
American Family$593$49
Travelers$720$60
GEICO$765$64
Progressive$780$65
Auto-Owners Insurance Co$814$68
Westfield$829$69
Nationwide$878$73
Grange Insurance$951$79
Allstate$1,012$84
Indiana Farm Bureau$1,064$89
State Farm$1,065$89
Farmers$1,102$92

The amount of auto insurance you need impacts your premium. 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. 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.

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Rates updated:

Dec 06, 2024

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Cheapest Car Insurance in Indiana by Age

Nationwide and American Family have the cheapest rates on average for various age groups in Indiana.

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CHEAPEST CAR INSURANCE COMPANIES BY AGE

Cheapest for teens: Nationwide
Cheapest for young adults: American Family
Cheapest for seniors: American Family

Cheapest Car Insurance in Indiana for Teens and Their Families

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

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

Auto-Owners has the highest rates for teenagers, costing $2,591 per year for female teens and $2,706 for male teens, both on a parent's policy.

Teen car insurance rates drop as drivers age, with the lowest rates available at 19. GEICO offers the most affordable rates for 19-year-old males in Indiana at $1,158 annually.

Adding a teen to a family policy is usually cheaper than a separate policy. Most teens under 18 need a parent or guardian to co-sign. A 16-year-old driver's own policy costs about $4,369 per year, compared to $2,057 when added to a parent's policy, a difference of around $2,312.

Data filtered by:Results filtered by:
Gender:
Gender:Female
Age:
Age:16
Nationwide$1,553$3,510
State Farm$1,562$2,159
GEICO$1,601$4,643
Allstate$1,849$5,169
Progressive$1,868$3,508
Farmers$1,883$5,436
Travelers$1,894$3,822
Auto-Owners Insurance Co$2,591$2,395
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MONEYGEEK EXPERT TIP

On average, car insurance rates for male teens tend to be significantly more expensive than for female teens due to their higher risk of accident frequency. This rate difference is not as notable when drivers reach their 20s and beyond.Mark Friedlander, Director, Corporate Communications, Insurance Information Institute

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

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

  • American Family: $638 per year
  • Travelers: $860 per year

State Farm has the most expensive full coverage rate in Indiana, with a yearly premium of approximately $1,385. Drivers in their 20s often pay a higher premium than drivers of middle age. Young drivers may pay around $198 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 Family$638$53
Travelers$860$72
GEICO$944$79
Progressive$982$82
Grange Insurance$1,084$90
Westfield$1,088$91
Auto-Owners Insurance Co$1,103$92
Nationwide$1,124$94
Allstate$1,193$99
Indiana Farm Bureau$1,227$102
Farmers$1,322$110
State Farm$1,385$115

Cheapest Car Insurance in Indiana for Seniors

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

  • American Family: $577 per year
  • Travelers: $718 per year

Farmers provides the most expensive insurance to an adult 60 and above, averaging $1,038 annually.

Senior drivers in Indiana may pay an average of $49 less for car insurance than middle-aged drivers. 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
American Family$577$48
Travelers$718$60
GEICO$741$62
Westfield$777$65
Progressive$778$65
Auto-Owners Insurance Co$782$65
Nationwide$814$68
Grange Insurance$893$74
Allstate$914$76
Indiana Farm Bureau$971$81
State Farm$977$81
Farmers$1,038$86

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

American Family is the most affordable option for drivers with speeding tickets, at-fault accidents and operating while intoxicated (OWI) infractions. It's also the cheapest for drivers with poor credit and sports cars.

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CHEAPEST CAR INSURANCE COMPANIES AFTER A DRIVING INCIDENT

Cheapest after a ticket: American Family ($756 per year)
Cheapest after an accident: American Family ($788 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:

  • American Family: $756 per year
  • Westfield: $986 per year

Farmers offers the most expensive premium at approximately $1,463 per year. Insurance rates in Indiana after a ticket might cost up to $276 more than drivers with a clean record.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
American Family$756$63
Westfield$986$82
Travelers$1,004$84
Auto-Owners Insurance Co$1,009$84
Nationwide$1,127$94
State Farm$1,167$97
GEICO$1,191$99
Progressive$1,201$100
Allstate$1,224$102
Indiana Farm Bureau$1,310$109
Grange Insurance$1,455$121
Farmers$1,463$122

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:

  • American Family: $788 per year
  • Travelers: $1,048 per year

Westfield is the most expensive insurer, with a full coverage policy averaging $1,775 annually. The cost of auto insurance in Indiana can increase by up to $527 a year for drivers who are 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
American Family$788$66
Travelers$1,048$87
Auto-Owners Insurance Co$1,058$88
Grange Insurance$1,304$109
Nationwide$1,401$117
Allstate$1,465$122
State Farm$1,498$125
Progressive$1,569$131
GEICO$1,587$132
Indiana Farm Bureau$1,636$136
Farmers$1,774$148
Westfield$1,775$148
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MONEYGEEK EXPERT TIP

Add accident forgiveness to your car insurance policy to avoid a premium increase after your first at-fault accident. It's 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

In Indiana, the most affordable full coverage policies for drivers with an OWI are:

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

Auto-Owners Insurance Co has the highest rates for drivers with an OWI, averaging $2,179 annually.

Drivers with an OWI pay more for car insurance than those with a clean record. On average, an OWI increases premiums by $676 per year. This record can affect insurance rates for at least three years.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
American Family$756$63
Progressive$983$82
Travelers$1,159$97
Allstate$1,235$103
State Farm$1,346$112
Farmers$1,600$133
Nationwide$1,708$142
Grange Insurance$1,713$143
GEICO$1,918$160
Indiana Farm Bureau$1,966$164
Westfield$2,119$177
Auto-Owners Insurance Co$2,179$182

Cheapest Car Insurance in Indiana for Drivers With Poor Credit

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

  • American Family: $934 per year
  • Nationwide: $1,092 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 $663 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 Family$934$78
Nationwide$1,092$91
Travelers$1,133$94
Grange Insurance$1,231$103
GEICO$1,233$103
Allstate$1,278$106
Progressive$1,280$107
Westfield$1,488$124
Farmers$1,683$140
Indiana Farm Bureau$2,230$186
Auto-Owners Insurance Co$2,266$189
State Farm$2,679$223

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 for a lower premium. Additionally, you can compare rates and utilize common discounts to save money.

Cheapest Car Insurance in Indiana for Sports Cars

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

  • American Family: $552 per year
  • Travelers: $713 per year

State Farm's rates are the priciest at approximately $1,353 per year. Rates for drivers with sports cars might be more expensive due to these vehicles' higher replacement and repair costs. In Indiana, a sports car is $98 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 Family$552$46
Travelers$713$59
Auto-Owners Insurance Co$822$68
GEICO$999$83
Farmers$1,016$85
Allstate$1,019$85
Progressive$1,043$87
Nationwide$1,295$108
State Farm$1,353$113

MoneyGeek used a Ford Mustang for the quotes in this study, but car insurance rates can vary widely depending on the model. Luxury, electric and sports cars are typically more expensive to insure than other vehicle types.

Cheapest Car Insurance in Indiana for Military Drivers

USAA provides Indiana's most affordable auto insurance for active duty military personnel and veterans, with an average annual premium of $524. It's known for its strong financial stability, high client satisfaction, affordability and low customer complaints.

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MoneyGeek Top Pick
USAA
  • Annual premium: $524
  • Cheapest rank: First out of 13 insurance companies
  • Offers a military discount

Cheapest Car Insurance in Indiana by City

In South Bend, Indiana, Westfield offers the cheapest car insurance with an average annual premium of $781. Evansville is the second-cheapest city, with Progressive's rate of $812.

For Indianapolis residents, Progressive provides the most affordable option, though, at $874 per year, it's the highest rate in the state.

EvansvilleProgressive$812
Fort WayneProgressive$815
IndianapolisProgressive$874
South BendWestfield$781

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.

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    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.

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    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 often have questions about cost and quality. MoneyGeek answers the top 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?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He 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.


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