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Cheapest Car Insurance Companies and Quotes in Indiana

You should ideally compare quotes so you can find the cheapest rates. To give you a baseline for what to expect, MoneyGeek ranked the top car insurance providers in Indiana based on collision and comprehensive coverage for the average driver. Multiple personalized factors affect your ability to find affordable car insurance in Indiana, including your credit score.

Average Comprehensive and Collision Rates in Indiana

These are the approximate prices for average drivers. Each auto insurance carrier has its own method of underwriting these factors. Some heavily increase the premium for driving violations like speeding tickets or DUIs. Others may provide deep discounts for people with a clean driving record, cars with advanced safety features, high school students with good grades and more. Therefore, look around and check quotes with several companies to find the most affordable premiums.

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Cheapest Liability Car Insurance in Indiana

Under Indiana law, you cannot operate a motor vehicle in the state without proper car insurance. Some drivers are okay with the state minimum liability-only requirement. However, if you want to cover your personal medical expenses and the cost of possible repairs for your vehicle, you should include collision and comprehensive coverage. Erie typically offers the most affordable coverage among the auto insurance companies in Indiana, whether for the state minimum of 25/50/25 or upgraded 50/100/50 coverage.

Average Cost for Liability Coverage

The Best Car Insurance Companies in Indiana for 2021

To identify the best car insurance firms in Indiana, MoneyGeek analyzed multiple factors, including claims, customer satisfaction, financial strength and affordability. To calculate the score for each element, MoneyGeek assessed data from industry-standard reports like J.D. Power’s U.S. Auto Insurance Study and AM Best’s financial strength ratings. Equal weight was given to each criterion to arrive at MoneyGeek’s final rating out of 100.

Expand All Rankings +

1

USAAScore: 100
+

5/5

User Satisfaction

5/5

Claims Ratings

5/5

Affordability

A++

Financial Stability

2

ErieScore: 95
+

5/5

User Satisfaction

4/5

Claims Ratings

5/5

Affordability

A+

Financial Stability

3

United Farm Bureau of IN GroupScore: 92.5
+

5/5

User Satisfaction

4/5

Claims Ratings

5/5

Affordability

A

Financial Stability

4

HartfordScore: 87.5
+

4/5

User Satisfaction

4/5

Claims Ratings

3/5

Affordability

A+

Financial Stability

5

Auto-Owners Insurance CoScore: 87.5
+

3/5

User Satisfaction

4/5

Claims Ratings

3/5

Affordability

A++

Financial Stability

6

GEICOScore: 87.5
+

3/5

User Satisfaction

2/5

Claims Ratings

5/5

Affordability

A++

Financial Stability

7

Cincinnati Insurance CompaniesScore: 87.5
+

3/5

User Satisfaction

5/5

Claims Ratings

3/5

Affordability

A+

Financial Stability

8

Country FinancialScore: 85
+

4/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A+

Financial Stability

9

State FarmScore: 85
+

4/5

User Satisfaction

3/5

Claims Ratings

4/5

Affordability

A

Financial Stability

10

Farm Bureau Ins of MIScore: 82.5
+

4/5

User Satisfaction

4/5

Claims Ratings

3/5

Affordability

A-

Financial Stability

While USAA scores highly in many areas, this provider is only available to military members, veterans and their families.

Market Share by Company

According to the National Association of Insurance Commissioners (NAIC), State Farm, Progressive and Allstate are the largest insurers in the state of Indiana. See below for a breakdown of the top insurance coverage in the state.

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What Is the Average Cost of Car Insurance in Indiana?

Carriers arrive at your auto insurance cost after considering several factors. MoneyGeek determined the average prices for 100/300/100 collision and comprehensive insurance for a 40-year-old man driving a Toyota Camry with no record of accidents or tickets. Your car insurance premium may be more or less than these Indiana averages depending on your location, age, coverage level and driving history.

  • Average Driver: $725
  • DUI: $1,099
  • Speeding Ticket: $930
  • Poor Credit Score: $1,242
  • Seniors: $742
  • Students: $1,641

Cheapest Car Insurance for Drivers With a DUI in Indiana

Getting a DUI in Indiana is costly and can affect your chances of getting cheap car insurance for years after the incident. According to the CDC, Indiana drivers who admitted to driving after drinking “too much” is 1.5%, just under the national average of 1.7% of drivers surveyed regarding the 30 days prior to the survey. From 2009-2018, 2,068 drivers in Indiana were killed in alcohol-related crashes.

Recent data from the Indiana University Public Policy Institute show a decrease of 1.14 % in alcohol-impaired crashes from 2017 to 2018.

Average Car Insurance Rates With a DUI

As you can see from the table above, insurance rates can increase dramatically after a DUI. In Indiana, a driver can also face fines, jail time, license suspension and possibly an ignition interlock — even after the first offense. A DUI can affect your insurance rates for years after you’re convicted and you will have far fewer auto insurance companies to choose from to find the best rates. Those you do find may not be very affordable. Take the time to understand how getting a DUI in Indiana can affect your chances of getting cheap car insurance.

Cheapest Car Insurance With Tickets in Indiana

Driving distracted is not only an easy way to get into an accident, but it’s also an easy way to get a ticket. Texting while driving is one of the most common reasons for distracted driving and is against the law in Indiana. Getting a ticket for speeding or distracted driving can affect your chances of getting cheap car insurance rates.

The following table showcases estimates of how a speeding or distracted driving ticket can impact auto insurance rates in Indiana.

Average Car Insurance Rates With a Ticket

Not only can your car insurance rates increase for years after a distracted driving or speeding ticket conviction, but you can also be fined up to $500, according to the Indiana Department of Labor. Learn about how your auto insurance can be affected by receiving a ticket for speeding or distracted driving.

Cheapest Car Insurance Companies in Indiana for Drivers With Bad Credit

In Indiana, credit can impact auto insurance rates. According to Experian, the average credit score in Indiana is 699, just under the national average of 703. Check out the following table for estimates on what Indiana residents who have bad credit can expect to pay with some of the state’s top insurers.

Average Car Insurance Rates for Drivers With Bad Credit

Insurance companies use credit to determine your premium based on how likely you are to pay your bills on time and file a claim. If you think your credit score is preventing you from getting the most affordable car insurance quotes in Indiana, check out ways to improve your score.

Cheapest Car Insurance Companies in Indiana for Seniors

Indiana seniors accounted for 13.8% of the drivers involved in fatal Indiana crashes during 2017. Seniors may find that after the age of 65, their auto insurance rates may increase. They also have to renew their driver’s license in person and more frequently in Indiana — from every five years to every three. Seniors should take the time to find car insurance that works for their needs. The following table features estimates of what seniors in Indiana can expect to pay for their auto insurance. As always, consulting with an insurance company directly can provide more accurate quotes.

Average Car Insurance Rates for Seniors

Seniors tend to have slower response times when driving. However, they take more preventative measures like wearing a seatbelt (71% of the time compared to 48% in age groups under 65) than younger drivers do, both of which can affect insurance rates. The clearer a senior’s driving record is, the more affordable their insurance will likely be.

Cheapest Car Insurance for Students in Indiana

Finding cheap car insurance for young drivers can be difficult in Indiana because they account for a disproportionate amount of car crashes. Data collected from the Indiana University Public Policy Institute shows that in 2018, drivers between the ages of 15 and 20 had the highest rate of crashes in Indiana.

To get the best and cheapest car insurance rates in Indiana for young drivers, there are some best practices to follow. Teens and college students with good grades who drive cars with more safety features can get better insurance rates than students with poor grades who drive flashy sports cars. Additionally, college students who go to school over 100 miles away may qualify for a discount.

Parents and teens should take the time to understand how to get affordable coverage without sacrificing coverage limits. The table below shows the average rates for the top-rated auto insurance companies in Indiana for young drivers.

Average Car Insurance Rates for Students

Insurance Rate Information for Military Drivers and Veterans

Whether you're one of the state's approximately 960 active duty military personnel or a veteran, ask insurance companies about discounts before you buy a policy in Indiana. Rates can vary between companies. Even with a military discount, you'll still need a good driving record to get the best rates available.

The Indiana Department of Insurance outlines state requirements for coverage. Military personnel from Indiana and active-duty personnel stationed in Indiana have a choice: register in Indiana or their home (or temporary) state. The following table outlines what active-duty personnel and veterans may pay for their auto insurance. For the most accurate estimates, contact the insurance companies directly.

Average Rates for Indiana service members

male
25 years$1,434
50 years$1,156
female
25 years$1,318
50 years$1,142

Car Insurance in Indiana: What You Need to Know

You must insure any vehicle driven on Indiana’s roads and highways. Drivers should consult with their insurance company and the state's Bureau of Motor Vehicles about any specific concerns regarding their vehicle’s insurance to avoid administrative hassles or fines.

Proof of Insurance in Indiana

Indiana drivers can provide proof of insurance with a printed card or digitally through their smartphones. Indiana’s policy is to make sure people have proper insurance coverage by requesting proof of insurance in the following situations:

  • Registering the vehicle
  • After an accident
  • If you commit a traffic violation

Anyone receiving a notification requiring proof of insurance from the Bureau of Motor Vehicles will need to call their insurance agent and ask them to send a Certificate of Compliance to the Bureau.

Minimum Liability Insurance Requirements in Indiana

Like nearly every other state, Indiana requires its drivers to insure their vehicles. Its minimum requirements for liability insurance are:

  • $25,000 to cover an injury to one person
  • $50,000 to cover injuries to multiple people
  • $10,000 to cover property damage

Insurance groups generally recommend up to 10 times those figures in liability coverage for injury and accidents. Drivers must also carry uninsured motorist coverage at these minimum levels unless they opt out in writing:

  • $25,000 for injuries to one person
  • $50,000 for injuries per accident
  • $10,000 for property damage

Alternatives to Insurance in Indiana

Insurance-wary drivers have two alternatives to dealing with an insurer. They can file a surety bond or deposit cash, securities or trust funds worth $40,000 with the state treasurer. Afterward, they'll need to bring their receipt to the BMV.

Like other drivers, they'll still have to show proof of financial responsibility in the event of an accident, but unlike other drivers, they may not be able to expand their coverage for comprehensive and collision coverage. Nor will they be immune to paying more than the bond or deposit is worth, should they cause a catastrophic accident.

How Much Coverage Do You Need in Indiana?

Cheap car insurance and the best car insurance are not necessarily synonymous. In Indiana, the amount of coverage required by law will likely fall short of what a bad accident will cost you. Many insurance experts recommend carrying liability coverage of $100,000 per injury and $300,000 per accident in case of a catastrophic collision.

Because Indiana has a relatively high proportion of uninsured drivers, it makes sense to keep the uninsured/underinsured motorist coverage that comes with a policy. Collision and comprehensive insurance are also solid investments for any vehicle worth more than a deductible and several years' worth of premiums.

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Expert Advice on Finding Cheap Car Insurance in Indiana

To help you find trustworthy and accurate details on car insurance in Indiana, MoneyGeek collected expert advice from proven professionals. The perspectives and sentiments 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?

    First, look for a reputable company. Look at the history of the company and see if there is a history of good claims coverage. Also, ask yourself if you want to work with a local agent. Is having someone in the area that you can visit if you have questions important?

    Shop for quality of coverage, not just price. When you are getting an insurance quote, make sure that you are getting comparable quotes from each company. Make sure you are looking at the same coverage features for each insurer.

    Ask about discounts. Discounts can range from multiple lines to good student discounts. You need to ask to make sure you are taking advantage of discounts offered by the insurance company.

    Also, if you have a less than perfect driving record, an insurance broker may be able to help you find good coverage.

  2. What steps can drivers in Indiana take to find affordable car insurance?

    Having trouble finding a plan that fits your budget? Ask about the Indiana Auto Insurance Plan. Every insurance company in the state is required to participate. The program is aimed at helping drivers who are having difficulty purchasing insurance.

    Get quotes! It sounds simple, but people often overpay simply because they don't shop around.

    The first step in any financial process is to take a look at what you can afford. If you haven’t already created a budget, this would be the first step. Creating a budget allows you to see what you can spend and what would be a good price range for your insurance coverage.

    Next, ask for referrals from friends and family. Do your homework. Check out promotions from different insurance companies. Comparison shop coverages and rates. Please keep in mind that there are many factors that go into the calculation of insurance rates.

  3. How do regulations and rules in Indiana impact insurance pricing and how consumers might shop for coverage?

    When shopping for car insurance in the state of Indiana, it's important to understand your rights and responsibilities. Insurance providers must file their rates with the Indiana Dept. of Insurance. Mandatory filing makes it easy for you to compare rates. When shopping around for a policy, it's important to remember that Indiana drivers can't hit the road without bodily injury coverage of at least $25,000 per person and $50,000 per accident. In addition, the state minimum for property damage liability is $25,000 per accident. There are no state minimums of coverage for medical payments, collision, theft, or damage to vehicles outside of collision. Once you've decided on a policy, be extra careful. In Indiana, insurance companies have the right to cancel policies within the first 60 days of issuance. After 60 days, your provider can only drop your policy if you miss a payment or lose your license. Pay attention when your policy is ending. Indiana insurance companies have the right to deny renewal. But, they must give you at least 20 days advance notice.


Dr. Crystal Karn
Dr. Crystal KarnAssociate Professor of Business at Indiana Tech
Craig Seidelson
Craig Seidelson Assistant 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

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About the Author


expert-profile

Mandy Sleight is a freelance writer and a licensed insurance producer since 2005. She has extensive knowledge in property and casualty insurance as well as life and health insurance. She writes on topics including insurance, sustainability, budgeting, nutrition, and fitness.


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