Best Cheap Car Insurance Companies for High-Risk Drivers in Indiana


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High-risk drivers often pay more for car insurance since insurers think they are more likely to file claims. Shopping around and comparing rates is the best way to save money on your premium if you’re considered a high-risk driver.

MoneyGeek found Erie has the lowest-priced car insurance for high-risk drivers in Indiana at around $741 annually. The company also balances affordability with quality service the best, making it the top choice in the state.

Key Takeaways

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In Indiana, Erie offers the cheapest car insurance for high-risk drivers at approximately $741 annually, while American Family ranks as the runner-up with a premium of $835 per year.

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In Indiana, Erie emerges as the best car insurance provider for high-risk drivers, boasting a MoneyGeek score of 97 out of 100 and an annual premium of approximately $741, offering a perfect balance of affordability and quality service.

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In Indiana, the cheapest car insurance provider for drivers with a DUI is American Family, with an annual premium of $835, while for teen drivers, GEICO offers the most affordable option at approximately $2,849 per year.

In the eyes of insurers, high-risk drivers are those who have been convicted of a DUI, drivers with a history of a suspended or revoked license, those with at-fault accidents or several traffic violations and reckless drivers. Drivers with sports cars and teenagers without much driving experience also belong in the high-risk category.

Your driving record has a huge impact on the cost of your car insurance. Compared to drivers with clean records, high-risk drivers pay around 29% more for car insurance in Indiana.

They pay more for insurance because of the possibility of getting into an accident, requiring insurers to charge more as they anticipate covering expenses in a claim.

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WHAT EXACTLY IS A HIGH-RISK DRIVER?

High-risk drivers have traffic violations, a DUI conviction or at-fault accidents on their record. Drivers who don’t have much experience and those with sports cars are also seen as high-risk.

Even if you’re generally a safe driver, insurers can consider you a high-risk driver if you have bad credit.

The following profiles are examples of high-risk drivers:

  • Drivers with a history of traffic violations or at-fault accidents
  • Drivers with a DUI conviction
  • Drivers caught driving with a suspended or revoked license
  • Young drivers with a lack of driving experience
  • Drivers who drive sports cars or participate in drag racing
  • Drivers with bad credit or lapses in insurance coverage

Cheapest Car Insurance in Indiana for High-Risk Drivers

MoneyGeek found that the cheapest high-risk car insurance in Indiana is from Erie. High-risk drivers have an average premium of $741 per year for a car insurance policy with this company. We analyzed its car insurance by diving into its coverage options, discounts and features in our Erie car insurance review.

Erie$741
American Family$835
State Farm$868
GEICO$1,067
Progressive$1,146
Farmers$1,189
Allstate$1,256
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SR-22 INSURANCE

Indiana requires drivers to file an SR-22 form when they have violated certain laws, like driving on a suspended license, or when they have been convicted of a DUI. Essentially, the SR-22 form proves that a driver meets the state minimum requirements for car insurance. SR-22 insurance in Indiana is more expensive than a regular car insurance policy since insurers consider drivers that require it high-risk.

Best Car Insurance in Indiana for High-Risk Drivers

MoneyGeek compared rates, customer service and financial stability of different insurers to gather an overall rating of each company. Erie came out at the top, with a score of 97 out of 100, and American Family ranked second, with a score of 82 out of 100.


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ErieBest for High-Risk Drivers
Score:97

5/5

Affordability Rating

4.5/5

Satisfaction Rating

4.7/5

Claims Rating

4.5/5

Financial Stability Rating

Geek Quick Take
Geek Quick Take

The average premium for a high-risk driver in Indiana is $741 per year with Erie. Compared to a driver with a clean record, the rate for a high-risk driver is around 26% higher.

More About Erie

Erie offers better and new car replacement add-on coverages and accident forgiveness, which may be a good coverage for high-risk drivers to get.

However, gap insurance and roadside assistance are not available to add to an Erie policy.

But Erie does offer discounts, including an anti-lock brake discount, young and safe driver and pay in full.

Our Erie car insurance review provides a thorough analysis of this insurer.

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American Family Insurance
Score:NaN
There are no ratings for this company
Geek Quick Take
Geek Quick Take

For a high-risk driver in Indiana, an American Family car insurance policy costs $835 per year on average. It is around a 4% increase from the premium of a driver with a clean record.

More About American Family Insurance

American Family offers several discounts to lower the cost of high-risk car insurance, like good student, legacy, airbag and new customer.

For add-on coverages, policyholders can get accident forgiveness, gap insurance and original equipment manufacturer (OEM), which is a rare offering.

Read our full review of American Family car insurance to know what to expect from a policy.

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MONEYGEEK EXPERT TIP

Indiana does not have a program to help low-income drivers with their car insurance costs. But, drivers can find low-income car insurance in Indiana. Even though a quality policy may come at a higher price, having minimum coverage or pay-per-mile insurance can help protect you on the road while being budget-friendly.

Cheapest Car Insurance in Indiana for Drivers With a DUI

The cheapest car insurance company in Indiana for drivers with a DUI is American Family. On average, drivers with a DUI pay $835 annually for an American Family car insurance policy.

USAA may also be an affordable option. However, its policies are only available to veterans, active members of the military and their family members. If you’re eligible for a USAA policy, check out our USAA car insurance review to know more about its pros, cons, coverages and discounts.

American Family$835
Progressive$850
Erie$890
State Farm$1,014
Allstate$1,186
Farmers$1,212
GEICO$1,302
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LOOK-BACK PERIODS

A DUI remains on your driving record during your state’s look-back period. It could last for five years up to a lifetime. Long look-back periods help recognize repeat offenders to impose harsher penalties.

There are two look-back periods in Indiana: five years and 10 years. If you have multiple DUI or OWI offenses, your sentence is based on these periods.

Cheapest Car Insurance in Indiana for Teenage Drivers

Based on MoneyGeek’s analysis, the most affordable car insurance in Indiana for teenage drivers is from GEICO. A car insurance policy from GEICO costs $2,849 per year on average for teenage drivers. To know more about this company, our review of GEICO car insurance details its coverages, discounts, customer service quality, etc.

GEICO$2,849
State Farm$2,885
Allstate$3,481
Progressive$3,584
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MONEYGEEK EXPERT TIP

Teenagers are considered high-risk drivers because of their lack of experience. As a result, car insurance for teenagers is more expensive than for others.

But MoneyGeek recommends purchasing a full coverage policy instead of minimum coverage. A full coverage policy includes more protection that can come in handy, especially for young drivers involved in an accident. Find the best and cheapest car insurance for students by exploring your options and comparing quotes.

Cheapest Car Insurance in Indiana for Drivers With Bad Credit

In Indiana, GEICO offers the cheapest car insurance for drivers with bad credit. The average annual premium for drivers with bad credit is $787. To give you more information about this company, MoneyGeek created a review of GEICO’s car insurance to weigh its pros and cons.

GEICO78731%
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MONEYGEEK EXPERT TIP

Drivers with bad credit tend to pay more for car insurance compared to drivers with good credit. Nevertheless, savings are still in sight — as long as you take your time to research different companies and compare quotes. Our guide to getting car insurance with bad credit will help you find ways to reduce your premium despite your credit score.

How Much Does Car Insurance Cost for High-Risk Drivers in Indiana?

The cost of car insurance significantly changes once you’re considered a high-risk driver. For instance, the average premium in Indiana increases by around $304 per year. Car insurance costs around $710 per year for clean-record drivers and roughly $1,014 per year for high-risk drivers.

Car insurance is more expensive for high-risk drivers because insurance companies think they have a higher chance of filing claims. Your driving history is a huge factor that affects your car insurance premium.

Annual Car Insurance Cost in IN for Low-Risk vs. High-Risk Drivers

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Annual Premium

Low-Risk Driver

$710
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Annual Premium

High-Risk Driver

$1,014
In Indiana, high-risk drivers pay:$304 more

This is 43% more expensive.

MoneyGeek’s Indiana car insurance calculator can give you a rough estimate of your rate. It allows you to tweak specific factors based on your profile, needs and preferences to find a policy that best suits your circumstances. Playing around with different factors helps you see how each factor affects your premium.

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Rates updated:

Dec 06, 2024

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Can You Still Get Car Insurance in Indiana if Insurers Refuse to Insure You?

Given that insurance is a voluntary market, insurance companies may decide not to cover you. Sometimes, an insurance provider won’t grant you coverage because they think you’re too risky of a driver. You can still get a car insurance policy by looking for alternative options through the auto insurance residual market.

The auto insurance residual market provides coverage if you've been turned down by car insurance companies. To insure high-risk drivers through the residual market, the risk of covering these customers is split among several car insurance companies. A non-profit organization known as the Automobile Insurance Plan Service Office (AIPSO) is in charge of overseeing the residual market.

Indiana Automobile Insurance Plan

Back in 1948, the Indiana Automobile Insurance Plan was created to offer car insurance for drivers who have difficulties securing a policy from insurance companies. Insurance agents with valid licenses to offer car insurance services voluntarily participate in the Plan. They are required to accept applications depending on the insurance they provide in Indiana.

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    Office Hours

    Monday–Friday, 8:30 a.m.–4:30 p.m. ET

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    Email

    inaip@aipso.com

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    Phone

    (877) 463-3800

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    Fax

    (401) 528-1361

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    Mailing Address

    Indiana Automobile Insurance Plan, P.O. Box 6530, Providence, RI 02940-6530

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Frequently Asked Questions

MoneyGeek answered the most important questions about high-risk auto insurance in Indiana to assist you.

Which car insurance company is best for high-risk drivers in Indiana?

How much does car insurance in Indiana cost for high-risk drivers?

Who do insurers classify as a high-risk driver?

Where do I get car insurance coverage in Indiana if insurers reject my application?

Methodology

MoneyGeek calculated average rates using full coverage car insurance policies with 100/300/100 liability insurance and comprehensive and collision coverage with a $1,000 deductible. Minimum coverage car insurance policy rates were calculated based on each state’s minimum car insurance requirement.

To calculate rates for high-risk drivers, MoneyGeek averaged the premiums insurance companies charge for three of the most common driving violations: speeding, at-fault accident and DUI.

To determine the best car insurance company for high-risk drivers, MoneyGeek scored companies based on affordability, customer satisfaction and complaints — obtained from J.D. Power surveys and NAIC complaint scores — and financial strength ratings as calculated by AM Best. Affordability received the greatest weighting in our calculations.

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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