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Cheap Auto Insurance in Indiana: Best Companies & Quotes
If you reside in Indiana, you pay an average amount of money for your car insurance each year. Indiana insurers aren’t the most expensive in the nation, but they’re not the cheapest, either. You’ll pay an average of $798 per year for a basic policy, but you can do better. If you want cheap auto insurance in Indiana, you’re going to need to do your research, compare rates, and understand which factors in your life influence the cost of your premium. While some factors aren’t anything you can control, many are. This means you get to pay less for things you typically pay more for. Let us help you find the best rates and the best policy in Indiana.
Best Car Insurance Companies in Indiana
- State Farm
- Auto Owners Insurance
- Farmers Insurance
|State Farm||Erie||USAA||Geico||Auto Owners Insurance||Farmers Insurance|
|AM Best Financial Strength Rating||A++||A+||A++||A++||A++||A+|
|JD Power 2019 Overall Customer Satisfaction score||3/5||5/5||4/5||3/5||3/5||4/5|
|Avg Annual Premium||$551||$499||$374||$488||$707||$771|
|Consumer Reports Reader Score||78||86||92||78||N/A||72|
|BBB Rating||A+||A+||Not Rated||A+||A+||A+|
Auto Insurance Statistics in Indiana
Top 10 Cheapest Car Insurance Companies in Indiana
|Rank||Company Name||Avg. Annual Premium|
|10||Hastings Mutual Insurance Co||$1,173|
Drunk Driving Fatalities
Every year, drunk drivers cause accidents on the road, and in some cases, these accidents end up being fatal. The National Highway Traffic Safety Administration has done a tally of the number of drunk driving fatalities in Indiana vs. nationwide.
Drunk driving fatalities in Indiana from 2013 to 2017
Teen Drinking and Driving
Teen drinking and driving in Indiana has been relatively low when compared with the national average. It is important to warn teen drivers about the dangers of drinking while driving.
The below statistics represent the percentage of Indiana drivers that are teenagers who are drinking and driving when compared with national averages.
Teen Drinking & Driving in Indiana vs. Nationwide (2017)
SR-22 Insurance in Indiana
In Indiana, officials sometimes refer to an SR-22 as a ‘proof of financial responsibility’ document. The reason behind this is that an SR-22 form provides the state DMV with financial assurances that you will be able to pay any issues that stem from an accident. You will need one of these insurance policies to reinstate your license after various types of infractions.
Indiana has similar coverage requirements to many other states in the US. You will be required to have property coverage damage of $10,000, bodily injury coverage of $25,000 (for one person), and bodily injury coverage of $50,000 (for multiple people). The insurance provider will provide direct verification of whether or not you have this insurance, so there’s no way of getting around this requirement.
Car Theft in Indiana
Car theft in Indiana has been relatively similar to the rates of car theft across the country. When selecting car insurance, it helps to consider the number of vehicle thefts locally to see if you should invest in comprehensive car insurance coverage. Comprehensive insurance in Indiana is the best option when you want to make sure that your vehicle is protected.
Vehicle thefts by rank nationwide vs. Indiana
Uninsured Motorists in Indiana
Driving without uninsured and underinsured motorist coverage is risky because not every driver in the state of Indiana carries insurance on their vehicles. To lower your level of risk while driving, it is recommended to get uninsured and underinsured motorist coverage. The below data shows how well Indiana ranks in the total number of reported uninsured motorists in the state in the year 2015.
Percentage of uninsured drivers (Top 10 States in 2015)
Source: Insurance Information Institute
Best Insurance Companies
Living in Indiana means you have dozens of insurance agencies at your beck and call. They all offer you a different rate, different features, and a number of other considerations. National statistics tell us it’s the best car insurance companies such as Erie Insurance, Indiana Farm Bureau, Farmers, Wolverine Mutual, and Hastings Mutual that have the lowest rates to offer their customers. Keep in mind most people have different life situations to consider, so these companies might not offer you the same low rates they’re offering to other drivers.
Factors Used to Consider Insurance Premiums
All insurance companies have a list of factors they use to determine what you qualify for in terms of insurance rates. These factors are considered for all applicants, but the personal aspect of each is what drives the price of your insurance premium.
- Credit history
- Driving history
- Type of vehicle you drive
If you want the lowest rates for insurance, you need a clean credit history, a clean driving record, and you should live in an area with a low crime rate not situated near a major highway or any other high-crime location. You should work in a profession that’s not dangerous, doesn’t require you spend much time on the road, and doesn’t put your life at risk.
You should also drive a newer vehicle with a larger size, but one that has a smaller engine is the least expensive to insure with almost all companies. You should also have multiple cars on one policy and bundle all policies to receive the biggest discounts. Be sure to do a home and auto insurance bundle comparison to locate the best rates.
How to Lower Your Rate
If you feel you need a lower rate for your insurance, call your insurance company to see if you can get a lower rate. If you’ve been a long-time customer with a clean driving record, there’s no reason your insurance company shouldn’t want to work with you to provide a lower rate. You can do this simply, or you can inform them in your politest voice you are planning on looking for a new insurance policy with a new company. This often makes your company want to work with you due to the threat of leaving.
You can compare rates at a few companies and call yours first to tell them what you’re being offered elsewhere. You should also mention if you belong to any professional organizations such as AAA Car Insurance that offer discount car insurance. Another way to lower your rate is to let the insurance company know if there are any major life changes in your life. If you got married, you can get a discount on your policy. If you are a young man who recently turned 25, you might qualify for a discount because of your age. It’s helpful to ask for as many discounts as possible
All Indiana insurance companies work to find the best customers, so they’re going to check your credit and driving record. You can change those things. You can only do better from this point forward and hope it helps in the future.
Your insurance is necessary, but that doesn’t mean it needs to be unaffordable. Do your homework to find out which companies are least expensive in and around your Indiana city and follow up with a few to see if they can offer you a lower rate. It’s the simplest things that often have the biggest impact on your financial future.
Types of Auto Insurance Coverage in Indiana:
- Comprehensive Insurance Coverage
- Bodily Injury Liability Insurance
- Uninsured/Underinsured Motorist Bodily Injury Insurance
- Uninsured Motorist Property Damage Insurance
- Property Damage Liability Insurance
Minimum Requirements For Car Insurance in Indiana
There are minimum requirements for car insurance in the state of Indiana. According to the Indiana Department of Insurance, it is mandatory to have at least liability coverage as well as uninsured/underinsured motorist coverage, however, the latter can be refused in writing.
Liability Coverage minimums for the state of Indiana:
- $10,000 for property damage
- $25,000 per single bodily injury or death
- $50,000 per multiple bodily injury or deaths
Source: Department of Insurance
New Driver License Requirements in Indiana
New Driver Licensing Requirements
In Indiana, new drivers must obtain a drivers license in a timeframe of 60 days after becoming a resident of the state. New drivers who don’t have any other out of state licenses will need to apply for a learner’s permit so that they can drive. The stipulations to obtain a learner’s permit include that the driver must be 15 years old, complete a driver education course, and pass a knowledge and vision test.
Cheap Auto Insurance Discounts
CheapAutoInsurance.co has a singular goal of helping you save on the amount of your auto insurance premiums each month. That is why we have compiled a list of the best possible car insurance discounts available with your local insurance company. The discounts listed below will help you to save even more money each month on your car insurance rates.
- Anti-theft discount
- Mature driver discount
- Military or Veteran discount
- Bundling insurance policies discount
- Senior citizen discount
- Car safety features discount
- Good student discount
- Defensive driving discount
- Low-mileage discount
- Multi-car auto insurance discount
- Infrequent usage discount
General Auto Insurance Information
In this section, you will find frequently asked questions pertaining to general auto insurance questions.
What type of auto insurance protection is required in Indiana?
The minimum type of insurance that is required in Indiana is liability coverage. By law, you are required to have bodily liability coverage with a minimum of $25,000 per person and a minimum of $50,000 per accident.
What is the state minimum coverage for auto insurance in Indiana?
The minimum coverage for auto insurance in Indiana is liability coverage. As part of your standard auto insurance policy you must have by law liability insurance that includes bodily injury liability and property damage liability. Related: Is a $500 deductible car insurance best?
Who must have auto insurance in Indiana?
All drivers with valid driver’s licenses and learner’s permits, from the age of 16 and up must have auto insurance in Indiana. If you have a motor vehicle and an up-to-date license, you must have the car insurance before driving on the road.
What is the best car insurance in Indiana?
The best car insurance in Indiana is State Farm. State Farm has one of the lowest rates in Indiana today. The next best car insurance in Indiana is Country Financial, Indiana Farm Bureau and Auto Owners. Check out Safe Auto reviews as well since people say they can be really good.
When should I add my child to my car insurance in Indiana?
You should add your child to your car insurance in Indiana the moment your child has a learner’s permit and has access to drive your car. This holds true regardless if your child has their own car or not.
How do you get car insurance in Indiana for a vehicle?
To get car insurance in Indiana for a vehicle, you must first find an insurance company that you have found with the lowest rates. Once you find a car insurance company to go with, call the company with your driver’s license number, vin number of your car, make and model of the vehicle and the payment method to pay you first month insurance premium.
In Indiana, how long do I have to get auto insurance when I buy a new car?
Most insurance companies have policies that extend the coverage on new cars that gives car owners anywhere from 7 to 30 days to inform the insurance company that you have bought a new car. It will depend on the insurance company, so be sure to contact the insurance company you have to be sure. If you don’t have a policy already then you can simply buy car insurance online using our form above.
When do you need to add a teenager to my car insurance in Indiana?
You need to add a teenager to your car insurance in Indiana when a teen has a learner’s permit or the day they receive their driver’s license. This is especially true if the teenager is going to be driving a car under your insurance policy. Insurance for young drivers can be expensive but there are ways to save such as comparing quotes.
How long does a DUI stay on your car insurance in Indiana?
A DUI typically stays on your car insurance in Indiana for as long as the DUI stays on your driving record. Most states will keep any alcohol or drug related conviction on your driving record for 5 to 10 years. Be sure to compare car insurance quotes with DUI to get the best rate. Finding cheap sr22 insurance may prove challenging but not impossible depending on the companies you get rate quotes from.
What is an auto insurance company responsible for in Indiana?
An auto insurance company is responsible for operating in accordance with Indiana state laws. It is responsible for paying out the minimum requirements per policy in the case of an accident.
What is the type of insurance you have to have when leasing a car in Indiana?
In Indiana, it is required by law to have a minimum of liability insurance that covers as much as $100,000 per person, at least $300,000 per accident for bodily injury and properly coverage for at least $50,000 per incident. This of course, differs based on where the car is leased from.
How long do you have to tell insurance company about a new car in Indiana?
Most insurance companies require that you give them notice of a new car between 7 to 30 days. This will be different based on your car insurance and it is best to call them to find what their grace period is. If you’re traveling through then you may want to look at short term car insurance USA policies. For example if you only need insurance for a week then you could get 7 day car insurance coverage.
What is Indiana minimum for property damage on car insurance?
In Indiana, the minimum property damage on car insurance if a minimum of $10,000 per accident. This amount can go as high as $25,000 to $50,000. This can be different based on which county you reside in.
How long do you have to switch insurance after buying a car in Indiana?
In Indiana, car owners have between 7 to 30 days to switch their insurance after purchasing a new car. This grace period will be different from insurance company to insurance company and is best to double check with your own insurance company to see how long their grace period is. This is an opportunity to compare car insurance quotes and see if you can get a better rate.
What does an Indiana car insurance policy number consist of?
Most Indiana car insurance policy numbers consist of 9 digits. This number can contain three digits, followed by a dash and six remaining numbers. The set of numbers on this policy will be the date to which the policy was put into effect.
Who regulates car insurance companies in Indiana?
Car insurance companies in Indiana are typically regulated by the Indiana Department of Insurance which regulates how much car insurance companies are allowed to charge customers to making sure they follow the law with their coverage practices.
How long does an auto insurance company in Indiana have to authorize body repairs?
An auto insurance company in Indiana has approximately 1 week to 3 weeks to authorize body repairs. A claims adjuster will first contact you within 1 to 3 days of the accident and then take the time to set up authorization for body repairs.
Who is the number one rated car and home insurance company in Indiana?
The number one rated car and home insurance company in Indiana is State Farm. State Farms not only provides affordable home insurance and car insurance for single family homes and cars that includes add on coverage perks such as liability protection and personal injury protection. Ask them if they have an auto insurance no deposit option.
How long to get insurance on used car in Indiana?
Typically, car owners need to get insurance on used cars in Indiana as soon as they purchase the car. Most car owners cannot leave a car dealership without having insurance on the car first. Related: What do I need for insuring a salvage title?
How to become an auto insurance agent in Indiana?
To become an auto insurance agent in Indiana you must first complete a pre-licensing course that allows you to sell insurance in Indiana. To complete this course, you must attend pre-licensing education that is approved by the state of Indiana. Then you must pass a licensing exam.
Where to fax proof of auto insurance in Indiana?
Indiana is a state that allows electronic proof of insurance. However, in order to register your car, you will have to fax proof of auto insurance directly to the Department of Motor Vehicles near you.
In Indiana, do we add a child to car insurance when they get their license?
No. You will need to add a child to your car insurance, you must add them the moment they receive their learner’s permit. This will help protect you and your child in the case of an accident.
How much is car insurance with SR22 in Indiana?
There are two costs associated with an SR22 auto insurance: the cost of filing which can reach a price of $125 depending on the jurisdiction and the actual liability auto insurance premium from specific companies.
How long do I have until I can get sued by a debt collector over a car insurance wreck in Indiana?
Under the Fair Credit Reporting Act, a debt collector has an average of seven years to sue you for a debt. However, if the debt is too old, they may have a hard time holding up the debt case in court.
In an Indiana divorce, who pays car insurance?
This is typically decided upon by both parties. Usually one person in the divorce will have to cover the cost of insurance. However, if one party has their own insurance, then nobody needs to pay the car insurance for multiple cars.
How to get motorcycle insurance without a license?
It’s going to be hard to get motorcycle insurance without a license. You’ll need to talk to insurance companies directly to understand your options. If you do talk to them remember that to get the cheapest motorcycle insurance you’ll need to compare rates of multiple companies.
Auto Insurance Prices in Indiana
In this section, you will find frequently asked questions regarding the price of auto insurance in Indiana.
How much is car insurance in Indiana?
The average rate of car insurance in Indiana can range from $100.00 for liability and comprehensive coverage to nearly $400 for full auto coverage with collision coverage. The price of car insurance will vary based on the make, model and year of the car.
Who has the cheapest car insurance in Indiana?
The auto insurance company with the cheapest car insurance prices in Indiana is State Farm. State Farm offers competitive discounts on car insurance with high customer satisfaction reviews and various online features. Learn more about how to find cheapest car insurance rates.
How much is full coverage car insurance in Indiana?
The typical price for full coverage car insurance in Indiana is around $400 to $500 depending on the type of car you own. This price can also vary depending on your age, credit score and driving history. Compare quotes to get low cost full coverage car insurance.
How much is car insurance per month in Indiana?
The average car insurance payment per month in Indiana can range from $100 a month to as high as $500 a month, depending on the type of policy you have and what type of car your own.
Who has the best auto insurance rates in Indiana?
The auto insurance company with the best rates in Indiana is State Farm. For the basic coverage required by Indiana law offers $25,000 for injury coverage per person and up to $50,000 for total bodily injury for all the parties involved. If you are older ask them if they have senior auto insurance discounts.
How much is car insurance for a 16 year old in Indiana?
The average cost of car insurance for a 16 year old in Indiana is $2,500 for the year, if they are added to their parents insurance plans. This insurance plan includes the minimum coverage required by law.
Who has the cheapest car insurance in Northwest Indiana?
The cheapest car insurance in Northwest Indiana is Erie Insurance. Erie Insurance offers car insurance policies starting at $557 for the year for good drivers, $329 for the year for young drivers and $440 a year for retired drivers. We have been asked about cheap auto insurance no license options however you will need to consult with an agent about this.
How much is car insurance for a 19 year old per month in Indiana?
The cheapest car insurance for a 19 year old in Indiana is through Erie Insurance which can cost as low as $30 to $60 a month. This is an insurance policy that is tailor made for those in their late teens to early 20’s. Related: How much is car insurance for 18 year old drivers?
How much is car insurance in Gary, Indiana?
Car insurance in Gary, Indiana varies based on the company. However, most car insurance companies offer rates between $700 a year to over $1,000 for the year depending on the type of car added to the policy. See how multiple company’s rates for auto insurance compare to each other.
How do Indiana and Illinois compare for auto insurance?
The annual average for car insurance is slightly higher in Indiana versus Illinois. This of course depends on your zip code and insurance type. For example the cost of a SR22 insurance Illinois policy may be more for you.
Auto Insurance Coverage in Indiana
In this section, you will find frequently asked questions regarding general auto insurance coverage questions in Indiana.
What is considered full coverage auto insurance in Indiana?
Full coverage auto insurance in Indiana is defined as a policy that offered the state required liability in Indiana or the option of a no-fault insurance coverage that covers bodily injury and property damages in the case that you cause an accident.
What car insurance coverage is required in the state of Indiana?
The type of car insurance coverage that is required in the state of Indiana is bodily injury liability and property damage liability, both with a minimum of $25,000 per person and $50,000 per accident caused. To get cheap liability only insurance simply compare quotes using our form above.
How much liability car insurance do I need in Indiana?
The amount of liability car insurance that you need in Indiana is $25,000 for bodily injury liability, a minimum of $50,000 per accident coverage and an amount of a minimum of $10,000 for property damage liability. If you have an antique car and won’t be driving it much then consider getting the cheapest classic car insurance instead.
How long should you keep auto insurance policies in Indiana?
Typically, you will be required to keep an auto insurance policy in Indiana for a minimum of 6 months to a year. Each policy can be paid on a monthly or yearly basis. If you have veterans car insurance you can probably put it on hold while deployed.
When purchasing a car from a dealer in Indiana what are the terms for full coverage insurance?
The terms for full coverage insurance whenever you purchase a car for a dealership in Indiana will depend on the type of loan you are receiving for the car and what are the strict terms of coverage for the car. Most lenders will require that the insurance coverage includes a certain amount if collision and comprehension coverage. Take a look at the cheapest new cars to insure.
Lack of Auto Insurance in Indiana
In this section, you will find commonly asked questions pertaining what occurs when drivers lack car insurance in the state of Indiana.
What happens if you hit a car and you have no insurance in Indiana?
Getting into an accident when you have no insurance in Indiana can have serious consequences such as loss of your driver’s license, loss of car registration and even have the possibility of facing jail time.
How long will your license be suspended in Indiana for a car accident without insurance?
If you have a car accident with no insurance, your license can be suspended for up to 90 days for the first offense, 1 year for the second offense and for a year for the third offense with the addition of having your registration suspended for the same time.
What happens if you don’t have car insurance in Indiana?
If you don’t have car insurance in Indiana, you are not legally allowed to drive a car. If you risk driving with no insurance, you risk license suspension for up to 90 days.
What is Indiana law for car repossession for lack of auto insurance?
Indiana state law for car repossession for lack of auto insurance states that if you are pulled over or fail to meet the insurance requirements by an auto lender, your car can be repossessed by the state or the auto lender.
How can they tell if you have no insurance coverage in Indiana for your car?
The best way to tell if you have no insurance coverage for your car in Indiana is if you don’t have an insurance card or a policy number with your car listed as being covered under a specific insurance plan.
What if I’m hit in a car accident and I don’t have insurance in Indiana?
If you are hit in a car accident and don’t have car insurance in Indiana, you will not be able to seek body repairs for damages done to your car and you can risk losing your license for 90 days or up to a year.
What happens when your car insurance lapses in Indiana?
If your car insurance lapses in Indiana, it can leave you at risk for serious penalties. However, you can deal with the risk and penalties and work on getting coverage back on your car immediately. You can either get new insurance online or search for car insurance brokers near me and that should pull up plenty of options.
Auto Insurance Claims
In this section, you will find common Indiana auto insurance claims questions that most insurance companies in Indiana must cover.
How long can you wait to file a claim with car insurance in Indiana?
As according to Indiana state law, you can wait up to 2 years to file a claim with a car insurance company. However, the sooner you file a claim, the sooner you can receive compensation for damages.
What happens if I don’t report a car accident to insurance in Indiana?
If you don’t report a car accident to your insurance company in Indiana, you will not be able to seek compensation for any damages done to property or car in the case you caused the accident.
What is an auto insurance company responsible for in Indiana when settling a claim?
An auto insurance company in Indiana is responsible for covering its agreed upon coverage for damages based upon the policy coverage for every customer. They are required to do this by Indiana state law.