Auto Insurance in Indiana
Indiana’s auto insurance rates are on the low side — on average $1,327 per year, compared to the nationwide average of $1,669. That said, how much you’ll pay can vary a lot depending on your car, your coverage, and your address. Use our tool to find your best rates:
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While you’re not required to have comprehensive insurance, it can be helpful in situations where liability alone doesn’t cover you. With 24,000 miles of rivers, having comprehensive insurance can be a good idea considering the risk of flood damage. Rates vary somewhat depending on where you live and the type of vehicle you drive, so it’s a good idea to shop around to get the best price.
Indiana Minimum Liability
Indiana only requires a minimum liability coverage of 25/50/10, which works out to $25,000 for bodily injury per person involved in the accident, a maximum of $50,000 per accident in bodily injury claims, and only $10,000 in property damage per accident. This level of coverage can leave you paying anything extra out-of-pocket.
Since Indiana is a state with modified comparative negligence, you may be found partially at fault in an accident. While this typically reduces settlement amounts by sharing the fault between drivers, the low mandatory limits make it very possible to quickly exceed policy limits. The average cost of a new vehicle is more than $31,000, so even at a prorated 50 percent, if the vehicle is totaled, you could be looking at a hefty price tag. You may want to consider buying a policy with higher limits to reduce your risk.
To find out about the different types of coverage, and who offers the best rates, shop around for quotes. Car insurance companies often specialize in specific types of drivers, so each may evaluate your driver profile differently. The time you spend shopping for rates could help you save a considerable amount each year.
Cheapest Car Insurance in Indiana
- $1,117American Family
- $1,794United Farm Bureau of IN Group
- $987State Farm
If affordable insurance is at the top of your list, be sure to check out the companies listed here. After extensive comparisons, these providers typically offered the cheapest quotes in Indiana.
Before choosing a low-cost insurance provider, be aware of the potential downsides. In exchange for the lower premium, you may pay in poor customer service and claims efficiency. Of course, if you rarely drive or aren’t worried about a slower claims process, one of these cheap insurance providers might be the best choice for you.
Most Popular Companies by Marketshare
- American Family
- United Farm Bureau of IN Group
- State Farm
If you rely on word-of-mouth or are looking for a commonly used insurance provider, these are the companies for you. They’re often the most popular because they offer policies designed for Indiana drivers. Even with an emphasis on local policies, popularity doesn’t always equal quality. Sometimes, these companies gain popularity by spending the most on advertising or by focusing on the local market. This gives them tons of name recognition, but it doesn’t always mean a low rate or quality service.
Choosing the Best Car Insurance in Indiana
Before deciding to go with the company that has the best name recognition, it’s always a good idea to shop around. Less popular insurance companies may offer lower rates or more comprehensive policies.
Developing a long-term relationship with an insurance provider helps you get the best service in the event of an accident, so you really need to consider quality when shopping for a policy. Top-rated car insurance companies have a reputation for hassle-free claims and comprehensive packages.
Start with some of the insurance companies listed here to find top-rated providers at a reasonable price. These insurers are some of the best available in Indiana. When compiling this list, we compared a variety of factors, including customer service, coverage availability, rates, financial strength, and claims management.
Where is car insurance most affordable?
One of the major factors that can affect your premium price is where you live. Cities can vary dramatically in car insurance rates, and the difference in small towns can be even more extensive.
For example, if you live in Lafayette, your rate may be much closer to the national average than if you live in Gary.
When you live in an area with multiple insurers, it’s always a good idea to get quotes from several companies. This can help you decide on the best deal based on coverage level and price.
Anderson Auto Insurance
Even though Anderson has a population of only 55,670, its average insurance rates are higher than the state average by more than $100 per month. There’s reasonable public transportation available in Anderson through the CATS bus system, but cars are still the most common method of commuting, in large part due to the sprawl of this city. Your specific driver profile determines your rates, so you may be able to nab something below the state average if you have a clean record.
Bloomington Auto Insurance
Known as the Gateway to Scenic Southern Indiana, Bloomington was established in 1818 and is now home to more than 82,500 people. Insurance rates in this sprawling college town are close to the state average, which is good since this bike-friendly city has limited public transportation.
Elkhart Auto Insurance
Elkhart, the RV Capital of the World and the Band Instrument Capital of the World, is home to almost 52,000 people. With the prevalence of RVs, it may come as a surprise that insurance rates in this area are very close to the state average. Driving record, age, and other factors can affect your rate, so be sure to get several quotes before signing up for insurance.
Evansville Auto Insurance
The third-largest city in Indiana, Evansville is the county seat of Vanderburgh County. It’s often called the Crescent Valley or River City due to its location next to the Ohio River. Home to more than 121,500 people, insurance rates in Evansville are a bit higher than the state average. The prevalence of on-road bike paths and the comprehensive bus system known as the METS make it fairly easy to get around within the city limits, but a car is helpful for those with a longer commute.
Fort Wayne Auto Insurance
The second-largest city in Indiana, Fort Wayne was once an industrial city but is now better known for its importance in the defense industry, logistics, and transportation. Home to more than 256,000 people, the greater metropolitan area has a population well over 600,000. Given the higher population density, it’s surprising that insurance rates in this area are very close to the state average. With average commute times of approximately 20 minutes, owning a car is a convenience in this urban area.
Gary Auto Insurance
Mix it up with a variety of people in Milford. Milford is a coastal city located in New Haven County, and it rests between New Haven and Bridgeport; this city also attracts a substantial number of vacationers and tourists each year. With its proximity to Charles Island and Silver Sands State Park, Milford provides the ideal combination of interesting activity and tranquility. As far as Connecticut is concerned, Milford has very reasonable insurance rates.
Hammond Auto Insurance
New Britain, located nine miles southwest of Hartford, is part of Hartford County. With a population over 72,000, the city is a little over mid-size by Connecticut standards; however, it still provides a quiet residential dwelling and calm ambiance. The city is also home to Central Connecticut State University; despite having a major university within its borders, New Britain’s insurance rates remain relatively low.
Indianapolis Auto Insurance
As the capital of Indiana, Indianapolis is home to more than 852,000 people and sits on over 368 square miles of land. It’s the 14th-largest city in the United States and is home to one of the most watched auto racing events in the world — the Indianapolis 500. Car insurance rates are only slightly above the state average and well below the average cost in Lake County. The city has a fully functional public transit system, but the most common commuting method is still the car. In part, this is due to the large geographical area that comprises Indianapolis.
Lafayette Auto Insurance
Located in Tippecanoe County, Lafayette is home to more than 70,300 people. This industrial city is also the home of Purdue University, making it a town devoted to industry and academics. Insurance rates sit right at the national average and well below the state average in this area, so it’s more affordable to maintain a car. This is good, since public transportation isn’t comprehensive in this area.
Muncie Auto Insurance
Enjoy serenity and quiet in this town. Stamford is located in Fairfield County, and it’s widely recognized for the Stamford Museum and Nature Center; the city is also known for its beautiful and tranquil state parks, such as Cove Island Park and Cummings Park. Even with a population over 126,000, the insurance costs for this city are relatively low. Stamford is ideal for those who consider insurance cost when selecting a home.
South Bend Auto Insurance
Originally settled by fur traders, South Bend is located at the southernmost bend in the St. Joseph River and is home to more than 59,000 people. The University of Notre Dame is located just to the north of the city, offering highly acclaimed academics to students. Although the presence of the university means a large number of younger drivers, insurance rates still sit just above the state average.
Terre Haute Auto Insurance
Although home to less than 62,000 people, Terre Haute is a thriving college town full of arts, culture, sports, and other activities. It had the distinction of being named Community of the Year by the Indiana Chamber of Commerce in 2010, and it made the quarterfinals in the America’s Best Communities contest. Car insurance rates here are just a few dollars higher than the state average.
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