The Best Indiana Auto Insurance Companies
Indiana’s auto insurance rates are on the low side — on average $755 per year, compared to the nationwide average of $1,009. 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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The Best Indiana Auto Insurance Company
Indiana drivers get to pay a little less for auto insurance than the rest of the nation. In 2018, the state was ranked #16 in auto insurance premium costs, making it one of the more affordable states in which to take out an auto insurance policy. This doesn’t necessarily mean folks in Indiana are better drivers, though — auto insurance rates are regulated by state governments, and the Indiana Department of Insurance requires rates to be “fair, adequate, and not excessive or unfairly discriminatory.”
Since rates are so low, you don’t want to accidentally end up overpaying for your car insurance. To find the best auto insurance in Indiana, you’ll want to compare coverage options, determine how many discounts you’re eligible for, and make sure your insurance provider has a track record of financial stability and customer service. Luckily, we’ve done some of that work for you.
Indiana Minimum Liability
As of July 2017, here’s the minimum amount of auto insurance you need to drive in Indiana:
- $25,000 bodily injury coverage per person
- $50,000 bodily injury coverage per accident
- $25,000 property damage coverage per accident
This is often called a 25/50/25 policy, so if you see those numbers, know that they represent the minimum amount of insurance required to drive legally in the state.
Indiana drivers are also required to get the following uninsured/underinsured motorist coverage, unless they reject this coverage in writing:
- $25,000 uninsured motorist bodily injury coverage per person
- $50,000 uninsured motorist bodily injury coverage per accident
- $25,000 uninsured motorist property damage coverage per accident
- $50,000 underinsured motorist bodily injury coverage per person
Uninsured/underinsured motorist coverage protects you if you are involved in an accident with a driver who doesn’t have enough insurance to pay their share of the damages. It also protects you if you are hit by a driver who flees the scene.
Even though you have the option of rejecting uninsured/underinsured motorist coverage, we recommend adding it to your insurance policy. We also recommend going beyond the minimum 25/50/25 coverage. If you’re in an accident that causes more than $25,000 in property damage, for example, you could end up paying the difference out of pocket — and you might even find yourself part of a lawsuit. Adding more coverage to your policy might cost a little more now but it can save you a lot of money in the future.
You’ll also want to add additional coverages to your insurance policy, such as collision coverage, which protects you if you collide with an inanimate object (like a tree), and comprehensive coverage, which protects you if your car is damaged by weather or stolen. Both hazardous weather and car theft are issues in Indiana, as we’ll discuss later.
When you’re shopping for insurance providers, you’ll want to consider both the available coverages and the available discounts — every coverage you add to your policy raises your premium, but every discount you’re eligible for lowers it. We recommend requesting quotes from multiple insurers to see which one offers you the best package at the lowest rates. Getting quotes from the top insurance providers in Indiana is a great place to start.
How We Found the Best Auto Insurance in Indiana
We reviewed the five largest insurance providers in Indiana and evaluated them using the same methodology we developed for our nationwide auto insurance review. We checked each insurer’s financial stability ratings, to determine whether they were stable enough to pay off hefty insurance claims. We also researched customer service rankings and learned how real-life consumers felt about each insurer’s claims process and claims payment speed. We looked into each insurer’s list of coverages, as well as their list of discounts — because we know you’re going to want to know how much money you can save. We also checked to see if these insurers offered special apps and tools to help you lower your premiums while improving your driving skills.
Indiana Auto Insurance Reviews
GEICO earned the Best Overall ranking in our nationwide auto insurance review, and it also earned the highest financial stability and customer service rankings of any of the Indiana providers we researched. GEICO received the top A++ rating from A.M. Best, indicating an exceptionally high level of financial stability. JD Power gave GEICO 3/5 for overall experience and 4/5 for claims experience, and Consumer Reports gave GEICO a Very Good rating for claims process and an Excellent rating for speedy claims payment.
In terms of coverage, GEICO offers a variety of options. You’ll be able to go well beyond the minimum insurance requirements with GEICO’s liability coverage, and if you want additional protection you can sign up for roadside assistance coverage (in case you drive into a ditch) and rental reimbursement coverage (in case you need to rent a car because you drove yours into a ditch). GEICO also offers mechanical breakdown coverage, which protects the mechanical components of your car if they break down beyond normal wear and tear.
However, GEICO’s true strength is in its discounts. GEICO is known for being the insurer that will save you money on your car insurance, and its long list of discounts practically guarantees that everyone will find at least one way to save. You can get a discount if your car has safety features such as anti-lock brakes, and you can get a discount if you sign up for safe driving classes. Young drivers can get discounts for completing driver’s education courses, and for getting good grades in the rest of their educational program. You can even get a discount if you’re associated with one of over 500 companies or organizations, including the federal government and the military.
One more note: If you drive for Uber and Lyft, you might want to sign up for GEICO’s Rideshare Insurance. This hybrid insurance policy protects you both when you drive your car for personal purposes and when you drive it for a rideshare company. You won’t be able to access this policy from GEICO’s auto insurance quote page, though; you’ll need to visit its special Rideshare Insurance site and apply.
State Farm earned an honorable mention in our nationwide auto insurance review. Like GEICO, State Farm earned a superior A++ ranking from A.M. Best. Consumer Reports also gave State Farm a Very Good for claims process and an Excellent for claims payment speed. However, JD Power ranked State Farm slightly below GEICO, only giving State Farm ⅗ for both overall experience and claims experience.
State Farm offers slightly fewer coverage options than GEICO, although you’ll still find all of the important coverages on State Farm’s list: liability, uninsured/underinsured motorist, comprehensive and collision, and even rental reimbursement and roadside assistance. State Farm also offers rideshare coverage as an add-on to your personal auto insurance policy, rather than the hybrid policy GEICO provides for Uber and Lyft drivers.
State Farm’s auto insurance comes with fewer discounts than GEICO’s, though you can still get discounts if your car comes with certain safety features such as airbags, and you can also get discounts if you complete safe driver training courses. College students can take advantage of State Farm’s “student away at school” discount, and drivers under 25 can earn an additional discount if they download State Farm’s SteerClear app and complete its educational program.
SteerClear isn’t the only app State Farm offers. Drivers can reduce their premiums by up to 50 percent if they sign up for State Farm’s Drive Safe & Save, a program that uses your mobile phone or OnStar device to track your driving in real time. All drivers receive a discount just for installing the program, and drivers who practice good driving habits can earn additional discounts on their premium.
Like State Farm, Allstate earned an honorable mention in our nationwide auto insurance review. Allstate’s financial stability rating is one partial grade letter below State Farm’s — an A+, instead of an A++ — but that still counts as a superior rating from A.M. Best. Consumer Reports gave Allstate a Very Good on claims process and an Excellent on claims payment speed, while JD Power gave it 3/5 for both claims and overall experiences.
Allstate offers the most coverage options of any of our top providers, including rideshare coverage for Lyft and Uber drivers, sound system coverage for audiophiles, and Deductible Rewards coverage for safe drivers. If you sign up for Deductible Rewards, your deductible will decrease by $100 for every accident-free year, for up to 5 years or $500.
If you’re looking for discounts, you won’t get as many with Allstate as you might with some of our other insurers. Allstate does offer a discount if you insure a new car, though, which is worth noting because new cars usually make your premiums go up, not down.
You can also save a little extra money by signing up for Allstate’s Drivewise program. It’s a lot like Drive Safe & Save, except instead of getting a premium discount, you get up to 25% cash back every six months. If you complete safe driving challenges, such as going three days without high speeding, you can also earn Allstate Rewards points, redeemable for purchases at major retailers, such as The North Face and Applebee’s.
Progressive also earned an honorable mention in our nationwide auto insurance review — and, like State Farm and Allstate, Progressive also earned 3/5 for both overall experience and claims experience from JD Power, plus a Very Good for claims process and an Excellent for claims payment speed from Consumer Reports. Progressive’s financial stability rating is right up there with Allstate’s: another A+ from A.M. Best.
Progressive provides all of the standard auto insurance coverages as well as two unique coverage options. If you sign up for Progressive’s collision coverage, you automatically get pet injury coverage included — so if you have a dog or cat who regularly rides in your car, you might want to look into that additional protection. Progressive also offers gap loan/lease payoff coverage, which helps pay off the balance on your car loan if you end up totaling your car. Lyft and Uber drivers, take note: you won’t be able to sign up for rideshare coverage with Progressive, so it might not be the right insurer for you.
Progressive’s discounts are similar to Allstate’s: there are a couple of unique discount options, including a discount for starting your quote process online, but overall you’re likely to get more discounts with another provider. Progressive’s Snapshot program is similar to State Farm’s Drive Safe & Save and Allstate’s Drivewise, but there’s one big difference: Snapshot only tracks your driving for a limited amount of time (generally six months) before determining your discount. There’s no opportunity to improve — and if your driving isn’t great, your premiums might actually go up.
Indiana Farm Bureau
This local insurance provider is so small that it doesn’t have financial ratings with A.M. Best or customer service ratings with JD Power or Consumer Reports. You also aren’t going to find a lot of information about coverage options; the Indiana Farm Bureau wants you to contact an agent so they can put together a custom coverage package.
You will find plenty of information about the Indiana Farm Bureau’s discounts, though — this insurer offers more discounts than any other provider on our list. You can save money if you go paperless, pay your annual premium in full, have an accident-free driving history, are younger than 24 or older than 45… and that’s just a handful of the discounts on offer.
If you want to keep saving money, you can sign up for the Indiana Farm Bureau’s DriveTrend program. It’s another “track your driving” app like the ones State Farm, Progressive, and Allstate offer, but it only yields a potential 5% discount.
If you’re interested in working with a local insurer, it’s worth contacting the Indiana Farm Bureau and seeing what type of coverage package they can offer — but it’s also worth getting at least one other quote from one of our top providers.
If you live in St. Joseph County, watch out for car theft.
Car theft has become a serious issue in St. Joseph County, especially if you live in and around South Bend. You have a 1 in 500 chance of getting your car stolen if you live in St. Joseph County, but that number jumps to 1 in 250 for South Bend residents. Adding comprehensive insurance to your policy can help protect you if your car gets stolen, so make sure you discuss that option with your insurance agent.
Make sure to protect your car from bad weather.
Indiana’s annual storm season is no joke — in 2016, Indiana weather caused $15.36 million dollars in property damage. You’ll want to make sure to protect your vehicles from adverse weather, including rain, hail, and wind-related damage (like falling tree limbs). Comprehensive car insurance generally covers weather damage, but you’ll want to confirm with your insurance agent exactly what your policy does and does not include. Will you be protected in case of flood? What about tornadoes? Are there any weather hazards that aren’t covered by the policy? The more you know about what an insurance policy covers, the better equipped you are to make smart insurance choices.