Indiana car insurance prices are, on average, significantly lower than the national average cost of car insurance. However, finding the best car insurance for your needs can still mean researching several facets of a company. Reviews.com can help make your research faster; we analyzed the insurance providers in the Hoosier State to see which came out on top.
The 4 Best Auto Insurance Companies in Indiana
We started our analysis by reviewing 2021 average premium data from Bankrate.com. Next, we reviewed each company’s coverages, discounts, and third-party scores. Based on our research, these four companies are among the best in Indiana
- USAA: Best for Military-Centric Options
- State Farm: Best for Discounts
- Allstate: Best for Coverage Options
- Erie: Best for Added Perks
Compare the Best Car Insurance Companies in Indiana
Keep in mind that these carriers were chosen as among the best based on our research method. The best company for you may be different based on your individual needs.
| Average Annual Minimum Coverage Premium* | Average Annual Full Coverage Premium* | AM Best AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim. | J.D. Power** J.D. Power scores are based on surveys for customer satisfaction and product quality. | ||
|---|---|---|---|---|---|
| Pin USAA | $239 | $834 | A++ | 895 | |
| Pin State Farm | $299 | $913 | A++ | 851 | |
| Pin Allstate | $452 | $1,566 | A+ | 827 | |
| Pin Erie | $312 | $1,027 | A+ | 857 |
Information accurate as of April 2022
*Data provided by Bankrate.com
**J.D. Power’s 2021 U.S. Auto Insurance Satisfaction study for the North Central Region. Based on a 1,000-point scale. USAA is not officially ranked due to eligibility restrictions.
Best for Military-Centric Options
WHY WE CHOSE IT
Why we chose it
Pros
- High J.D. Power customer satisfaction score
- Lower premiums than competitors
- Superior AM Best financial strength rating
Cons
- Limited availability
- Fewer discounts advertised than some competitors
- Few local offices
TYPES OF COVERAGE OFFERED
- Motorcycle
- ATV
- Renters
- Home
STANDOUT DISCOUNTS AVAILABLE
- Military installation
- Good student
- Loyalty
- SafePilot
Best for Discounts
WHY WE CHOSE IT
Why we chose it
Pros
- Several discounts available
- Convenient online tools
- Superior AM Best financial strength rating
Cons
- Higher-than-average NAIC complaint index
- Lower-than-average digital service score from J.D. Power
- Accident forgiveness must be “earned” and cannot be purchased
TYPES OF COVERAGE OFFERED
- Boat
- Condo
- Manufactured home
- Business
STANDOUT DISCOUNTS AVAILABLE
- Drive Safe & Save
- Loyal customer
- Steer Clear
- Student away at school
Best for Coverage Options
WHY WE CHOSE IT
Why we chose it
Pros
- Variety of add-ons available
- Several discounts
- Local agencies available
Cons
- Below-average J.D. Power customer satisfaction score
- Below-average J.D. Power claims satisfaction score
- Lower financial strength rating than some competitors
TYPES OF COVERAGE OFFERED
- Home
- Condo
- Business
- Life
STANDOUT DISCOUNTS AVAILABLE
- New car
- Smart student
- EZ pay plan
- Early signing
Best for Added Perks
WHY WE CHOSE IT
Why we chose it
Pros
- Highest J.D. Power customer satisfaction score in the North Central region
- Higher-than-average J.D. Power claims satisfaction scores
- Several added perks, such as pet coverage and personal item coverage
Cons
- Not available nationwide
- Fewer digital tools than some competitors
- Lower financial strength than some competitors
TYPES OF COVERAGE OFFERED
- Classic car
- Snowmobile
- Home
- Business
STANDOUT DISCOUNTS AVAILABLE
- Reduced usage
- Young drivers
- Annual pay plan
- Car safety equipment
*Data provided by Bankrate.com.
**J.D. Power’s 2021 U.S. Auto Insurance Study rating for the North Central region. Based on a 1,000-point scale. USAA is not officially ranked due to eligibility restrictions.
The Average Cost of Car Insurance in Indiana
The cost of auto insurance in Indiana is on the lower end of the spectrum, with full coverage costing an average of $1,254 annually, compared to the national average of $1,674, according to 2021 data from Bankrate.com. Because much of Indiana is rural, the risk of getting into an accident could be lower, resulting in lower premiums.
However, personal demographics such as age, ZIP code, and driving history may play an important role in the price of a car insurance quote. Your rates will vary based on your rating factors.
Top 3 Cheapest Car Insurance Companies in Indiana
| Company | Average Annual Full Coverage Premium* |
| Pekin | $673 |
| USAA | $834 |
| Grange | $872 |
* Data provided by Bankrate.com.
Top 3 Most Expensive Car Insurance Companies in Indiana
| Company | Average Annual Full Coverage Premium* |
| The Hanover | $4,355 |
| SafeAuto | $2,101 |
| Allstate | $1,566 |
* Data provided by Bankrate.com.
Top 3 Cheapest Cities for Car Insurance in Indiana
| City | Average Annual Full Coverage Premium* |
| Decatur | $1,119 |
| Geneva | $1,128 |
| Richmond | $1,131 |
* Data provided by Bankrate.com.
Top 3 Most Expensive Cities for Car Insurance in Indiana
| City | Average Annual Full Coverage Premium* |
| Gary | $1,958 |
| East Chicago | $1,907 |
| Whiting | $1,845 |
* Data provided by Bankrate.com.
Key Things to Know About Car Insurance in Indiana
The cost of car insurance in Indiana might be lower than the national average, but where you live in the state can significantly influence your annual premiums. For example, living in a larger city like Indianapolis or Fort Wayne might mean you pay higher premiums than someone living in a more rural area due to the higher likelihood of accidents and higher cost of living. Shopping around may help you understand what a competitive premium looks like for your situation.
Indiana Car Insurance Requirements
It is illegal to drive in Indiana without purchasing a policy with at least the state’s minimum required car insurance coverage. The minimum liability requirements in this state are 25/50/25, which means every driver must carry at least:
- $25,000 bodily injury liability per person
- $50,000 bodily injury liability per accident
- $25,000 property damage liability per accident
Indiana car insurance companies are also required by law to offer you both uninsured motorist coverage and underinsured motorist coverage, although you can reject these in writing.
Car Insurance Coverage Options
The minimum required coverage might be enough to let you drive legally in Indiana, but you might want to consider some additional coverages for more financial protection. Along with your basic car insurance policy, certain add-ons may prove to be invaluable, such as:
- Comprehensive coverage: This coverage type provides coverage for damage to your vehicle caused by theft, vandalism, weather, and other non-collision losses. Comprehensive is required as part of “full coverage” when you have a loan or lease.
- Collision coverage: This is what provides coverage for damage to your vehicle caused by colliding with a vehicle, person, or stationary object. Like comprehensive, collision is required if you have a loan or lease.
- Medical payments coverage: Medical payments coverage provides financial protection for you and any passengers in your vehicle if you sustain injuries in a crash, regardless of who is at fault.
- Roadside assistance: Roadside assistance covers some or all of the fees of towing a vehicle, requiring a jumpstart on the side of the road, or other roadside needs.
Frequently Asked Questions
Methodology
Reviews.com reviews products, services, and companies based on five criteria to help readers understand how companies compare based on similar metrics. For the best car insurance companies, our editorial team compared affordability, customer support, coverage options, customer satisfaction scores, and online resources from each company to determine top providers.
As for average pricing, we used Bankrate.com’s 2021 data of car insurance in Indiana, based on the profiles of a 40-year male and female. For full coverage, the details used were the following:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should only be used for comparative purposes.
About the Authors
Cate Deventer is a writer and licensed insurance agent. She has a Bachelor’s degree in theatre and is currently pursuing a degree in English with a concentration in professional and technical writing from Indiana University East. Her work has been featured on Reviews.com and Bankrate.com, and she’s passionate about helping people take charge of their finances. In her free time, she likes to read thrillers and sci-fi novels, garden, and toss tennis balls for her dog.
