To select the best Indiana car insurance companies, we analyzed factors such as overall customer satisfaction, standard and optional coverage, available discounts, premiums, and more. We also looked at J.D. Power ratings, BBB data, and A.M Best financial strength ratings.
We ranked Erie Insurance as the best car insurance company in Indiana due to its high ratings from independent parties and excellent customer support. We also added our top picks evaluated and reviewed below.
The 5 Best Car Insurance Companies in Indiana
|Erie||USAA||Auto-Owners Insurance||GEICO||State Farm|
|Our review||Our review||Our review||Our review||Our review|
|A.M Best Financial Strength Rating||A+||A++||A++||A++||A++|
|J.D. Power 2019 Overall Customer Satisfaction Score(North Central Region)||5/5||5/5||3/5||3/5||4/5|
|Avg. Annual Premium||$499||$374||$707||$488||$551|
|Compare rates||Compare rates||Compare rates||Compare rates||Compare rates|
Quadrant car insurance rate data as of 07/01/2019
- Highly rated for consumer satisfaction on J.D. Power
- Unique coverage options
- No mobile app
- Can’t file claims online
Erie Insurance tops our list because of its great plans with unique options (such as pet coverage), and a powerful local presence of over 13,000 agents in the Indiana community. It’s also one of the best-rated companies for overall customer satisfaction in the North Central region, according to J.D. Power.
- Combines multiple insurance services under one roof
- No money down to start policy
- Flexible payment schedules
- Only available to former and active military members, veterans, and their families
USAA’s low premiums and flexible choices make it an excellent choice for those eligible for coverage. It also focuses on convenience, bundling multiple services under one roof such as auto, finance and passenger protection insurance, and giving its customers the freedom to manage their coverage on the go with a dedicated mobile app.
- Higher premiums
Auto-Owners Insurance is the most expensive provider on this list, but it makes up for this by offering several unique discounts such as the multi-policy discount to those who have more than one auto policy and add-ons to help save money long term. Its Personal Automobile Plus Package, for instance, includes 10 additional coverages for one price.
- Features low rates and great discounts
- Rated 5/5 stars for policy offerings by J.D. Power
- Mechanical Breakdown Insurance
- Limited network of local agents in Indiana
- No gap insurance offered
GEICO offers no-frills, affordable policies with ample opportunities for further discounts or policy add-ons that cover repairs after manufacturer warranties expire. And if you have teen drivers, GEICO makes it simple to move them to their own policy in the future.
- Offers more than one policy for the family car, with teens in mind
- Safe-driver discounts of up to 30% available
- Mixed consumer reviews
- Missing common add-ons like new car replacement
State Farm has policies for everyone in the family, even teen drivers, and offers a multitude of ways to save as much as 30% on car insurance such as the accident-free discount which rewards drivers who have not had an accident during three years, and even good student discount for those students who maintain their grades.
The Cheapest Car Insurance Companies in Indiana
|Largest Companies by Market Share in Indiana||Average Annual Premium|
|Indiana Farmers Insurance||$739|
|UFB Casualty Insurance||$809|
|Grange Trustgard Insurance||$937|
|Hastings Mutual Insurance||$940|
|Safe Auto Insurance||$1,092|
Car Insurance by Credit Rating
|Credit Rating tier||Average Annual Premium|
|Average Across Credit Rating Tiers||$1,020|
Top 3 Cheapest Car Insurance Companies in Indiana
- USAA – $374
- Pekin Insurance – $404
- GEICO – $488
Top 3 Most Expensive Car Insurance Companies in Indiana
- The Hanover – $1,870
- Allstate – $1,378
- Metropolitan Insurance – $1,367
The cheapest car insurance company in Indiana is USAA, with an average annual premium of $374, while the most expensive one is The Hanover, with an average annual insurance premium of $1,870. We used general profiles to obtain our rates, so be sure to request personalized quotes to determine which carrier offers you the best value.
Guide to Indiana Car Insurance
- In Indiana, the person responsible for the accident must foot the medical bill.
- Insurers can only cancel or refuse to renew policies for specific reasons
- Minimum coverage requirements are 25/50/25, plus underinsured motorist bodily injury coverage of $50,000
- Indiana Auto Insurance Plan available for people who are denied coverage
Indiana Minimum Liability
- Bodily injury: $25,000 per person and $50,000 per accident
- Property damage: $25,000 per accident
- Uninsured motorist injury: $50,000 per accident
While these are the minimums, consider purchasing the most comprehensive coverage fitting within your budget. You’ll have to pay out of pocket for anything exceeding your policy limits.
How We Found the Average Premium for Indiana Car Insurance Companies
We worked with Quadrant Information Services to provide data on auto insurance rates by company and credit score. Quadrant makes this information available using rate data that insurers are required to file with the state Department of Insurance. Rates are based on sample profiles created by Reviews.com for comparative purposes.
Indiana Car Insurance Companies FAQ
In Indiana, residents pay an average of $755 per year. This is quite a bit below the national average of $1,009, but no guarantee of your individual price. While there are state-specific factors that affect your cost, your premium will vary pretty significantly depending on personal factors (details of your car, accident history, credit score, etc.).
Yes. Indiana requires its residents to have an auto insurance policy. We’ve detailed the specific liability requirements in our guide above, but the state basically follows the 25/50/25 baseline. Driving without insurance can lead to a suspension of your license and financial penalties.
No. Indiana is considered a “fault” state, which means that the driver who is at fault in an accident is responsible for all repercussions. That can mean property damage, medical bills, or lost wages. In some cases “comparative fault” can come into play, where the court decides who was more at fault in an accident. Sometimes, that decision can be a “non-party” at fault, meaning a third party that isn’t directly involved in the case, but has been determined to be at fault.