Average cost of car insurance in Indiana

Despite Indiana having miles upon miles of farmland it is only 14% that live in rural areas. Car owners are most likely to live in cities like Evansville and Indianapolis, which means they will pay more for coverage. In Indiana, the average cost for car insurance is $367 for basic insurance and $1254 for complete insurance.

What is the cost of car insurance in Indiana

There are many factors that can impact your car insurance premium. These include your driving record, age, and location. It is difficult to determine how much Indiana car insurance will cost.

The average car insurance rate in Indiana is lower than the national average of $565 for basic coverage and $1,674 to cover full coverage. If you are a resident of Indiana or plan to move there, your premiums will likely be lower than those in other states. You can save money by getting quotes from the less expensive carriers in Indiana.

Indiana car insurance rates by firm

Look at Indiana auto insurance rates per carrier. You will be surprised at how different annual premiums can differ between companies for the exact same coverage. Pekin has an average annual full coverage rate of $673, while the Hanover’s premiums for full coverage are $4,355.

Indiana car insurance rates by location

Car insurance is more expensive for residents of large metropolitan areas. Below is a table that shows Indiana’s 20 largest cities ranked by their population. It also shows how Indiana’s auto insurance rates differ by city.

Indiana car insurance rates based on age

Young drivers, especially those under 25, will pay more for car coverage than older drivers. The rates shown show that drivers younger than 25 years old pay the highest rates. However, it is important to keep your driving record clean so that you can get lower premiums over time.

Indiana car insurance rates for driving record

To keep your premiums low, it is important to practice safe driving habits. Avoid accidents and moving violations, including DUIs. One speeding ticket in Indiana can increase your car insurance premiums by 18%. A DUI will likely increase your rates by approximately 50 percent. This is especially significant if you have a tight budget.

How to Save on Indiana Car Insurance

There are several ways to reduce your premiums if you’re worried about not being able to afford Indiana car insurance.

  • Drivers with tickets or past accidents: Check to see if your insurance company allows you to attend a traffic school or defensive driving class to erase the points. Many can be done online in just a few hours. If approved by your insurance company it could reduce your premiums for up to three years.
  • Young drivers: To save money, young drivers might consider adding their vehicle on to a parent’s policy. The premium difference between a 16-year old on a parental policy and an 18-year old on an individual policy can be substantial, as you can see.
  • Drivers in Gary and Hammond: If you have higher premiums because of your location, your insurance company may offer discounts to offset the higher rates. You may be eligible for discounts for parking your vehicle in a garage, or low-mileage discounts if working from home.
  • Compare rates to find the best car insurance company. Compare quotes from several local carriers. If you are able to save substantial money on your car insurance, you might switch carriers.

Questions frequently asked

What is the monthly cost of car insurance in Indiana?

Your monthly car insurance bill could be $30 to $105 depending on Indiana’s average car insurance cost. You should shop around to find out what rates you will be charged by different carriers.

Which is the best car insurance policy in Indiana?

Bankrate discovered that USAA, Auto-Owners, and State Farm are the most affordable car insurance providers in Indiana. To get the best rates, you will likely still need to compare quotes from several carriers.

What are the best times to get full coverage car insurance

Your financial situation is the easiest way to decide whether full coverage car insurance is right for you. A judgment against you could result in you losing your home and other assets to pay for a lawsuit. This could be avoided if you have full coverage. If you are leasing your car or taking out a loan, you will likely need to have full coverage.