On average, drivers in Indianapolis pay $411 annually for minimum coverage and $1398 for full coverage. This is higher than the average cost for car insurance across the state. This is because Indianapolis has the highest number of accidents in Indiana every year. In 2018, there were 36.932 collisions.
We consider many factors when determining the best carriers that offer the lowest rates. We considered customer satisfaction scores, average cost of minimum coverage, average cost of maximum coverage, discounts available, and coverage options. These are the best affordable car insurance companies to insure your Indianapolis vehicle.
Indianapolis’s best car insurance companies
We considered many factors when determining the best Indianapolis car insurance. J.D. These included J.D.
These five companies represent the best Indianapolis car insurance.
Geico
Geico offers more discounts than other companies. Geico may offer savings opportunities such as bundling homeowners insurance with car insurance, allowing you to avoid claims, or installing an anti-theft device. Geico’s mobile application is a must-have for Indianapolis drivers. It can be used to request roadside help, to pay your bill, to file a claim, and to make any changes to your policy.
State Farm
State Farm is an insurance company you can trust no matter where your residence is, and this is especially true for Naptown residents. State Farm offers many discounts that you might be eligible to use on your Indianapolis car insurance. State Farm’s Drive Safe & Save discount is one of their most interesting offers. State Farm analyzes your driving habits using data from your smartphone. You could be eligible for a discount if you’re a safe driver.
All over the country
Nationwide offers lower premiums than other carriers and customers have many ways to save more. SmartRide, which offers rewards for safe driving, is similar in concept to State Farm’s Drive Safe & Save program. Based on the feedback it receives via your smartphone, you could save money on your premium. Signing up saves you 10%, but Nationwide could save as much as 40% if it likes what you see.
Erie
Erie offers discounts to Indianapolis drivers. But, our favorite feature about Erie is the rate lock savings. Your premium will not change if you move, add or remove drivers or vehicles. You can even keep it the same if you file a claim.
Allstate
Allstate offers many ways for drivers to save money through simple-to-achieve discount programs. It is also able to provide insurance that meets the needs of its customers, ensuring they are treated with respect. Allstate offers two unique ways for drivers to save money month-to-month: Milewise for low mileage drivers and Drivewise. Both apps use mobile technology to track your driving habits and calculate how many miles you’ve driven to save you money on your premium. Allstate offers discounts for responsible drivers, making it one of the most affordable car insurance Indianapolis has to offer.
Indianapolis has the lowest car insurance
Our best and cheapest car insurance lists share many similarities. This is good news for Indianapolis, as you want your best to be your cheapest.
These five companies are the most affordable providers in Indianapolis based on our 2021 rate research:
State Farm and Geico offer the best discounts. Nationwide offers a usage-based discount that is based on driving habits. Auto-Owners provides great coverage. It is called SmartRide and uses a smartphone app that monitors your driving habits. USAA offers military members low average rates. These companies might be worth looking into if you’re searching for the best Indianapolis car insurance rates.
Indianapolis insurance requirements
In Indianapolis, car insurance requires you to have a minimum amount of auto insurance. This includes 25/50/25 coverage. To be considered properly insured in Indiana, your policy must include:
- $25,000 per person to cover bodily injury/death
- $50,000 for bodily injury/death
- $25,000 per accident to cover property damage
All drivers should purchase more than the basic coverage. If you are found at fault in an accident, you will need to pay for any excess beyond your coverage limits (25/50/25). This is easy to do with just property damage. New cars can cost upwards of $40k.
When deciding on the type of coverage that you require, it is important to consider other drivers. Indiana, for example, is the 8th most uninsured state in . According to the latest Insurance Information Institute study, approximately 16.7% drivers are uninsured. Although you could seek to recover in court, there is no guarantee that you will get the money you need even if you win.
Your lender or dealer will almost always require that you have complete coverage if you lease a vehicle.
Do not compare the cost of minimum policies when shopping around. Compare the cost of full coverage and how much liability protection is available. Also, compare the discounts that are available and how much you could save.
Indianapolis: Car insurance discounts
Indianapolis residents have many discounts that can help lower their auto insurance premium. These are the discounts that will likely save you most money every month.
- Multi-car: Nearly every insurance company offers a discount for anyone who insures more vehicles through them.
- Anti-theft It is worth considering the costs and the additional cost of installing a security system. Typically, you will get a discount of 5-15 percent through most providers.
- Bundle Rent an apartment, or buy your home? Your premium can be cut up to 25% by getting your homeowners or renters insurance through your auto insurance company.
- You can pay the entire premium for six consecutive months in one payment and get a discount.
Questions frequently asked
Which is the best auto insurance company?
There are many things to think about when ranking Insurance Companies. High rankings in financial strength and customer satisfaction are the hallmarks of the best insurance companies. They also offer a wide range of coverage options to meet your specific needs.
Which insurance company offers the lowest car insurance in Indianapolis
There are many companies that offer Indianapolis car insurance at an affordable price. However, the rate factors will determine which company is best for you. These can include your age, gender, and where you live.