Note from the editor: Perhaps you are looking for car insurance for your first time, or you want to shop for insurance to lower your monthly premium. This article is a good starting point to your research on car insurance. There are many factors that affect the cost of car insurance. While you might not […]
Note from the editor: Perhaps you are looking for car insurance for your first time, or you want to shop for insurance to lower your monthly premium. This article is a good starting point to your research on car insurance. There are many factors that affect the cost of car insurance. While you might not be able to see exact premiums, they will give you an idea about the best rates available in your area.
You need to have car insurance if you drive in Indiana.
We compared insurance rates from different companies and considered the driver profile to determine the average cost. Also, we compared the estimated minimum coverage costs with the lowest estimates.
Except where otherwise noted, and to keep our calculations consistent, we used a standard driver profile. For example, our driver profile does not have any accidents, tickets, or claims. (See our full methodology)
Rates may differ if you are not a driver with this type of vehicle. Car insurance rates are affected by many factors, including your age, vehicle type and mileage, as well as coverage options. We also calculated the lowest basic rates for different driver profiles to determine the best rates. Continue reading to find out about Indiana’s average car-insurance rates as well as our findings regarding the most affordable options.
Car insurance costs in Indiana
The average monthly premium for basic car insurance in Indiana is $37 to $80 depending on the type of coverage chosen and the driver profile.
Monthly average auto insurance premiums for Indiana
Driver and coverage |
Avg. Monthly cost |
|---|---|
| Indiana’s minimum state-required car insurance | $37.88 |
| Indiana drivers with bad credit | $60.24 |
| Multiple claims drivers in Indiana | $81.76 |
| Young drivers in Indiana | $63.07 |
Based upon our standard driver profile, minimum coverage, and unless otherwise noted
Indiana’s cheapest car insurance companies
To assess all insurers equally and to get an accurate picture of the costs for average drivers, we have calculated rates using a specific Indiana driver profile.
Our driver is between 36-45 years old and has a credit score of 680-719. There are no tickets, coverage gaps, and a car worth between $20,000 and $30,000.
1. Hastings Mutual Insurance
Hastings Mutual Insurance could offer basic coverage for Indiana drivers as low as $18.25 per monthly. Hastings Mutual Insurance is based in Michigan and offers personal, farm, and business insurance. Hastings provides a wide range of coverage options and discounts, including rideshare coverage, identity theft protection, and multipolicy savings.
2. Westfield
Westfield auto insurance provides minimum coverage starting at $23.38 per month. This insurance is offered by independent agents and covers cars and trucks as well as SUVs, motorbikes, RVs, boats, and motorcycles. In addition to the standard coverage options, Westfield offers gap coverage and uninsured/underinsured motorist coverage.
3. Auto-Owners insurance
Auto-Owners Insurance sells insurance through independent agent and could offer Indiana drivers a rate of $24.21 per monthly for basic coverage. In addition to standard options, Auto-Owners offers road service, a purchase guarantee and rental car coverage.
Check out our complete review of Auto-Owners Insurance.
4. Geico
Geico could offer Indiana drivers a minimum policy starting at $24.22 per monthly. The policy offers many additional coverage options and discounts. It also includes a mobile app that allows drivers to manage their policies and request service like roadside assistance or repair quotes.
Check out our complete review of Geico.
5. Buckeye Insurance Group
Buckeye Insurance sells coverage through independent agents. They could offer our Indiana driver profile an affordable basic policy for $26.83 per monthly. Buckeye allows drivers to customize their policy using a variety of standard options. Customers can claim online, through a mobile app, or at their local agent.
Indiana’s lowest-cost state-minimum auto insurance
Drivers in Indiana must have at least 25/50/25 liability coverage. Hastings Mutual may offer Indiana drivers minimum car insurance coverages starting at $18.25 per mo.
These companies offer the lowest rates for drivers who are interested in coverage beyond state-minimum.
5 lowest car insurance companies in Indiana to provide state-minimum coverage
1 |
Hastings Mutual Insurance | $18.25 |
2 |
Westfield | $23.38 |
3 |
Auto-Owners Insurance | $24.21 |
4 |
Geico | $24.22 |
5 |
Buckeye Insurance Group | $26.83 |
Based upon our standard driver profile, seeking minimum coverage for Indiana
Best car insurance for people with good credit in Indiana
Insurers use credit as one factor to determine your car insurance rates. Your insurance premium will be lower if your credit score is good.
These companies offer the best basic coverage for drivers with good credit at the lowest rates.
5 best car insurance companies in Indiana for people with good credit
1 |
Hastings Mutual Insurance | $15.81 |
2 |
Westfield | $18.99 |
3 |
Auto-Owners Insurance | $19.03 |
4 |
Geico | $21.88 |
5 |
Pekin Insurance | $22.47 |
Based upon our standard driver profile, adjusted for display rates for Indiana drivers with a credit score greater than 720
Lowest car insurance in Indiana for people with poor credit
If you have poor credit, your car insurance may cost you more. Don’t panic if this is you. When it comes to auto insurance, your credit score is only one piece of the equation.
These five companies might offer basic coverage at the lowest rates for drivers with bad credit in Indiana.
5 Best Car Insurance Companies in Indiana For People with Poor Credit
1 |
Geico | $31.13 |
2 |
Hastings Mutual Insurance | $31.58 |
3 |
Westfield | $41.52 |
4 |
Encompass | $41.63 |
5 |
Safe Auto | $42.83 |
Based upon our standard driver profile, adjusted for Indiana drivers with a lower credit score than 580
Cheapest car Insurance for Drivers with Multiple Claims in Indiana
In determining your monthly premium, you will also need to consider your claims history. If you have multiple claims or accidents on your record, your car insurance could cost more.
These are the Indiana’s five most affordable car insurance companies with multiple claims.
5 Best Car Insurance Companies in Indiana Multiple Claims
1 |
Hastings Mutual Insurance | $32 |
2 |
Buckeye Insurance Group | $34.83 |
3 |
United Farm Bureau of IN Group | $40.67 |
4 |
General Casualty | $45.33 |
5 |
Pekin Insurance | $48.17 |
Based upon our standard driver profile, adjusted for display rates for Indiana drivers with two claims and not zero
Cheapest insurance for young drivers in Indiana
Your age could also impact the cost of your car insurance. Younger drivers are often considered more risky to insure, so they may have to pay higher premiums.
These insurers offer the lowest rates for minimum coverage for young drivers aged 18-21.
5 best car insurance companies for young drivers in Indiana
1 |
Geico | $33.33 |
2 |
Westfield | $33.46 |
3 |
Auto-Owners Insurance | $33.88 |
4 |
General Casualty | $36.33 |
5 |
Pekin Insurance | $41.67 |
Based upon our standard driver profile. Adjusted to display rates for Indiana drivers aged 18-21 instead of 36-45
Indiana auto insurance requirements
Indiana has set the following minimum state-minimum vehicle insurance limits: $25,000 per individual, $50,000 per accident for bodily injuries and $25,000 for property damages.
Indiana also requires that the driver submits a minimum $25,000 per person, $50,000 per accident for uninsured motorcyclist bodily injury, $25,000 uninsured motorcyclist property damage, and $50,000 for injury or underinsured motorists.
Is there usage-based insurance in Indiana ?
Vehicle insurance that is usage-based allows customers to pay premiums according to their driving habits. Insurance companies in Indiana may offer usage-based insurance (sometimes called telematics) to help drivers cut down on premiums.
FAQs regarding the lowest car insurance rates for Indiana
Is Indiana illegal to drive without insurance
In Indiana, it is illegal to drive without a liability insurance policy that meets minimum coverage requirements.
Is Indiana a no-fault state?
Indiana is not considered a state of no-fault. This means that the insurance company for the driver who was at fault for the accident will pay all damages. Indiana requires drivers to carry uninsured/underinsured motorist coverage unless they reject it in writing.
Who has the cheapest car insuring?
Hastings Mutual was the most affordable car insurance we found for our Indiana driver profile. It cost us $18 per month. Geico might also be a good option, especially for young drivers or drivers with bad credit.
Methodology
Based on the profile for a driver between 36 and 45 years old living in Indiana, the estimated rates shown here are the lowest. The rates shown assume that there is only one driver on the policy, with no driving tickets and no claims. This estimate assumes that the vehicle is worth between $20,000 to $30,000 with an annual mileage of 12,000-15,000 and is insured by a single driver.
Quadrant Information Services provides rates every six months. Quadrant Information Services does not include all insurance companies in the rate data. These rates are estimates and should not be used as a comparison. Rates can vary depending on many factors such as your age, driving habits, and past.
The average monthly premium for full coverage car insurance includes property damage, bodily injury, collision, and comprehensive coverages. The average monthly premium for Indiana-mandated state-minimum auto insurance includes Indiana’s 25/50/25insurance policy.
Scores of 720 and higher are eligible for the estimated rates for insurance for good credit. Rates for insurance for people with poor credit range from 350 to 579. The estimated rates for young drivers are those between 18 and 21 years old. Multiple claims can lead to multiple rates.