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To get the best Indiana car insurance, you need to spend some time doing comparison shopping. In this state, auto insurance companies may vary greatly in terms of pricing, value, claims processing, and customer satisfaction. Check out this detailed guide to buying the best Indiana car insurance:
Is Auto Insurance Mandatory in Indiana?
In Indiana, every driver is required to obtain an auto insurance policy with at least the following liability coverage limits:
- $25,000 for individual bodily injury
- $50,000 for bodily injury per accident
- $25,000 for property damage per accident
What Is the Average Car Insurance Cost in Indiana?
Compared to the national average, Indiana drivers pay $21 less per month for auto insurance. The average premium for a six-month policy in this state is $567.
What Are the Average Auto Insurance Rates in Indiana by City?
Take a look at how average auto insurance costs vary from one Indiana city to another:
- Gary: $1592 per year
- Hammond: $1472 per year
- Indianapolis: $1284 per year
- Jeffersonville: $1245 per year
- New Albany: $1229 per year
- Terre Haute: $1215 per year
- Evansville: $1212 per year
- Bloomington: $1176 per year
- Greenwood: $1147 per year
- Anderson: $1142 per year
- Fort Wayne: $1140 per year
- Fishers: $1139 per year
- Kokomo: $1126 per year
- South Bend: $1124 per year
- Columbus: $1117 per year
- Noblesville: $1108 per year
- Carmel: $1103 per year
- Mishawaka: $1087 per year
- Muncie: $1076 per year
- Elkhart: $1074 per year
- Richmond: $1069 per year
- Lafayette: $1060 per year
What Are Some Factors That Can Affect Your Auto Insurance Premium?
According to WalletHub, the following factors may influence how much you’ll pay for car insurance in Indiana:
- Being a loyal customer: In some other places, you may get a lower auto insurance premium by staying loyal to your auto insurance provider. However, such a discount isn’t available in Indiana because insurance companies aren’t allowed to set premiums based on how unlikely a customer will switch carriers.
- Being a good driver: Drivers who have a clean driving record and no claims history generally enjoy more affordable car insurance premiums.
- Bundling your policies: Buying a multi-vehicle policy or different types of policies, such as auto and home, from the same insurance company usually entitles you to a discount.
- Taking a driving course: If you refresh your driving skills by taking an approved defensive driving course, you’ll likely get a lower rate from your auto insurance provider.
- Continuously maintaining coverage: Typically, drivers who manage to stay continuously insured for at least six months pay less for car insurance.
- Choosing the right payment method: You can also reduce your auto insurance cost by paying for your policy in full, setting up automatic payments, making payments online, or going paperless.
- Getting a good student discount: Young drivers who are able to maintain at least a “B” grade point average in school are eligible for a discount.
- Owning a vehicle with safety features: You may qualify for a car insurance discount if your vehicle has safety features such as airbags, daytime running lights, and anti-lock brakes.
- Installing an anti-theft system: Using an anti-theft feature such as a car alarm, a steering wheel lock, or LoJack can help you get a better rate for comprehensive coverage.
What Are Some Examples of Auto Insurance Providers in Indiana?
Below is a list of popular auto insurance providers in Indiana and their average premiums:
- Travelers: $608 per year
- Pekin Insurance: $815 per year
- USAA: $867 per year
- Erie: $935 per year
- State Farm: $1079 per year
- Indiana Farmers Mutual: $1249 per year
- Progressive: $1571 per year
- Allied: $1588 per year
- Sentry: $1952 per year
- Hanover: $4802 per year
What Are the Claims Satisfaction Ratings of Auto Insurance Companies in Indiana?
According to the Zebra, J.D. Power and AM Best assigned the following claims satisfaction and financial strength ratings respectively to the major auto insurance providers in Indiana:
- Allstate: “3 out of 5” for claims satisfaction and “superior” for financial strength
- American Family: “4” for claims satisfaction and “excellent” for financial strength
- Cal Casualty: Not rated for claims satisfaction and “excellent” for financial strength
- Celina Insurance: Not rated for claims satisfaction and “excellent” for financial strength
- Cincinnati Insurance: Not rated for claims satisfaction and “superior” for financial strength
- Erie: “5” for claims satisfaction and “superior” for financial strength
- Farmers: “3” for claims satisfaction and “excellent” for financial strength
- First Chicago Maverick: Not rated for claims satisfaction and “marginal” for financial strength
- GEICO: “3” for claims satisfaction and “superior” for financial strength
- Liberty Mutual: “3” for claims satisfaction and “excellent” for financial strength
- MetLife: “3” for claims satisfaction and “superior” for financial strength
- Progressive: “3” for claims satisfaction and “superior” for financial strength
- State Farm: “3” for claims satisfaction and “superior” for financial strength
- Travelers: “3” for claims satisfaction and “superior” for financial strength
- USAA: “5” for claims satisfaction and “superior” for financial strength
What Are the Recommended Car Insurance Companies in Indiana?
If you’re looking for the most affordable auto insurance, you should consider Erie. According to Coverage.com, Indiana drivers who choose this insurance company pay an average annual rate of only $880 for a full-coverage policy, making it the cheapest option. This insurer also offers an extensive selection of coverages, including unique ones such as locksmith services, glass repair deductible waivers, and even pet insurance.
Auto-Owners charges an average of $1,067 per year for a full-coverage auto insurance policy, which is relatively affordable. It provides additional savings through a wide range of discounts, including multi-vehicle, bundling, full-payment, and good student.
If you’re confident in your driving skills, it’s recommended that you buy from State Farm. This insurance company has two programs that offer discounts to safe drivers, including “Steer Clear” for young drivers and “Drive Safe & Save” for adult drivers.
Factors such as your age, driving record, credit score, and location can have a considerable impact on your car insurance premium. Make sure you take your individual circumstances into consideration when you’re shopping for auto insurance in Indiana.
Check this out if you need additional information, resources, or guidance on car insurance.
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