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According to the Insurance Information Institute, Indiana makes the list of the top 10 least expensive states for car insurance in the US. Indiana drivers pay around $744 a year. While car insurance is cheap here, it’s still possible to save if you’re willing to do some comparison shopping.
Car insurance companies consider your location, age, gender, and driving record to calculate rates for premiums. Other factors like credit score, marital status, vehicle type, previous coverage, and miles driven can all play a role in the amount you’ll pay for coverage.
Before committing to a policy or company, you’ll want to shop around and get quotes from four or five companies and compare them.
Minimum car liability insurance requirements in Indiana
In the US, drivers must have liability coverage. If you’re involved in an accident, liability insurance covers damage you cause to the other vehicle, driver, and passengers. If you finance or lease your car, your lender probably requires comprehensive and collision coverage.
The two main components of liability insurance are bodily injury and property damage, which most states require. Liability insurance also includes uninsured motorist and underinsured motorist coverage. This type of coverage protects you when an at-fault driver hits you, and they have no coverage or not enough coverage.
Indiana requires bodily and property coverage, according to the Insurance Information Institute. Indiana minimum liability requirements are 25/50/25 — up to $25,000 of injury protection for each person involved in an accident, up to $50,000 worth of injuries per incident, and up to $25,000 of property damages per incident.
| Types of liability coverage | Definition |
| Bodily injury (BI) | Injury you cause to others, includes medical expenses, lost wages, and funeral expenses |
| Property damage (PD) | Damage you cause to others’ vehicle or property |
| Uninsured motorist (UM) | Protects you when an at-fault driver hits you with no insurance |
| Underinsured motorist (UIM) | Protects you when an at-fault driver hits you with not enough coverage |
Best cheap car insurance in Indiana based on credit score
Consumer Reports obtained insurance pricing formulas from every insurance company in every US state. With each company looking at different factors differently and each state having different laws, there are very different answers to which insurance company is best for every scenario and in each state. Here are the best companies for Indiana drivers according to this data, along with the average annual premium for a single adult driver in each state.
| Excellent credit (FICO 800+) | Good credit (FICO 670-739) | Poor credit (300-579) |
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Best car insurance for Indiana drivers with a clean record
For a driver in Indiana age 25 or older with no accidents and one vehicle, the following companies provide the best average rates:
| Company | Average monthly insurance premium |
| Root | $107 |
| GEICO | $118 |
| Progressive | $119 |
| State Farm | $124 |
| Allstate | $133 |
| Esurance | $135 |
| Safeauto | $136 |
| American Family | $137 |
| Liberty Mututal | $141 |
| Travelers | $144 |
| USAA* | $149 |
| Safeco | $160 |
*USAA is only for active military, veterans, and their families.
Above data obtained from
Best car insurance for Indiana drivers with one or more accidents
For a driver in Indiana age 25 or older, with one or more accidents and one vehicle, the following companies provide the best average rates:
| Company | Average monthly insurance premium |
| GEICO | $135 |
| Progressive | $146 |
| Esurance | $155 |
| Allstate | $177 |
Above data obtained from
Average premiums for seniors and teen drivers in Indiana
The table below shows the average senior and teen drivers can expect to pay in Indiana. Because teen drivers are new drivers with little driving history and more prone to accidents, their rates are high. Most insurance companies offer discounts to teen drivers for good grades or driving safety classes.
Senior drivers typically see an uptick in car insurance premiums as they age, but not as much of an increase as new or teen drivers. If you’re still driving in your 60s and 70s, there are ways to negotiate cheaper auto insurance rates, like pay-per-mile usage.
| Average premium for seniors | Average premium for teens |
|
$941 per year |
$2,136 per year |
Data provided by Goosehead Insurance
Indiana car insurance rates by city
Below is the estimated average annual premium of auto insurance policies per household in Indiana’s most populous cities:
| City | Average annual insurance premium |
| Indianapolis | $1,188 |
| Fort Wayne | $1,183 |
| Evansville | $1,132 |
| South Bend | $1,133 |
| Fishers | $1,458 |
| Carmel | $1,466 |
| Bloomington | $1,107 |
| Hammond | $1,151 |
| Lafayette | $1,179 |
| Gary | $1,041 |
| Muncie | $1,097 |
| Noblesville | $1,361 |
| Terre Haute | $1,114 |
| Greenwood | $1,246 |
| Anderson | $1,117 |
| Elkhart | $1,176 |
| Mishawaka | $1,157 |
| Lawrence | $1,238 |
| Columbus | $1,250 |
| Jeffersonville | $1,186 |
| Kokomo | $1,130 |
| Westfield | $1,421 |
| Portage | $1,223 |
| New Albany | $1,155 |
| Merrillville | $1,208 |
| Richmond | $1,139 |
| Valparaiso | $1,215 |
| Goshen | $1,225 |
| West Lafayette | $1,158 |
| Michigan City | $1,153 |
Data from S&P Global Market Intelligence
Best car insurance in Indiana based on customer satisfaction
Customer satisfaction with car insurance providers may factor into your decision. Customer satisfaction is defined by five factors: billing process and policy information; claims; interaction; policy offerings; and price. According to a 2021 survey by J.D. Power, a consumer research company that surveys customers, these are the top car insurance companies in the North Central region (which includes Indiana):
Most popular car insurance companies in Indiana based on market share
The following are the most popular car insurance companies in Indiana, based on the percentage of insured Indiana drivers who use them:
| Company | Market share (%) |
| State Farm | 20.76 |
| Progressive | 13.13 |
| Allstate | 8.08 |
| Indiana Farm Bureau | 7.27 |
| GEICO | 6.89 |
| Liberty Mutual | 5.04 |
| American Family | 4.58 |
| Erie Insurance | 4.17 |
| Auto-Owners Insurance | 3.03 |
| USAA* | 2.81 |
| Indiana Farmers Mutual | 2.14 |
| Nationwide | 2.00 |
| Farmers Insurance | 1.79 |
| Travelers | 1.58 |
| Safe Auto Insurance | 0.95 |
| Westfield Insurance | 0.87 |
| Grange Insurance | 0.82 |
| Warrior Invictus Holding | 0.73 |
| The Cincinnati Insurance | 0.73 |
| MetLife | 0.71 |
*USAA is only for active military, veterans, and their families.
Data from S&P Global Market Intelligence
Who gets the best cheap car insurance in Indiana?
Drivers who get the best cheap car insurance in Indiana have the best credit score. Those who have the best driving records, several years of driving experience, and who have a more affordable car to insure will generally pay the least in insurance premiums each year.
Another way to save is to shop around. Every insurance company prices policies differently, and no two policies are the same. Prices vary greatly depending on whether you get liability, comprehensive, or collision coverage.
Consider the amount of coverage and the types of coverage listed on your quote. Remember, you’re looking for the most coverage for your money. Don’t forget to look at the deductible or the amount you’ll pay out of pocket if you get into an accident.
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