Can cheap car insurance be found in the Crossroads of America? You betcha.
Perhaps no other state takes driving more seriously than the state of Indiana. The Indianapolis Motor Speedway is home to the famous Indy 500 and the United States’ first long-distance auto race in 1911. Carmel City boasts more roundabouts—124 and counting as of April this year—than any other city in the country. Up north, you’ll find the R.V./Motorhome Hall of Fame, a museum and event space dedicated to homes on wheels.
And if that doesn’t entice you, then how about Holiday World—a holiday-themed theme park located in Santa Claus, Indiana? Like the rest of the state, it comes with stick-to-your-ribs comfort foods, fried whenever possible.
No matter where you’re from or who you are, finding the cheapest car insurance rates is easy and fast with Insurify. Compare up to 10+ quotes in minutes.
Cheapest Car Insurance Quotes in Indiana
Here are the cheapest insurance companies in Indiana for the following user profile: a single, 30-year-old male with a clean driving record who drives a 2012 Honda Accord and pays a $1,000 deductible for the state’s minimum liability insurance. We averaged rates for the twenty most populous cities in Indiana.
Best Car Insurance Quotes in Indiana
We calculate the Insurify Composite Score by analyzing multiple factors that indicate the quality, reliability, and health of an insurance company. Inputs to the score include financial strength ratings from A.M. Best, Standard & Poor’s, Moody’s, and Fitch; J.D. Power ratings; Consumer Reports customer satisfaction surveys; mobile app reviews; and user-generated company reviews. The following are the top-rated companies that offer car insurance in Indiana. For the complete list, see Insurify’s best car insurance companies.
|Insurance Company||Composite Score||Quotes|
Most Popular Car Insurance Companies in Indiana
What makes a company popular? The number of policies it issues within any given state. We looked at research gathered by the Insurance Information Institute (III), a well-respected hub of statistical information in the insurance sector, to assess which companies were writing the most policies to drivers in Indiana.
According to the Insurance Information Institute (III), these are the most popular car insurance companies in Indiana by market share:
Cheapest Car Insurance Quotes in Indiana by City
Hoosier’s insurance costs vary from place to place due to several factors. Population density, road conditions, theft and vandalism rates, even weather patterns can raise or lower risk and cost.
We ran the numbers for the least expensive car insurance in Indiana’s most populated cities.
Cheapest Car Insurance Quotes in Indiana by Profile
Here are the cheapest insurance companies in Indiana based on averaged sample rates for four driver profiles that included varied gender, age, driving history, credit, marital status, prior insurance, higher education, employment, and military service.
Cheap Car Insurance for Young Indiana Drivers
Younger drivers shopping for car insurance can expect to pay higher prices than drivers with more experience. This inflation is due to the higher risks associated with new drivers. A great way for new drivers to save is by taking a defensive driving course or signing up for a telematics program.
Cheap Car Insurance for Indiana Drivers with a DUI
A DUI charge will have lasting effects for Indiana drivers:
- $500 fine, $5,000 if the driver’s BAC is at or above 0.15 percent
- 30 to 60 days in jail, up to one year if the driver’s BAC is at or above 0.15 percent
- Driver’s license suspension of 90 days to two years
- File SR-22 for three years
- Increased cost of carrying car insurance
If you can’t find affordable insurance after a DUI, you may need to consider a more radical change. If you have a multi-car, multi-driver policy, remove yourself from all but the least expensive car to insure—and only drive that car.
Another option is to drop comprehensive or collision and only carry liability coverage on your vehicle. If your vehicle is financed, and you can’t, consider trading in your car for an older model.
|Indiana Farmers Mutual||$32/month|
Cheap Car Insurance for Indiana Drivers with Speeding Tickets
Drivers with one or two speeding tickets over the course of a few years will typically see a modest increase in premium costs. However, drivers caught excessively speeding or those who become repeat offenders will see higher increases and may face other issues.
The best advice for drivers with speeding tickets is to slow down and keep a clean driving record.
Cheap Car Insurance for Indiana Drivers with an At-Fault Accident
An at-fault accident can have a lasting effect on your insurance premiums. Be sure to review your options often. While one insurance company may ask for accidents in the last seven years, another may only look as far back as three years. If you’re having trouble finding an affordable price, be sure to look into discount programs.
Indiana State Insurance Laws
State insurance laws are like snowflakes: no two are alike. Understanding state law and local law is very important because some laws, like the Modified Comparative Fault law (see below), can impact your buying decision.
State Minimum Car Insurance Coverage in Indiana
Indiana drivers must purchase car insurance and must carry proof of financial responsibility in their vehicles. Unlike many states, Indiana requires uninsured motorist protection in addition to property damage liability and bodily injury liability coverage.
Motorists are required to purchase auto insurance coverage meeting these minimums:
- $25,000 for bodily injury or death of one person
- $50,000 for bodily injury or death of two or more persons
- $25,000 for property damage liability
- $50,000 Uninsured Motorist Coverage
Indiana Auto Insurance FAQs
How do I get the cheapest car insurance rates in Indiana?
The best way to get the cheapest rate on car insurance is by comparison shopping before you buy and before you renew. Comparison shopping means gathering the price and features of each insurance policy and company—a task that used to take hours (even days) but is now reduced to minutes by using a comparison website like Insurify. Once you’ve purchased your policy, make a follow-up plan. The market is in constant flux, so chances are the cheapest policy now won’t be the cheapest policy in the future. You can often switch insurance companies at any point during your policy without incurring any extra charges. At the very least, make time to review your quotes at the end of every policy before you renew.
Are there options for low-income car insurance in Indiana?
While there is no government program to assist low-income drivers directly with insurance costs, there are other ways to keep costs low. This includes: - Purchasing/operating a vehicle that is inexpensive to insure: older vehicles, for example. - Dropping collision and comprehensive coverage. - Participating in discount programs. - Completing an insurance-provider-approved defensive driving course. - Speak directly with your insurance agent or insurance provider about your situation. You may be able to set up an agreement for lower coverage, such as adhering to low mileage requirements. -Add another (responsible) driver to your policy and split the cost.
What is a Habitual Traffic Violator (HTV)?
Drivers who don’t want to play by the rules should watch out in Indiana. The BMV looks at records over a 10-year period and will suspend driver’s licenses for people who meet the following requirements: Two major offenses in a 10-year period resulting in injury or death. Three major offenses in a 10-year period. Nine traffic violations plus one major offense. Major offenses include: Reckless driving Driving under the influence Drag racing or engaging in a “speed contest” Leaving the scene of an accident (hit-and-run)
How do I buy insurance for collector’s cars in Indiana?
Because the use of a collector vehicle is vastly different than an everyday car, the cost of insurance is also different. We recommend that collectors use an insurance company that specializes in antique or classic cars. This is especially true if the vehicle has had any special modifications.
Does the Indiana BMV verify insurance coverage requirements?
Yes, but not through an insurance verification system, as is practiced in several other states. Instead, the Indiana BMV will request incident-based insurance verification from drivers. Incidents that trigger insurance verification include:
- A serious traffic violation, including one involving a misdemeanor or felony.
- A “pointable” moving violation within one year of receiving two other pointable moving violations. Please note, this doesn’t refer to the number of points put on your license, but rather the number of violations that warrant license points.
- A car accident that requires an accident report to be sent to the BMV.
- A pointable violation received by a driver who previously failed to provide proof of insurance.
What are the penalties for driving without insurance in Indiana?
While driving without minimum coverage may seem like a way to save money, it comes with expensive consequences when drivers are caught. First offenders pay a $250 reinstatement fee and suffer a 90-day license suspension. Second and third (plus) offenders pay more: $500 and $1,000 reinstatement fees, respectively.
First- and second-time offenders will be required to file an SR-22 (proof of insurance) for three years. Third (or more) time offenders file an SR-22 for five years.
Is Indiana a No-Fault State?
Indiana is not a no-fault state; it is a Modified Comparative Fault state. This fairly common rule—21 states in total have this rule—means that a driver with 51 percent or more of the fault in the accident cannot sue for damages. Additionally, the party with less than 51 percent of fault can sue for damages, but the cost of reimbursement is reduced by the degree of fault.
For example, Driver A and Driver B get into a fender bender where Driver A is 75 percent responsible for the accident. Driver B sues for recovery of damages totaling $1,000. Driver A is only responsible for 75 percent of those damages, so only pays $750.
Do I Need Uninsured Motorist Protection in Indiana?
Yes, $50,000 of coverage is required for all drivers in Indiana. However, consider your circumstances carefully. What is the value of your vehicle? How many people are in your vehicle at one time? Your answer will affect your coverage limits.
Let’s imagine the cost of a car accident. First, bodily injury means medical bills including rehabilitation or physical therapy. A simple case of whiplash can cost thousands. Add to that the cost of damage to the vehicle itself, and you can see how fast the cap on uninsured protection is reached.
For many families, carrying limits of $100k or even $300k could be more appropriate. They should also consider adding underinsured motorist protection to their policies.
What does “No Pay, No Play” Mean in Indiana?
As of 2015, Indiana joined ranks with 10 other states by passing “No Pay, No Play” legislation. The theory behind a law like this is that drivers who do not comply with insurance requirements should not be able to benefit from another driver’s compliance while the non-compliant driver denies that benefit to others.
Enacted, this rule means that uninsured drivers cannot sue for “non-economic damages.” This includes:
- Mental anguish
- Physical impairment
- Emotional and physical pain, suffering, or distress
- Loss of enjoyment
Uninsured drivers will still be able to recover economic damages, including:
- Property damage
- Medical payments
- Rehabilitation bills
- Lost wages
- Lost earning potential
Indiana BMV Information
You’ll need to go to the Bureau of Motor Vehicles in Indiana, but not as often as you might in other states. Every driver has the opportunity to create an online account where they can renew the registration, view their driving records, schedule appointments, and more.
Indiana is serious about BMV access. It has even installed several 24-hour self-service terminals known as BMV Connect. You can pay fees, renew IDs, even register a new vehicle at the kiosk. It’s pretty incredible.
Transferring your license to Indiana is easy to do, and you’ll have 60 days to do so once you move. Just be sure to look up the hours for your local BMV as it does not have uniform hours. If you’ve recently moved to the Hoosier State, you can print out the easy-to-follow New Indiana Resident Packet and follow the checklists.
Emissions inspections are required in Lake and Porter country—the part of Indiana where residents are part of the Chicago metro area known as Chicagoland. Testing done at state-run sites does not require a fee. Drivers who choose to go to an independent site for testing may pay a convenience fee.
Conclusion: The easiest way to save on car insurance in Indiana
Hoosiers got it going on.
While Indiana may be unfairly labeled as a flyover state, its residents know better. They can sun on perfect Lake Michigan beaches or explore the gorgeous trails of Hoosier State Forest on horseback, all while paying less than the national average for car insurance, to boot.
If you’re an Indiana resident or thinking of moving to Indiana, be sure to compare auto insurance rates with Insurify today. Compare quotes, unlock discounts, and find the best policy for you (yes, you!).
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