Indiana Average Cost of Car Insurance Rates (2023)

How Much Does Car Insurance Cost In Indiana?

On average, car insurance rates for drivers in Indiana are $162 per month, and $1948 per year. The average rates make Indiana the 41st most expensive state in the country for car insurance rates and -37% less expensive than the national average.

Keep in mind that average auto insurance costs are determined by factors other than location. Based on your driving history, credit score, age and marital status you should be able to find insurance quotes and discounts so that your monthly payment is less than the averages cited here.

Insurify's comparison tool will help you make sure you're getting the best possible quote based on your needs and location. You can have peace of mind you're not paying any more than the average price in your state, and customers save $48 per month on average.

Best Indiana Auto Insurance Rates

Insurify analyzed car insurance rates in the twenty most populous cities in Indiana and has selected the following providers and quotes as the best rates for drivers in Indiana.

Indiana Car Insurance Rates by City

For drivers in Indiana, it's important that you evaluate all of your potential insurance options to ensure you are finding the best rate. Based on internal Insurify data, here are the average cost of car insurance rates for drivers in the top 10 cities in Indiana.

What Is the Average Cost of Car Insurance in Indiana by Age?

Working high schoolers should have more than enough spending money even after paying for a relatively reasonable $291 a month for car insurance, an amount less than what even the most experienced drivers pay on average in some other states. And prices decrease with age; twentysomethings see a $100 drop for their driving experience.

People in their 30s, 40s, and 50s will see their monthly rates fall at least $25 below the state average. The retirement age crowd gets the lowest numbers, which should give them plenty to splurge on their grandchildren. The prices pop up a little as driver age rises, but it's still far below what the youngest drivers pay.

What Is the Average Cost of Car Insurance in Indiana by Gender?

Men pay five percent more than women in the Hoosier State. That averages out to $12 more per month.

Does Marital Status Influence the Average Cost of Car Insurance in Indiana?

Married couples in Indiana pay $17 less on average than their single counterparts. That might not sound like much, but it turns into over $200 a year.

Financial experts often say that marriage leads to greater stability and higher average net worth. The difference in average car insurance costs between married and single Hoosiers is just one example.

Minimum Car Insurance Requirements in Indiana

All motor vehicles operated or parked on Indiana roadways are required to be insured. Proof of insurance must be carried in your car at all times and must be available when:

• Requested by law enforcement

• Renewing vehicle registration

• The vehicle is involved in a car accident

The minimum liability insurance requirements for private passenger vehicles in Indiana^[1] are:

• $25,000 per person for bodily injury

• $50,000 per accident for bodily injury

As a major part of your liability insurance, bodily injury coverage covers medical bills for people other than the policyholder who are injured during an accident. Indiana is an at-fault state, meaning the driver who is responsible for the collision is also responsible for paying for any resulting expenses, either through their car insurance provider or out of pocket.

• $50,000 per accident for uninsured/underinsured motorist bodily injury

Uninsured and underinsured motorist coverage pays for costs caused by a driver with little or no insurance after a car accident. In Indiana, this coverage will help you recover from an accident as quickly as possible.

How Does Credit History Affect Indiana Car Insurance Rates?

Indiana, like most states, allows insurance companies to rate you based on your credit.

Poor credit drivers pay less on average in Indiana than those with average and good credit. Why? People with poor credit tend to purchase less coverage and finance less expensive vehicles. If you have good credit, pump your score up above 800, and you'll slash your monthly costs by $17.

What Is the Average Cost of Car Insurance in Indiana for High-Risk Drivers?

"Safety first" is not just a mantra that saves lives. It also saves money. Common sense tells us that the safest drivers will pay the least, and safe drivers qualify for "good driver" and "accident-free" discounts. But what if your record is less than perfect?

Drivers with a speeding ticket in Indiana will pay $11 more per month on average—plus fines. Drivers with an at-fault accident on their insurance record should expect to see monthly rates increase by around $31. Accidents happen, but driving safely and keeping a clean record are the best ways to avoid rate hikes. Remember, violations and accidents will stay on your insurance history for years to come. Still, you can still take a defensive driver course to reduce your monthly payment.

Compare Top Auto Insurance Companies

Use Insurify for all of your car insurance comparison needs! Compare and connect directly with the top insurance companies to find the best rates as well as the most personalized discounts and coverage options. Insurify’s network includes over 200 insurance companies throughout the U.S. who can work with you to get you the right auto insurance policy at the cheapest price. See All Auto Insurance Companies