When you think of driving in Indiana, the racers at the Indianapolis 500 might come to mind. But let's be clear: the vast majority of drivers in Indiana aren't racing around at 200 miles per hour. And if you're an average driver in Indiana, you're probably wondering if your credit score will affect your car insurance rates.
Indiana is one of many states that take credit score into account when determining your rate. Credit history isn't the only factor that comes into play. But if a car insurance company worries about your ability to pay bills on time, they may saddle you with higher car insurance premiums.
Insurify's comparison tool will help you make sure you're getting the best possible quote even with a bad credit rating. You can have peace of mind you're not paying any more than need to, and customers save $48 per month on average.
It's just reality: millions of Americans have poor credit. And if you're a driver in Indiana with a low credit score, you'll pay a little over 5 percent more for car insurance than drivers with good credit.
Fortunately, car insurance rates on average are pretty cheap in Indiana. So while no one wants to pay another $8 for car insurance each month, Indiana drivers with low credit will be relieved to know that their car insurance rates are still among the lowest in the nation.
In Indiana, car insurance companies are allowed to look at your credit history before determining your car insurance rate. So it's very likely you'll deal with a credit check as you shop for car insurance in Indiana.
So what should you do if you're an Indiana driver with bad credit? Well, you might be able to find a smaller regional car insurance carrier that caters their policies to bad-credit drivers—or even claims to not check your credit. Or you could seek out a larger insurance carrier like GEICO that has been known to offer reasonable rates for drivers with bad credit.
Indiana has plenty of affordable options for drivers with low credit, but Travelers, SafeAuto, and Elephant.com take the cake as the three most affordable. If you're a high-risk driver in some other way (e.g., a poor driving record), Kemper has earned a reputation as an affordable smaller insurance company for this type of driver.
|Carrier||Avg. Monthly Cost|
|Midvale Home & Auto||$132|
|American Family Insurance||$153|
When it comes to credit's impact on car insurance, Indiana features few surprises. Those with excellent credit pay a reasonable $141 per month on average, while those with poor credit pay a slightly steeper $172 per month.
|Credit Tier||Avg. Monthly Cost|
Drivers in Indiana with bad credit will be relieved to know that Indiana's car insurance rates are some of the lowest in the country. So while drivers in Indianapolis pay more for car insurance ($166 per month) than drivers in South Bend ($126), these rates should still fit into most drivers' budgets.
|City||Credit Tier||Avg. Monthly Cost|
Insurance prices and policies can vary significantly between companies, and a state like Indiana draws a wide variety of choices when factoring insurance rates for drivers with bad credit.
Insurify's rate 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 you need to, and customers save $585 per year on average.