Cheap Auto Insurance Quotes in Indianapolis, IN (2023)

Drivers in Indiana’s capital city are required to carry a minimum amount of car insurance.^[1] Compared to the rest of the state, Indianapolis drivers enjoy relatively cheap car insurance options.

In Indianapolis, the average monthly cost of a minimum-coverage policy is $114. That’s 19% less per month than the state’s average insurance cost of $141.

How much does car insurance cost in Indianapolis?

Average car insurance quotes in Indianapolis start at $33 a month for liability-only insurance but can reach an average of $338 a month for full-coverage insurance. Although your location has an effect on premiums, insurance companies look at other factors like your vehicle features, policy type, driving history, ZIP code, age, gender, and more.^[2]

Because insurance rates can vary among insurers in Indianapolis, it’s important to shop around and compare quotes to find the best rates for your budget. Although various factors will likely affect your specific insurance costs, understanding the average car insurance costs for drivers in Indianapolis may help you avoid overpaying.

Insurify data scientists analyzed car insurance rates to determine average costs for drivers in the area. Below, you’ll find some of the cheapest car insurance options in Indianapolis:

• Cheapest liability-only insurance: On average, State Farm offers Indianapolis drivers the cheapest liability-only insurance policies, at $33 per month.

• Cheapest full-coverage policy: With an average cost of $56 per month, State Farm offers Indianapolis drivers the cheapest full-coverage insurance policies.

• Cheapest insurance for young drivers: With an average cost of $102 per month, Stillwater offers the cheapest car insurance options for young drivers in Indianapolis.

See More: Best Car Insurance Companies in Indiana

Cheapest car insurance in Indianapolis: State Farm

Every insurer has a different method of determining auto insurance premiums. Some of the factors include your age, vehicle type, coverage level, and more.^[2]

While your exact quote will vary, State Farm offers drivers the lowest average rates in Indianapolis. For a minimum-liability car insurance policy, drivers with State Farm find an average cost of $33 per month. If you’re looking for a full-coverage policy, State Farm still offers the cheapest average quotes, at $56 per month.

Here’s a breakdown of average costs by insurance company for both liability-only and full-coverage policies.

Average cost of auto insurance in Indianapolis

Based on Insurify data scientists’ analysis, the average cost of a liability-only insurance policy in Indianapolis is $114 per month. For a full-coverage policy, which includes collision and comprehensive coverage, the average monthly cost is a bit higher, at $189 a month.

However, average insurance costs vary widely by company. In the table below, you’ll find a breakdown of average monthly costs by insurance company.

Average car insurance premiums in Indianapolis by marital status

In general, married policyholders may pay slightly less for car insurance than unmarried drivers. When two drivers combine their car insurance, insurers factor in both of their driving histories, vehicle types, ages, and credit scores. If both drivers have clean records and high credit scores, they’re more likely to have lower rates and may get a multi-car discount.

In Indianapolis, unmarried drivers pay $161 per month. In contrast, drivers who have tied the knot pay an average of $153 per month.

How much car insurance do you need in Indianapolis?

Indiana drivers are required to carry a minimum level of car insurance. The coverage required is 25/50/25 liability insurance, which breaks down to the following:

• $25,000 in bodily injury liability coverage per person

• $50,000 in bodily injury liability coverage per accident

• $25,000 in property damage liability coverage^[1]

Additionally, every policy written in Indiana must include uninsured and underinsured motorist coverage. These minimum limits include:

• $25,000 in bodily injury liability coverage per person

• $50,000 in bodily injury liability coverage per accident

• $25,000 in property damage liability coverage

• $50,000 in underinsured motorist bodily injury coverage^[3]

The requirements above represent the bare minimum amount of coverage you need to legally drive on public roads in the state. However, liability-only coverage won’t help you repair or replace your own vehicle after an at-fault accident. Some drivers looking for more financial protection purchase a policy with comprehensive and collision coverage.

Regardless of the policy type you choose, you must carry proof of insurance while driving. You’ll be required to present this proof when in an accident or requested by law enforcement officers.

Indiana BMV information

The Indiana Bureau of Motor Vehicles (BMW) allows drivers to handle a wide range of tasks online, including renewing your license plates, renewing your driver’s license, paying reinstatement fees, and viewing your driving record.

The BMV also offers kiosks and branch locations to handle vehicle-related transactions. Many of the offices are open from Tuesday to Saturday. Before you drive across town, you can check the wait time of various locations to find the shortest wait.

Tips for getting cheap car insurance in Indianapolis

Car insurance is part of financially maintaining your vehicle. The good news is several strategies are available to lower your car insurance costs.

Here are some of the best tips for locking in cheaper car insurance:

• Find discounts. Many car insurance companies have discounts available for eligible drivers. You might qualify for a discount as a good student, good driver, military member, and more. Check with the insurance company about any potential discounts before finalizing a policy.

• Bundle policies. You can often find savings by bundling your car insurance with homeowners insurance or renters insurance. If you’re open to bundling, don’t be afraid to ask for a discount.

• Shop around. Each insurance company has a slightly different take on your situation. The best way to find the most affordable rate is to collect quotes from multiple companies. It’s easy to shop around with an online quote-comparison tool.^[4]

Additional ways to save include building a better credit history and investing in the right features for your vehicle. 

“By improving your credit score and adding anti-theft features to your vehicle, you will not only be at a [lower] risk but will show the responsibility necessary to lower your car insurance costs," says Matt Miller, founder of business insurance platform Embroker.

See More: Compare Home and Auto Insurance Bundles

How age affects car insurance rates in Indianapolis

Your age affects your car insurance costs. Since mature drivers are less likely to get into an accident, older drivers tend to pay less for car insurance than younger drivers.^[5]

In Indianapolis, teenagers find average monthly rates of $399. But when drivers turn 25, they may find significantly lower rates. In the table below, you’ll see the average costs for Indianapolis drivers based on their ages.

Cheapest car insurance for young drivers in Indianapolis

Due to a lack of driving experience, young drivers often pay more for car insurance. But affordable options are still available. For example, the average monthly premium for a full-coverage policy is $102 with Stillwater. It often pays to shop around for the lowest insurance rates. Here are the average monthly car insurance quotes for young drivers in Indianapolis:

Check Out: Cheapest Car Insurance for Drivers Under 25

Cheapest car insurance for middle-aged drivers in Indianapolis

Middle-aged drivers have more time behind the wheel than young drivers, which translates into lower monthly premiums. On average, the cheapest option for a full-coverage policy is available through Clearcover, at $93 per month. Below are the average quotes for Indianapolis car insurance for middle-aged drivers:

Cheapest car insurance for senior drivers in Indianapolis

Senior drivers in Indianapolis will find similar rates to middle-aged drivers. At an average of $75 per month, Kemper offers the cheapest average monthly premiums for full-coverage car insurance in Indianapolis.

How credit scores affect cheap car insurance in Indianapolis

Many insurance companies consider your credit when determining auto insurance premiums.^[6]

Drivers with good credit scores typically pay less for car insurance than drivers with poor credit scores.^[4] While a good FICO score falls between 670 and 739, a poor FICO credit score falls below 579.^[7] Pay your credit cards and loans on time, keep your credit utilization ratio below 30%, and maintain a healthy credit mix to improve your credit and reduce your car insurance costs.^[8]

Below is a breakdown of average insurance costs based on credit tiers.

Learn More: Car Insurance Rates by Credit Tier

The effect of driving habits on car insurance in Indianapolis

Driving habits are important for insurance companies when determining premiums. Insurers look at your driving record to assess risk and set premiums. Drivers with a history of violations typically pay more for car insurance than those with a clean driving record.^[2]

In Indianapolis, car insurance rates tend to rise after a speeding ticket, at-fault accident, or DUI.

Cheapest car insurance with a clean record in Indianapolis: State Farm

Drivers without any moving violations on their driving record will likely find the lowest rates.^[2] On average, the cheapest rates are available through State Farm, at $56 per month. But USAA and GEICO also offer average rates below $70.

Cheapest car insurance with an accident in Indianapolis: State Farm

An at-fault accident often leads to higher insurance premiums.^[9] But several companies still offer average rates lower than $100. On average, the cheapest option is available through State Farm, at $81 per month. But USAA and GEICO both offer average premiums less than $90 per month. Here’s how much drivers may pay on average for car insurance in Indianapolis after an at-fault accident:

Cheapest car insurance with a DUI in Indianapolis: State Farm

Even after a DUI conviction, State Farm continues to offer competitive rates. The average monthly rate after a DUI effectively doubles to $112 with State Farm. Here’s how much you may pay for car insurance after a DUI conviction in Indianapolis:

Cheapest car insurance with a speeding ticket in Indianapolis: State Farm

State Farm wins the top spot again for offering the cheapest average rates to drivers with a speeding ticket. On average, drivers with speeding tickets pay $76 per month through State Farm. But average rates can increase to $454 with CSAA. Here’s how much you may pay on average for car insurance in Indianapolis after a speeding ticket:

Car insurance in other Indiana cities

Car insurance costs can vary widely from city to city. Here’s a look at how much you might pay for car insurance in some other Indiana cities:

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• Cheapest Car Insurance Quotes in Evansville, IN

• Cheapest Car Insurance Quotes in Lafayette, IN

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• Cheapest Car Insurance Quotes in Elkhart, IN

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