Cheap Auto Insurance Quotes in Indianapolis, IN (2023)

State Farm, GEICO, and USAA offer the cheapest rates for full-coverage car insurance in Indianapolis.

Sarah Sharkey
Written by
Sarah Sharkey
Sarah Sharkey
Written by
Sarah Sharkey
Insurance Writer
Sarah Sharkey is a personal finance writer who enjoys helping people make savvy financial decisions. She covered insurance and personal finance topics. You can find her work on Business Insider, Money Under 30, Rocket Mortgage, Bankrate, and more. Connect with her on LinkedIn.
Courtney Mikulski
Edited by
Courtney Mikulski
Courtney Mikulski
Edited by
Courtney Mikulski
Senior Editor
Courtney Mikulski is a Senior Editor at Insurify with more than three years editing and producing personal finance content. She's experienced with insurance, credit cards, consumer lending, and banking products. Courtney works to provide easy-to-understand and actionable advice to readers looking for their next insurance provider. Her previous work with Bankrate, Reviews.com, and The Simple Dollar, helped readers make smarter financial decisions. When Courtney isn't working, you can find her hanging out with her cat or on a bike ride with her husband. She earned a bachelor's degree in journalism at Ohio University in Athens, Ohio. 
Amber Benka
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Amber Benka
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Amber Benka
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Amber Benka is a licensed insurance agent specializing in auto, home, commercial, life, and health insurance.

Updated January 19, 2023

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Sarah Sharkey
Written by
Sarah Sharkey
Sarah Sharkey
Written by
Sarah Sharkey
Insurance Writer
Sarah Sharkey is a personal finance writer who enjoys helping people make savvy financial decisions. She covered insurance and personal finance topics. You can find her work on Business Insider, Money Under 30, Rocket Mortgage, Bankrate, and more. Connect with her on LinkedIn.
Courtney Mikulski
Edited by
Courtney Mikulski
Courtney Mikulski
Edited by
Courtney Mikulski
Senior Editor
Courtney Mikulski is a Senior Editor at Insurify with more than three years editing and producing personal finance content. She's experienced with insurance, credit cards, consumer lending, and banking products. Courtney works to provide easy-to-understand and actionable advice to readers looking for their next insurance provider. Her previous work with Bankrate, Reviews.com, and The Simple Dollar, helped readers make smarter financial decisions. When Courtney isn't working, you can find her hanging out with her cat or on a bike ride with her husband. She earned a bachelor's degree in journalism at Ohio University in Athens, Ohio. 
Amber Benka
Reviewed by
Amber Benka
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Reviewed by
Amber Benka
Licensed Insurance Agent
Amber Benka is a licensed insurance agent specializing in auto, home, commercial, life, and health insurance.

Updated January 19, 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.

Insurance CompanyLiability OnlyFull Coverage
State Farm$33$56
GEICO$37$62
USAA$40$60
Travelers$64$109
Farmers$69$116
Safeco$76$166
Allstate$78$132
Clearcover$81$116
SafeAuto$87$159
Nationwide$94$159
Elephant$96$123
Kemper Specialty$97$183
Midvale Home & Auto$102$173
Dairyland$108$263
Liberty Mutual$116$206
AssuranceAmerica$123$188
Traders$123$208
Bristol West$125$211
The General$126$249
Direct Auto$138$164
State Auto$139$235
CSAA$211$338
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

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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.

Insurance CompanyAverage Monthly Quote
State Farm$45
GEICO$49
USAA$50
Travelers$87
Farmers$93
Clearcover$98
Allstate$105
Elephant$109
Safeco$121
SafeAuto$123
Nationwide$127
Midvale Home & Auto$138
Kemper Specialty$140
Direct Auto$151
AssuranceAmerica$155
Liberty Mutual$161
Traders$165
Bristol West$168
Dairyland$185
The General$187
State Auto$187
CSAA$275
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

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:

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.

Age GroupAverage Monthly Rate
Teenagers$399
Younger than 25$268
25–29$174
30s$169
40s$145
50s$127
60s$167
70s$152
80+$179
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

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:

Insurance CompanyAverage Monthly Quote
Stillwater$102
Travelers$127
Elephant$136
National General$148
Clearcover$152
Progressive$157
Kemper Preferred$189
Nationwide$200
SafeAuto$220
Kemper Specialty$225
Direct Auto$228
Foremost Signature$235
Safeco$237
Midvale Home & Auto$242
AssuranceAmerica$249
Liberty Mutual$276
Bristol West$278
Traders$286
Kemper$317
Dairyland$319
The General$334
State Auto$360
CSAA$393
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

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:

Insurance CompanyAverage Monthly Quote
Clearcover$93
Travelers$106
National General$111
Progressive$115
Elephant$116
SafeAuto$116
Direct Auto$120
Foremost Signature$120
Kemper $120
Midvale Home & Auto$131
AssuranceAmerica$137
Safeco$140
Nationwide$149
Traders$149
Bristol West$162
Liberty Mutual$166
The General$191
Stillwater$192
State Auto$198
Dairyland$223
CSAA$283
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

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.

Insurance CompanyAverage Monthly Quote
Kemper$75
Travelers$87
SafeAuto$93
Nationwide$100
Elephant$101
Direct Auto$103
Safeco$109
Progressive$113
Clearcover$126
State Auto$141
Midvale Home & Auto$145
AssuranceAmerica$161
Liberty Mutual$168
Bristol West$176
Dairyland$187
Traders$193
The General$196
Foremost Signature$264
CSAA$400
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

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.

Credit TierAverage Monthly Quote
Excellent$161
Good$189
Fair$208
Poor$323
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

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.

Car Insurance CompanyClean Record
State Farm$56
USAA$60
GEICO$62
Travelers$109
Clearcover$116
Farmers$116
Elephant$123
Allstate$132
SafeAuto$159
Nationwide$159
Direct Auto$164
Safeco$166
Midvale Home & Auto$173
Kemper Specialty$183
AssuranceAmerica$188
Liberty Mutual$206
Traders$208
Bristol West$211
State Auto$235
The General$249
Dairyland$263
CSAA$338
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

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:

Car Insurance CompanyClean RecordWith AccidentDifference
State Farm$56$81$25
USAA$60$86$26
GEICO$62$89$27
Travelers$109$156$47
Clearcover$116$166$50
Farmers$116$167$51
Elephant$123$176$53
Allstate$132$190$58
SafeAuto$159$227$68
Nationwide$159$228$69
Direct auto$164$235$71
Safeco$166$237$71
Midvale Home & Auto$173$248$75
Kemper Specialty$183$262$79
AssuranceAmerica$188$270$82
Liberty Mutual$206$295$89
Traders$208$298$90
Bristol West$211$302$91
State Auto$235$337$102
The General$249$356$107
Dairyland$263$377$114
CSAA$338$485$147
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

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:

Car Insurance CompanyClean RecordWith DUIDifference
State Farm$56$112$56
USAA$60$119$59
GEICO$62$124$62
Travelers$109$217$108
Clearcover$116$230$114
Farmers$116$231$115
Elephant$123$245$122
Allstate$132$264$132
SafeAuto$159$315$156
Nationwide$159$316$157
Direct Auto$164$326$162
Safeco$166$329$163
Midvale Home & Auto$173$344$171
Kemper Specialty$183$364$181
AssuranceAmerica$188$374$186
Liberty Mutual$206$410$204
Traders$208$413$205
Bristol West$211$419$208
State Auto$235$468$233
The General$249$495$246
Dairyland$263$523$260
CSAA$338$673$335
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

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 CompanyClean RecordWith Speeding TicketDifference
State Farm$56$76$20
USAA$60$80$20
GEICO$62$83$21
Travelers$109$146$37
Clearcover$116$155$39
Farmers$116$156$40
Elephant$123$165$42
Allstate$132$178$46
SafeAuto$159$213$54
Nationwide$159$214$55
Direct Auto$164$220$56
Safeco$166$222$56
Midvale Home & Auto$173$232$59
Kemper Specialty$183$246$63
AssuranceAmerica$188$252$64
Liberty Mutual$206$277$71
Traders$208$279$71
Bristol West$211$283$72
State Auto$235$316$81
The General$249$334$85
Dairyland$263$353$90
CSAA$338$454$116
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

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:

Find local Indianapolis agents

  • A-1 Insurance, Hunt & Assoc

    2929 E 96th St Suite A,
    Indianapolis, IN 46240
  • McGowan Insurance Group

    355 Indiana Avenue,
    Suite 200, Indianapolis, IN 46204-2972
  • M J Schuetz Insurance Services

    55 Monument Circle,
    Indianapolis, IN 46204
  • Associated Insurance Group of Indiana

    7799 Michigan Rd.,
    Indianapolis, IN 46268
  • Burns Family Insurance

    1800 N Meridian Street,
    Indianapolis, IN 46202
  • RMIA Inc. dba Risk Manager Insurance Agency

    9119 Otis Avenue,
    Indianapolis, IN 46216
  • Cindy Wilkins Insurance Agency

    8007 S Meridian,
    Indianapolis, IN 46217
  • Merritt Hall Insurance

    2421 Production Drive,
    Indianapolis, IN 46242
  • McClain-Matthews Insurance

    6329 Hollister Drive,
    Indianapolis, IN 46224
  • ACB Insurance, Inc.

    9959 Crosspoint Blvd,
    Indianapolis, IN 46256
View more

Indianapolis car insurance rates FAQs

Here are answers to some commonly asked questions about car insurance in Indianapolis.

  • On average, drivers in Indiana pay $141 per month for car insurance. Drivers in Indianapolis can find more affordable average premiums of $114 per month for liability-only coverage. But if you opt for a full-coverage policy, the average monthly premium is $189.

  • Indiana drivers need at least $25,000 in bodily injury liability coverage per person, $50,000 in bodily injury liability coverage per accident, and $25,000 in property damage liability insurance. But depending on your financial situation, a liability-only policy might not suit your needs. Drivers looking for more protection for their wallets might look into a full-coverage policy.[1]

  • On average, Indiana drivers have slightly higher car insurance costs than the national average. In Indiana, the average monthly car insurance premium is $141 per month. That’s $20 more than the national average of $121.

Compare Car Insurance Quotes Instantly

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  • Data scientists at Insurify analyzed more than 40 million real-time auto insurance rates from our partner providers across the United States to compile the car insurance quotes, statistics, and data visualizations displayed on this page. The car insurance data includes coverage analysis and details on drivers' vehicles, driving records, and demographic information. Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Service's database of auto insurance rates. With these insights, Insurify is able to offer drivers insight into how companies price their car insurance premiums.

Sources

  1. Indiana.gov. "BMV: Licenses, Permits, & IDs: Proof of Financial Responsibility." Accessed January 12, 2023
  2. III. "What determines the price of an auto insurance policy?." Accessed January 12, 2023
  3. Indiana Department of Insurance. "IDOI: Auto Insurance." Accessed January 12, 2023
  4. III. "Nine ways to lower your auto insurance costs." Accessed January 13, 2023
  5. III. "Auto insurance for teen drivers." Accessed January 13, 2023
  6. Indiana Department of Insurance. "The Use of Credit Information in Underwriting and Rating Insurance Policies." Accessed January 13, 2023
  7. Experian. "What Is a Good Credit Score?." Accessed January 13, 2023
  8. Experian. "How to Improve Your Credit Score Fast." Accessed January 13, 2023
  9. III. "Do auto insurance premiums go up after a claim?." Accessed January 13, 2023
Sarah Sharkey
Written by
Sarah Sharkey
Linkedin

Insurance Writer

Sarah Sharkey is a personal finance writer who enjoys helping people make savvy financial decisions. She covered insurance and personal finance topics. You can find her work on Business Insider, Money Under 30, Rocket Mortgage, Bankrate, and more. Connect with her on LinkedIn.

Learn More
Courtney Mikulski
Edited by
Courtney Mikulski

Senior Editor

Courtney Mikulski
Edited by
Courtney Mikulski
Senior Editor
Courtney Mikulski is a Senior Editor at Insurify with more than three years editing and producing personal finance content. She's experienced with insurance, credit cards, consumer lending, and banking products. Courtney works to provide easy-to-understand and actionable advice to readers looking for their next insurance provider. Her previous work with Bankrate, Reviews.com, and The Simple Dollar, helped readers make smarter financial decisions. When Courtney isn't working, you can find her hanging out with her cat or on a bike ride with her husband. She earned a bachelor's degree in journalism at Ohio University in Athens, Ohio. 
Amber Benka
Reviewed by
Amber Benka

Licensed Insurance Agent

Icon of a woman
Reviewed by
Amber Benka
Licensed Insurance Agent
Amber Benka is a licensed insurance agent specializing in auto, home, commercial, life, and health insurance.