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Cheap Auto Insurance Quotes in Indianapolis, IN (June 2022)
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Edited by Olivia Oksenhorn | Reviewed by licensed insurance agent, Amber Benka
Last Updated February 4, 2022
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This city isn’t called the “Crossroads of America” for nothing, as Indianapolis is home to more interstates than most other places in the nation. Rush hour can bring an immense amount of traffic, depending on where you are in the metropolitan area, and those who don’t know how to navigate the area’s countless number of roundabouts could find driving in Indianapolis stressful, to say the least. Thankfully, at least you won’t have to navigate how to pay for your auto insurance, as residents in this area can typically save money after doing a bit of research.
Car Insurance in Indianapolis, IN
The average cost of Indiana car insurance will vary from city to city and between insurance companies. Insurify analyzed the latest insurance rates in Indianapolis, IN to find you the cheapest quotes in the area.
Quick Facts
- The average cost of car insurance in Indianapolis is $160 per month, or $1920 annually.
- Car insurance in Indianapolis is $23 more than the average cost of car insurance in Indiana.
- The cheapest car insurance provider in Indianapolis on average is Clearcover, but you should always compare quotes to find your best personal rate.
Quotes by Top Companies
Progressive$52
State Farm$78
Travelers$116
Nationwide$145
The General$154
Cheapest Car Insurance in Indianapolis, IN
The cost of car insurance can vary depending on the insurance provider. That’s because every insurance provider values information like your driving history and your credit score a little bit differently. Although the following car insurance companies offer the cheapest auto insurance premiums on average, it’s always important to compare quotes. Use Insurify to find your best rate today!
| Insurance Provider in Indianapolis | Quotes |
|---|---|
| Progressive | $52 /mo |
| State Farm | $78 /mo |
| Travelers | $116 /mo |
| Nationwide | $145 /mo |
| The General | $154 /mo |
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Best Car Insurance in Indianapolis, IN
The Insurify Composite Score is calculated 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 Indianapolis. For the complete list, see Insurify's best car insurance companies.
| Best Companies | Score | Quotes |
|---|---|---|
| American Family | 89 | $163 /mo |
| Nationwide | 89 | $229 /mo |
| Safeco | 86 | $176 /mo |
| Liberty Mutual | 82 | $204 /mo |
| Travelers | 80 | $110 /mo |
See More: Best Car Insurance Companies
Average Car Insurance Cost
| Indiana Cities | |
|---|---|
| Fort Wayne | $109/mo |
| Evansville | $109/mo |
| South Bend | $108/mo |
| Carmel | $99/mo |
| Indianapolis | $120/mo |
| Indiana | $109/mo |
Carmel$99
South Bend$108
Average for IN$109
Fort Wayne$109
Evansville$109
Indianapolis$120
Click here to learn about car insurance quotes and save on your current policy.
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.
Indianapolis Car Insurance Rates by Driver Age
Those with more than 30 years of driving experience in Indianapolis will find that their car insurance rates are some of the best around. Motorists in their 50s, 60s, and 70s will pay an average of $122, $125, and $127, respectively. Prices here are the highest for drivers under 20 years of age, with rates that average $300; however, once a driver is out of their teen years, they can save about $120 off this initial rate.
| Driver's Age | Avg. Monthly Cost |
|---|---|
| teens | $301 |
| 20s | $189 |
| 30s | $144 |
| 40s | $162 |
| 50s | $123 |
| 60s | $126 |
| 70s | $128 |
| 80s | $160 |
Indianapolis Car Insurance Rates by Driving and Accident History
It’s a matter of pride for many motorists to maintain a clean driving record, but if you do receive a moving violation, your car insurance premiums won’t take too much of a hit. Drivers without any points on their records pay an average of $165, and if they run a stop sign or red light, their rates won’t be impacted by more than a few dollars. A speeding ticket, however, will cause premiums to go up to around $189, and an at-fault accident pushes prices to $200.
| Driving History | Avg. Monthly Cost |
|---|---|
| No Violation | $166 |
| Speeding Ticket | $190 |
| At-Fault Accident | $201 |
| Failure to Stop for Red Light / Stop Sign | $163 |
Indianapolis Car Insurance Rates by Credit Tier
Drivers with excellent credit definitely get to enjoy lower car insurance rates in Indianapolis. These individuals tend to pay an average of $152, as they are deemed to be the most financially trustworthy. Motorists whose credit falls into the poor, average, or good tiers will typically pay $173, $171, or $177, respectively. While boosting your credit is always worthwhile, drivers in Indianapolis have an extra incentive to do so.
| Credit Tier | Avg. Monthly Cost |
|---|---|
| Excellent | $153 |
| Good | $178 |
| Average | $172 |
| Poor | $174 |
See More: Bad Credit Car Insurance Indiana
Find local Indianapolis agents
A-1 Insurance, Hunt & Assoc
2929 E 96th St Suite A,
Indianapolis, IN 46240McGowan Insurance Group
355 Indiana Avenue,
Suite 200, Indianapolis, IN 46204-2972M J Schuetz Insurance Services
55 Monument Circle,
Indianapolis, IN 46204Associated Insurance Group of Indiana
7799 Michigan Rd.,
Indianapolis, IN 46268Burns Family Insurance
1800 N Meridian Street,
Indianapolis, IN 46202RMIA Inc. dba Risk Manager Insurance Agency
9119 Otis Avenue,
Indianapolis, IN 46216Cindy Wilkins Insurance Agency
8007 S Meridian,
Indianapolis, IN 46217Merritt Hall Insurance
2421 Production Drive,
Indianapolis, IN 46242McClain-Matthews Insurance
6329 Hollister Drive,
Indianapolis, IN 46224ACB Insurance, Inc.
9959 Crosspoint Blvd,
Indianapolis, IN 46256
Indianapolis, IN DMV Information
The Indiana Bureau of Motor Vehicles makes it easy for drivers to get the information they need, with branch locations and kiosks sprinkled around the metropolitan area. Many offices are open Tuesday through Saturday with varying hours and allow you to check current wait times online. If you need to head to a BMV location, it’s often advised that you check multiple offices to see which is the least busy.
Public Transportation in Indianapolis, IN
Indianapolis has refined its public transportation system over the years, making it quite easy to get around town without your own vehicle. IndyGo operates 31 different routes that crisscross the city as well as the Red Line rapid transit electric bus system. You can also rent an electric vehicle or scooter if need be, while others opt to use a ridesharing service like Lyft or Uber.
How to get the best and cheapest car insurance in Indianapolis, IN
If you’ve grown up in Indianapolis, the city’s maze of interstates is likely nothing you worry about, but those new to the area should take extra time when planning a trip and remember to stay focused on the road at all times. Even though a collision can happen completely accidentally, keep in mind that you’re financially responsible if a problem occurs on the road.
In order to protect yourself in the event of an accident, it’s best to make sure you have adequate car insurance. By visiting Insurify, you can compare quotes with ease and enroll in a policy that will meet your specific driving needs. Now, you can navigate the roads of Indianapolis with a little more peace of mind!
FAQs - Indianapolis, IN Car Insurance
Residents of Indianapolis often pay up to 20 percent less than the national average for their auto policy due to a variety of factors, including the frequency of accidents in the state, a person’s driving history, and more. If you’re looking to purchase insurance in Indiana for the first time, it’s important to note that you must have liability coverage of at least $25,000. Additional types of protection are always available, depending on your specific needs. Anyone who is found operating a vehicle without coverage will have their driving privileges suspended and may face penalties as well. It’s common to need special insurance moving forward when you do get your license back.
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Methodology
The car insurance quotes displayed are based on an analysis of Insurify’s database of over 40 million quotes from 500 ZIP codes nationwide. To obtain representative rates, Insurify’s data science team performs frequent comprehensive analyses of the factors car insurance providers weigh to calculate rates including driver demographics, driving record, credit score, desired coverage level, and more.
Insurify’s analysis also incorporates the Insurify Composite Score (ICS) assigned to each insurance provider. The ICS is a proprietary rating that weighs multiple factors reflecting the quality, reliability, and health of an insurance company. Ratings used to calculate the ICS include Financial Strength Ratings from A.M. Best, Standard & Poor’s, Moody’s, and Fitch; J.D. Power ratings; Consumer Reports customer satisfaction surveys and customer complaints; mobile app reviews; and user-generated company reviews.
With the above insights and ranking methods, Insurify is able to offer car insurance shoppers insight into how various insurance providers compare to one another in terms of both cost and quality. Note, actual quotes will vary based on unique attributes including the policyholder’s driver history and their garaging address.
Insurify Insights
How Indianapolis Drivers Measure Up
While most drivers know that car insurance quotes are determined in part by your personal driving history, many may be unaware that rates are also impacted by the average risk of the drivers around you as well. Check out Insurify's latest analysis of driving records in Indianapolis, Indiana below:
Methodology
Drawing from an internal database of over 4 million car insurance applications, the research team at Insurify analyzes patterns in car ownership and driver behavior - including how Indianapolis drivers measure up to their fellow motorists across Indiana in areas including speeding, DUIs, and more.
Insurify Insights publishes data-driven articles, trend analyses, and national rankings each week on all factors related to cars and those who drive them.
Chevrolet Malibu
Most Popular Car in Indianapolis
#4
City with the Most Speeding Tickets Rank in Indiana
#12
City with the Most Moving Violations Rank in Indiana
#11
City with the Most DUIs Rank in Indiana
#3
City with the Most Suspended Licenses in Indiana
While car accidents are a sadly unavoidable feature of time spent on the road, rates of accidents do vary from city to city and from state to state. Indianapolis drivers rank 19 in the number of car accidents per driver across all cities in Indiana.
- Rank within state: #19
- Percent of drivers in Indianapolis with an accident: 10.55%
- Drivers in Indianapolis, IN with an accident in their driving history pay on average 36.17% more than drivers with a clean record
Exceeding the speed limit can endanger others and leave a permanent stain on your driving record. When compared to other cities in Indiana, Indianapolis drivers rank 4 in the number of speeding infractions per driver.
- Rank within state: #4
- Percent of drivers in Indianapolis with a speeding ticket: 12.68%
- Drivers in Indianapolis, IN with a speeding ticket in their driving history pay on average 29.79% more than drivers with a clean record
While driving while intoxicated is never acceptable, it’s a more common offense than many assume. Indianapolis drivers rank 11 in the number of DUI’s per driver across all cities in Indiana.
- Rank within state: #11
- Percent of drivers in Indianapolis with a DUI: 2.84%
- Drivers in Indianapolis, IN with a DUI in their driving history pay on average 7.8% more than drivers with a clean record
Some car models are just more popular than others and trends can vary from place to place. The most popular vehicle in Indianapolis is the Chevrolet Malibu.
The Insurify team classifies rude drivers as those who commit the following driving offenses: failure to yield or failure to stop, improper backing, passing where prohibited, tailgating, street racing, or hit-and-runs. Among all cities in Indiana, Indianapolis drivers rank 9 in rude driving infractions.
- Rank within state: #9
- Percent of drivers in Indianapolis with a reckless driving violation: 1.77%
- Drivers in Indianapolis, IN with a reckless driving violation in their driving history pay on average 36.17% more than drivers with a clean record.
Having a squeaky-clean driving record is an accomplishment to be proud of. Some cities have safer drivers than others; Indianapolis drivers rank 9 in clean driving records across all cities in Indiana.
- Rank within state: #9
- Percent of drivers in Indianapolis with clean record: 77.64%
Failing to yield the right of way isn’t just frustrating for other drivers; it’s dangerous, too. Indianapolis drivers rank 5 in failure to yield violations per driver across all cities in Indiana.
- Rank within state: #5
- Percent of drivers in Indianapolis with a failure to yield violation: 0.31%
- Drivers in Indianapolis, IN with a failure to yield violation in their driving history pay on average 1800% more than drivers with a clean record
Reckless driving refers to a specific traffic violation: when drivers willfully act dangerously in spite of the risks they’re imposing on both themselves and others. Among all cities in Indiana, Indianapolis drivers rank 6 in the number of reckless driving offenses per driver.
- Rank within state: #6
- Percent of drivers in Indianapolis with a reckless driving offense: 0.09%
As auto manufacturers increasingly turn towards producing greener car models, more and more motorists are embracing hybrids and EV’s. Indianapolis drivers rank 17 in hybrid and electric vehicle ownership across all cities in Indiana.
- Rank within state: #17
- Percent of drivers in Indianapolis with a hybrid/electric vehicle: 0.81%
Insurify Insights
Insurify's team of data scientists and content specialists presents Insurify Insights, a series of automotive, home, and health studies focusing on the topics that impact us all. through expert analysis of over 4 million car insurance applications and an array of top data sources, the Insurify Insights team produces new data-driven articles, trend analyses, regional superlatives, and national rankings every week. See Insurify Insights as featured in Forbes, Fox News, USA Today, NPR, and more.
Content Manager at Insurify
Tanveen Vohra is a content manager at Insurify specializing in writing property and casualty insurance content. Through her content, Tanveen helps consumers better understand the components of their insurance policies so they can make smarter purchase decisions. Tanveen's work has been cited by CNBC, Fox Business, Business Insider, Fortune, and Market Watch, among others.
Sources
- Indiana Department of Insurance. "State Minimum Requirements." Accessed May 28, 2022