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Cheap Auto Insurance Quotes in Lafayette, 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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Home to Purdue University and known for its large role in the country’s agricultural industry, Lafayette is a popular city. With just over 72,000 people calling it home, traffic can be a bit tricky at times. However, Lafayette features many main roads laid out in an organized fashion, making alternate routes easy to learn. Even in this easy-to-navigate city, it’s smart to have great car insurance in the event of an accident.
Car Insurance in Lafayette, 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 Lafayette, IN to find you the cheapest quotes in the area.
Quick Facts
- The average cost of car insurance in Lafayette is $131 per month, or $1572 annually.
- Car insurance in Lafayette is $6 less than the average cost of car insurance in Indiana.
- The cheapest car insurance provider in Lafayette on average is Clearcover, but you should always compare quotes to find your best personal rate.
Quotes by Top Companies
Progressive$23
State Farm$53
Travelers$95
Nationwide$116
The General$125
Cheapest Car Insurance in Lafayette, 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 Lafayette | Quotes |
|---|---|
| Progressive | $23 /mo |
| State Farm | $53 /mo |
| Travelers | $95 /mo |
| Nationwide | $116 /mo |
| The General | $125 /mo |
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Best Car Insurance in Lafayette, 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 Lafayette. For the complete list, see Insurify's best car insurance companies.
| Best Companies | Score | Quotes |
|---|---|---|
| American Family | 89 | $140 /mo |
| Liberty Mutual | 82 | $158 /mo |
See More: Best Car Insurance Companies
Average Car Insurance Cost
| Indiana Cities | |
|---|---|
| Indianapolis | $120/mo |
| Fort Wayne | $109/mo |
| Evansville | $109/mo |
| South Bend | $108/mo |
| Lafayette | $82/mo |
| Indiana | $106/mo |
Lafayette$82
Average for IN$106
South Bend$108
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.
Lafayette Car Insurance Rates by Driver Age
Working teens should be able to pay the $274 per month car insurance payment and still have a bit of spending money left over. In Lafayette, the price goes down as the number of years behind the wheel increases. For this reason, twentysomethings see a $125 cut from what the youngest drivers shell out. From then on, everyone spends less than the state average of $162 per month. People in their 30s snatch the best deal, with a price that’s less than half what teen drivers pay.
| Driver's Age | Avg. Monthly Cost |
|---|---|
| teens | $275 |
| 20s | $147 |
| 30s | $110 |
| 40s | $142 |
| 50s | $147 |
| 60s | $111 |
| 70s | $128 |
| 80s | N/A |
Lafayette Car Insurance Rates by Driving and Accident History
Hoosiers realize that safe driving pays in more ways than one. Drivers love the peace of mind that comes from defensive driving, and insurance companies grant “good driver” and “accident-free” discounts to the safest folks on the road. But one fender bender could destroy the deals because an at-fault accident kicks the rate up $50 per month. Worse still, a failure to stop moves the premium to $219. Fortunately, just three years of careful driving, and accidents and tickets stop affecting rates.
| Driving History | Avg. Monthly Cost |
|---|---|
| No Violation | $137 |
| Speeding Ticket | $172 |
| At-Fault Accident | $187 |
| Failure to Stop for Red Light / Stop Sign | $219 |
Lafayette Car Insurance Rates by Credit Tier
Should credit be used to decide a driver’s rate? “Yes,” answers the Hoosier State. The law allows insurance companies to factor credit in when setting premiums. Usually, the people with the best credit pay the least. But in Lafayette, those with excellent credit pay the most. That’s likely because people with excellent credit may finance costlier cars and need more coverage to protect their assets. Regardless, moving from average to good credit will save drivers over $30 per month, or $360 per year.
| Credit Tier | Avg. Monthly Cost |
|---|---|
| Excellent | $174 |
| Good | $118 |
| Average | $157 |
| Poor | $142 |
See More: Bad Credit Car Insurance Indiana
Find local Lafayette agents
ISU - Underwood Agency Inc
3990 SR 38 East Suite 5A,
Lafayette, IN 47905Wilmington Insurance Agency, Inc.
551 Beck Lane,
Suite C, Lafayette, IN 47909Epic Insurance Midwest (Lafayette)
2663 Duncan Rd,
Lafayette, IN 47904-1044RME Insurance
2812 Main St.,
Lafayette, IN 47904Lafayette Insurance - Joe Couch Insurance Agency
3111 Builder Dr #6,
Lafayette, IN 47909ONI Risk Partners
3553 Promenade Pkwy,
Lafayette, IN 47909McGowan Insurance LLC
3613 S 18th St STE E,
Lafayette, IN 47909-7365Henriott Group, Inc.
Renaissance Place,
Ste. 650, Lafayette, IN 47901Bob Byrd Insurance, Inc.
34 Executive Dr #A,
Lafayette, IN 47905-0700Bergstrom Insurance
213 S 18th Street,
Suite A, Lafayette, IN 47905-1131
Lafayette, IN DMV Information
Located to the north of the city center, two DMV branches serve residents in Lafayette (although here they’re referred to as BMV offices). The main location is open on Tuesdays from 8:30 a.m. to 6:30 p.m. and Wednesday through Friday from 8:30 a.m. to 5 p.m. Saturdays it’s open from 8:30 a.m. to 12:30 p.m. The West Lafayette branch operates at the same times, making it easy for people to get their tasks completed.
Public Transportation in Lafayette, IN
College students often don’t have their own vehicles, and the CityBus system in Lafayette has kept this in mind. Multiple routes run across the city along with a specific campus loop designed for Purdue students. A real-time tracking tool ensures that you never miss your ride either! If you need a more private method of transportation, taking an Uber or a Lyft is the best option.
How to get the best and cheapest car insurance in Lafayette, IN
With a low cost of living and beautiful surroundings, Lafayette is an idyllic place for many. Driving around town is often a breeze, but keep in mind that rush hour and inclement weather can both pose risks on the road. It’s always smart to evaluate your auto insurance coverage every so often to make sure you have the protection you need.
Motorists happy with their level of coverage but looking to save money can see how their policy compares using Insurify. After answering a few simple questions, you’ll be able to view quotes from multiple carriers and just might find an even better policy for your needs.
FAQs - Lafayette, IN Car Insurance
Drivers in this city tend to pay right around the national average for their coverage. Keep in mind that your policy premium is affected by a number of factors, including your driving history and the type of vehicle you wish to cover. Indiana mandates that drivers carry a wide range of options on their car insurance policy, including bodily injury, property damage, and uninsured/underinsured coverage. You may also purchase additional types of protection based on your driving habits. Shopping for a great deal on auto coverage is easy with Insurify. Simply answer a few questions, and you can view real-time quotes from multiple companies at once. Save time and money with Insurify.
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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 Lafayette 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 Lafayette, 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 Lafayette 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.
Ford F-Series Pickup
Most Popular Car in Lafayette
#13
City with the Most Speeding Tickets Rank in Indiana
#17
City with the Most Moving Violations Rank in Indiana
#1
City with the Most DUIs Rank in Indiana
#15
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. Lafayette drivers rank 4 in the number of car accidents per driver across all cities in Indiana.
- Rank within state: #4
- Percent of drivers in Lafayette with an accident: 13.84%
- Drivers in Lafayette, IN with an accident in their driving history pay on average 39.67% 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, Lafayette drivers rank 13 in the number of speeding infractions per driver.
- Rank within state: #13
- Percent of drivers in Lafayette with a speeding ticket: 10.41%
- Drivers in Lafayette, IN with a speeding ticket in their driving history pay on average 27.27% more than drivers with a clean record
While driving while intoxicated is never acceptable, it’s a more common offense than many assume. Lafayette drivers rank 1 in the number of DUI’s per driver across all cities in Indiana.
- Rank within state: #1
- Percent of drivers in Lafayette with a DUI: 3.6%
- Drivers in Lafayette, IN with a DUI in their driving history pay on average 5.79% 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 Lafayette is the Ford F-Series Pickup.
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, Lafayette drivers rank 8 in rude driving infractions.
- Rank within state: #8
- Percent of drivers in Lafayette with a reckless driving violation: 1.92%
- Drivers in Lafayette, IN with a reckless driving violation in their driving history pay on average -82.64% 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; Lafayette drivers rank 13 in clean driving records across all cities in Indiana.
- Rank within state: #13
- Percent of drivers in Lafayette with clean record: 74.38%
Failing to yield the right of way isn’t just frustrating for other drivers; it’s dangerous, too. Lafayette drivers rank 11 in failure to yield violations per driver across all cities in Indiana.
- Rank within state: #11
- Percent of drivers in Lafayette with a failure to yield violation: 0.14%
- Drivers in Lafayette, IN with a failure to yield violation in their driving history pay on average 0% 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, Lafayette drivers rank 3 in the number of reckless driving offenses per driver.
- Rank within state: #3
- Percent of drivers in Lafayette with a reckless driving offense: 0.27%
As auto manufacturers increasingly turn towards producing greener car models, more and more motorists are embracing hybrids and EV’s. Lafayette drivers rank 15 in hybrid and electric vehicle ownership across all cities in Indiana.
- Rank within state: #15
- Percent of drivers in Lafayette with a hybrid/electric vehicle: 0.95%
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