Cheap Car Insurance in Indiana (2023)

Car Insurance in Indiana

Living in the Hoosier State means you can claim the same home state as basketball legend Larry Bird — and enjoy the 11th-cheapest car insurance in the country. Indiana residents pay an average of just $158 per month for car insurance, which is $75 less than the national monthly average rate of $233.

Comparing insurance quotes online can also help ensure you get the best deal available to you as an Indiana driver. You’ll need to provide some information about yourself, including your ZIP code, vehicle type, and driving records. Then, you can determine whether the affordable car insurance quote you receive will meet your needs.

Best cheap car insurance in Indiana: State Farm

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State Farm

Auto insurance companies vary in customer and claims satisfaction, financial stability, available coverage, and more. An auto insurer that works well for one driver may not be ideal for another, so considering your options is really important. Compare ICS ratings and quotes from the best cheap car insurance options in Indiana in the chart below. Travelers offers the cheapest rate.

Learn More: Best Car Insurance Companies

Insurify Composite Score (ICS)

To calculate the Insurify Composite Score, a proprietary rating, Insurify data scientists weigh multiple factors that reflect the quality, reliability, and health of an insurance company.

Inputs to the score include J.D. Power ratings, Consumer Reports customer satisfaction surveys and customer complaints, mobile app reviews, user-generated company reviews, and financial strength ratings from A.M. Best, Standard & Poor’s, Moody’s, and Fitch.

What to know about minimum car insurance requirements in Indiana

To drive in Indiana, you’ll need to insure your vehicle — the state requires insurance for all vehicles operated or parked on its roads. You’ll also need to carry proof of insurance in your car at all times, and have it ready to show when: 

• A member of law enforcement asks to see it. 

• You renew your vehicle registration.

• Your car is involved in an accident.

The minimum liability insurance requirements for private passenger vehicles in Indiana are:

• $25,000 per person for bodily injury and $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.

• $25,000 per accident for property damage: If it’s determined that an insured driver is at fault for an accident, this coverage pays for repairs to the property of the other involved parties. Additionally, property damage coverage can cover legal costs if the insured driver is involved in a lawsuit following the accident.

• $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.

Indiana DMV information

If you plan to drive in the state of Indiana, you'll need to visit your local Indiana Bureau of Motor Vehicles (BMV) to get your first driver’s license and register your vehicle. Most branches and kiosk BMV locations also allow you to renew your driver’s license, vehicle plates, and registration; take special driving exams and courses for motorcycles; and utilize defensive driving courses and resources.

Public transportation in Indiana

If you’re looking for alternatives to driving, Indiana offers a variety of public transportation options. In fact, more than 60 public transit systems operate out of various cities and counties throughout the state. Indiana public transit systems include IndyGo in Indianapolis, the Metropolitan Evansville Transit System, and Citilink in Fort Wayne.

Tips for getting cheap car insurance in Indiana

Comparing quotes from multiple auto insurance providers in Indiana is the most reliable way to find the cheapest car insurance premiums that fit your insurance needs and driving profile. Choosing to bundle home and auto insurance, increasing your deductible, and utilizing any discounts you’re eligible for will also lower premiums.

Liability-only vs. full-coverage insurance in Indiana

Indiana, like most states, sets minimum requirements for liability insurance, so you can opt to carry liability-only auto insurance, which pays for expenses related to injuries and damage to the other party’s car if you cause an accident. 

Keep in mind, minimum coverage won’t help you repair or replace your vehicle if you’re at fault for an accident. But liability-only insurance could make sense for you if:

• You have a low-value vehicle.

• You can afford to repair or replace your car out of your own pocket.

• Getting the cheapest insurance possible is your top priority.

For a higher level of protection, you can choose full-coverage insurance, which includes basic liability plus collision and comprehensive coverage. Collision coverage pays for damages to your car, even if you’re at fault for an accident. Comprehensive pays for damages caused by events out of your control, like vandalism, weather, and animals. Auto lenders and leasing companies typically require drivers to carry full coverage on a car they’ve financed.

You may also opt for full coverage if:

• You have a high-value vehicle.

• You wouldn’t be able to afford to repair or replace your car out of pocket.

• Your car’s actual cash value (the payout you’d likely get if your car is totaled) exceeds your annual premium to carry full coverage.

Here’s a look at the cheapest auto insurance in Indiana by policy type.

See More: Bad Credit Car Insurance Indiana

How your driving history affects Indiana car insurance rates

Your driving history is the factor that most influences your car insurance costs. Good drivers — whose records are free of serious traffic violations like speeding tickets or reckless driving — tend to get the best car insurance rates in Indiana. But infractions like driving under the influence or at-fault accidents can significantly increase insurance costs.

Here’s a look at average monthly quotes for the cheapest car insurance in Indiana based on driving and accident history.

See More: High-Risk Car Insurance Indiana

See More: SR-22 Car Insurance Indiana

SR-22 insurance in Indiana

The state of Indiana requires drivers who have been convicted of a serious traffic violation to obtain an SR-22 form. This form is proof that you’re meeting all the minimum requirements for auto insurance mandated by the state. If you need an SR-22 form, you should consider reaching out to one of the following companies:

How credit scores affect Indiana car insurance quotes

The state of Indiana allows insurers to consider people’s credit scores when determining insurance rates. Generally, people with excellent or good credit scores can qualify for lower car insurance premiums than people with average or poor credit scores.

How your city affects Indiana insurance quotes

One of the more significant factors that will affect your car insurance rates is the city in which you live due to location-based factors, like population and crime rates. For instance, drivers living in Indianapolis, Terre Haute, and Gary pay more expensive premiums than drivers in cities like Mishawaka, Noblesville, and Anderson. Find the average quote for your city below.

How your age affects your Indiana car insurance rates

Because insurers generally equate age with experience level, your age will significantly affect how much you pay for car insurance. New drivers, who tend to be teens or people in their early 20s, typically pay more for insurance than drivers 25 and older.

The following table gives a high-level view of how age can affect insurance rates.

Quotes for younger drivers

Higher rates for younger drivers is a universal reality of car insurance, although in Indiana, a young driver with a clean driving record may still be able to score a good monthly premium. For example, Clearcover offers a liability-only policy for just $94 per month. However, getting into an accident or having a DUI can bump Clearcover’s premium by 67% or more.

Quotes for middle-aged drivers

When you’ve gained some driving experience, and are older than 25, you’ll likely see your Indiana car insurance rates drop, especially if you’ve maintained a clean driving record. In fact, full coverage can be very affordable for middle-aged drivers in Indiana; Clearcover offers a full-coverage policy for as little as $83 per month.
 

Quotes for senior drivers

Older Hoosiers tend to have the lowest car insurance rates in the state; National General offers rates as low as $43 per month for a minimum-coverage policy. However, an accident or DUI can significantly increase costs for senior drivers.

Indiana car insurance FAQs

Insurify Insights

How Indiana 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 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 Indiana drivers measure up to their fellow motorists across the United States 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 Indiana

#21

State with the Most Speeding Tickets Rank

#17

State with the Moving Violations Rank

#8

State with the Most DUIs Rank

#1

State with the most Suspended Licenses

• Accidents 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. Indiana is the #18 state in the country for drivers with an at-fault accident on their driving record.

  • Rank among states: #18
  • Percent of drivers in Indiana with an accident: 9.4%
• DUIs in Indiana

  While driving while intoxicated is never acceptable, it’s a more common offense than many assume. Indiana is the #8 state in the country for drivers with a prior drunk driving conviction.

  • Rank among states: #8
  • Percent of drivers in Indiana with a DUI: 2.2%
• Reckless Driving in Indiana

  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. Indiana is the #28 state in the country for drivers with a reckless driving offense on record.

  • Rank among states: #28
  • Percent of drivers in Indiana with a reckless driving offense: 1.2%
• Rude Driving in Indiana

  The Insurify team classifies rude drivers as those who commit one or more of the following driving offenses: failure to yield or failure to stop, improper backing, passing where prohibited, tailgating, street racing, or hit-and-run. Indiana is the #30 state in the country for drivers with a rude driving violation on record.

  • Rank among states: #30
  • Percent of drivers in Indiana with a rude driving violation: 1.4%
• Speeding in Indiana

  Exceeding the speed limit can endanger others and have a serious impact on your insurance costs. Indiana is the #21 state in the country for drivers with a speeding ticket on record.

  • Rank among states: #21
  • Percent of drivers in Indiana with a speeding ticket: 9.4%
• Failure to Yield Rates in Indiana

  Failing to yield the right of way isn’t just frustrating for other drivers; it’s dangerous, too. Indiana is the #41 state in the country for drivers with a failure to yield violation on record.

  • Rank among states: #41
  • Percent of drivers in Indiana with a failure to yield violation: 0.1%

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.