The words "bargain" and "auto insurance" probably shouldn't be used together, specifically when looking for the best price on coverage for 20 year old women. To help control this cost, let's learn about some of the things that have a considerable impact on auto insurance prices, and see if you can slash the price of your next policy.

Finding good, low-priced insurance is not easy, and determining which company quotes the lowest-priced auto insurance rates for 20 year old women in Indiana calls for even more shopping around. Prices should be much greater than the average policy in Indiana, with the higher price attributed to the potentially higher risk that goes along with selling coverage for young women, but economical coverage may be available if you look hard enough.

Every insurance provider uses their own formula for establishing rates, so let's take a look at the auto insurance companies with the overall cheapest rates in Indiana. It's important to understand that Indiana auto insurance rates are impacted by many things which can substantially change the price of your policy. Simply getting older, buying a newer car, or getting a ticket for running a stop sign can trigger changes in premium resulting in some companies being cheaper than competitors.

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Cheapest Indiana auto insurance companies
Rank Company Cost Per Year
1 Travelers $602
2 Cincinnati Insurance $664
3 USAA $687
4 Erie $733
5 Western Reserve $846
6 Indiana Farmers Mutual $875
7 Auto-Owners $879
8 The Hartford $889
9 Nationwide $940
10 State Farm $957
11 Motorists Mutual $966
12 Hastings Mutual $973
13 Utica National $995
14 Safeco $1,003
15 Farmers $1,064
16 State Auto $1,098
17 GEICO $1,100
18 Westfield $1,105
19 Wolverine Mutual $1,105
20 Progressive $1,106
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Travelers quotes some of the lowest car insurance rates in Indiana at around $602 annually. This is $638 less than the average rate paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve also rank well as some of the lowest-priced Indiana car insurance companies.

In the rate table above, if you currently have a policy with Erie and switched to Travelers, you might achieve savings of about $131. Indiana drivers with Western Reserve could save as much as $244 a year, and Indiana Farmers Mutual policyholders might lower prices by up to $273 a year.

To see if you're overpaying, click here or click several companies below for low rates.

Bear in mind that those policy prices are averages across all drivers and vehicles in Indiana and do not take into consideration a price surcharge for 20 year old women. So the car insurance company that has the cheapest rates for you may not even be in the list above. That helps illustrate why you need to get auto insurance quotes using your own driver and vehicle profiles.

One of the more important considerations that are looked at to help calculate car insurance rates is where you keep your vehicle. More populated areas like Gary, Merrillville, and Indianapolis tend to pay slightly more, whereas areas with less congestion get the luxury of paying less.

The next table lists the most expensive cities in Indiana for 20 year old women in which to buy car insurance.

How much does car insurance cost in Indiana?
Rank City Annual Rate
1 Gary $1,401
2 Hammond $1,327
3 Merrillville $1,139
4 Portage $1,093
5 Indianapolis $1,092
6 Lawrence $1,088
7 Evansville $1,087
8 Jeffersonville $1,070
9 Terre Haute $1,067
10 New Albany $1,059
11 Kokomo $1,031
12 Anderson $1,011
13 Bloomington $988
14 Columbus $984
15 Fishers $983
16 Fort Wayne $976
17 Mishawaka $974
18 Richmond $973
19 Greenwood $969
20 Elkhart $956
21 South Bend $947
22 Muncie $937
23 Noblesville $930
24 Carmel $919
25 Lafayette $917
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Price information shown is approximated as the vehicle garaging location can change prices significantly.

The information below illustrates how your deductible choice can raise or lower insurance costs when getting quotes for cheap insurance for 20 year old women in Indiana. The data assumes a single male driver, comp and collision included, and no discounts are factored in.

In the chart above, a 40-year-old driver could lower rates by $230 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $348 by switching to a $1,000 deductible. Youthful drivers, such as the Age 20 example, could save $756 annually by using a higher deductible. When choosing a higher deductible, it is a good idea to have plenty of money set aside to allow you to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

Ending up with the best car insurance company can be challenging considering how many different companies insure vehicles in Indiana. The rank data displayed below could help you select which companies you want to consider when trying find the best insurance for 20 year old women.

These rankings are for insurance companies that insure vehicles in the majority of U.S. states, so smaller companies that only insure vehicles in Indiana are not taken into consideration for these rankings. If you wish to compare prices and find cheaper insurance for 20 year old women, follow this link.

Top 15 Auto Insurance Companies for a 20 Year Old Female in Indiana
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 99 100 90 92% A++ 97.4
21st Century 89 86 100 88% A 92.7
GEICO 97 91 88 85% A++ 92.5
Nationwide 88 94 91 88% A+ 91.3
AAA Insurance 93 87 88 87% A 90.8
Liberty Mutual 91 91 92 87% A 90.7
Safeco Insurance 90 93 88 86% A 90.2
State Farm 91 94 80 88% A++ 90.2
Travelers 89 91 94 79% A++ 90.1
American Family 88 92 83 88% A 89.4
Titan Insurance 89 91 83 86% A+ 89.3
Allstate 90 90 84 85% A+ 89.1
Progressive 83 85 99 87% A+ 88.7
Erie Insurance 92 90 82 88% A+ 88.5
The Hartford 87 89 84 87% A+ 88
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Data Source: Best Car Insurance Companies

Cost comparison with and without full coverage

Finding cheaper auto insurance is probably important to most vehicle owners, and one easy way to find cheaper insurance for 20 year old women in Indiana is to only buy liability insurance. The illustration below shows the comparison of insurance costs with full coverage compared to only the Indiana minimum liability coverage. The price estimates are based on no violations or accidents, $250 deductibles, single status, and no policy discounts are applied.

Averaged for all ages 20 through 70, full coverage costs an additional $2,009 per year more than carrying just liability coverage. That amount may make you wonder when is the right time to remove full coverage. There is no set rule of when to drop full coverage, but there is a general convention. If the annual cost of comprehensive and collision coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it could be time to drop full coverage.

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Indiana auto insurance rates are impacted by many things that will increase or decrease the cost of coverage. Getting older, having a claim, or having a fender bender can trigger price changes that can cause some rates to be cheaper than competitors. Also, insurers change premium rates as often as every quarter in order to protect their financial rating. Significantly higher losses can result in additional premium costs, while a better claims history may cause more affordable Indiana car insurance rates.

For example, the data below compares the cheapest car insurance in Indiana for a 35-year-old female driver with a clean driving record, no accidents, and solid credit. If we compare prices based on her personal risk profile, Travelers quotes the most affordable car insurance rates in Indiana at $620 a year. This is $620 less than the average price paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Western Reserve are also included in the most affordable Indiana auto insurance companies.

In the next rate comparison, we'll give the driver from the first rate comparison a couple of claims, a lower credit score, and a traffic citation. Since each auto insurance company has a unique approach for determining prices, comparing quotes may now present a different list of affordable companies as shown below.

Auto-Owners now has the cheapest insurance rate in Indiana with The Hartford, USAA, Cincinnati Insurance, and Nationwide also having competitive pricing. This illustrates why drivers need to do a thorough rate comparison to find affordable auto insurance rates for 20 year old women. Car insurance prices are calculated by many different factors and can change substantially, so the most economical company the last time you compared rates may now be wasting a lot of money.