Wouldn't it be great if we could just tell you the one company that has the cheapest coverage for teenage females? It's not quite that easy, unfortunately, as there are a ton of unknowns like if you are married, your date of birth, what deductibles to use for physical damage coverage, and if you own your own home. This article will cover the best ways to avoid paying too much and also should give you a good start in finding the cheapest car insurance for teens.

One of the more important components that determine the amount you pay for auto insurance is where you keep your car in Indiana. Areas with more people or higher crime rates like Gary, Merrillville, and Lawrence will most likely pay more, whereas areas with less people or fewer weather incidents receive better rates.

The following table lists the most expensive places in Indiana for teenage females to buy auto insurance in.

Where does Indiana rank for car insurance cost?
Rank City Average Per Year
1 Gary $1,360
2 Hammond $1,275
3 Merrillville $1,128
4 Portage $1,104
5 Lawrence $1,088
6 Terre Haute $1,077
7 Evansville $1,055
8 Indianapolis $1,050
9 New Albany $1,039
10 Jeffersonville $1,038
11 Anderson $1,031
12 Kokomo $1,001
13 South Bend $985
14 Bloomington $968
15 Muncie $965
16 Elkhart $965
17 Richmond $964
18 Carmel $957
19 Fort Wayne $956
20 Columbus $955
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Prices are approximated as specific Indiana garaging address can change premium rates significantly.

The vehicle model you are seeking coverage for is one of the main factors when shopping for economical auto insurance for teenage females. Vehicles with lots of horsepower, poor passenger safety features, or a track record of large liability claims will cost substantially more to insure than more economical and safe models.

The information below shows car insurance costs for a handful of the most budget-friendly automobiles to insure.

Cheapest Vehicles to Insure for Teenage Females in Indiana
Make and Model Estimated Cost for Full Coverage
Ford Escape XLT 2WD $2,177
Honda CR-V EX 2WD $2,186
Honda Accord EX 4-Dr Sedan $2,177
Toyota Prius $2,349
Honda Odyssey LX $2,431
Ford F-150 XLT Regular Cab 2WD $2,441
Toyota Tacoma 4WD $2,451
Ford Explorer XLT 2WD $2,459
Ford Edge SE AWD $2,562
Chevrolet Impala LS $2,570
Toyota RAV4 4WD $2,582
Dodge Grand Caravan Crew $2,602
Chevrolet Malibu LT $2,609
Hyundai Elantra SE 4-Dr Sedan $2,715
Toyota Camry XLE $2,721
Toyota Corolla S $2,715
Ford Fusion SEL 4-Dr Sedan $2,735
Jeep Grand Cherokee SRT-8 4WD $2,743
GMC Sierra SLE Crew Cab 2WD $2,735
Chevrolet Equinox LTZ AWD $2,743
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Data assumes single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium amounts do not factor in specific garaging location which can affect auto insurance rates greatly.

Based upon the table data, vehicles like the Ford Escape, Honda CR-V, and Honda Accord are most likely to be a few of the less-costly vehicles to insure for teen girls. The cost of auto insurance will be higher anyway just due to the fact that there is more inherent risk for teenage females, but in general those particular vehicles will most likely have the lowest prices compared to all other vehicles.

Finding out which companies have the best car insurance rates for teenage females in Indiana calls for a little more effort than just picking a company at random.

Each auto insurance company uses a slightly different approach to determine rates, so let's examine the car insurance companies that tend to have lower prices in Indiana. It's a good idea to know that Indiana car insurance rates are calculated based on many things that control the price of your policy. Getting older, getting married, or getting a speeding ticket may generate price changes that can make some companies cheaper than others.

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Cheapest Indiana car insurance ranked by price
Rank Company Cost Per Year
1 Travelers $614
2 Cincinnati Insurance $678
3 USAA $681
4 Erie $705
5 Western Reserve $846
6 The Hartford $863
7 Indiana Farmers Mutual $867
8 Auto-Owners $888
9 Nationwide $940
10 Motorists Mutual $956
11 Utica National $956
12 State Farm $967
13 Hastings Mutual $973
14 Safeco $983
15 Wolverine Mutual $1,061
16 Farmers $1,064
17 GEICO $1,089
18 Westfield $1,094
19 Progressive $1,095
20 State Auto $1,098
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Travelers normally has some of the most affordable car insurance rates in Indiana at around $614 annually. This is $626 less than the average premium paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve are also some of the more affordable Indiana car insurance companies.

In this example, if you currently have a policy with Erie and switched to Cincinnati Insurance, you could earn an annual premium reduction of about $27. Customers with Western Reserve may save as much as $168 a year, and The Hartford customers might reduce prices by as much as $185 a year.

To see if you're overpaying, click here to start your custom quote or quote rates from the companies below.

Remember that these premium estimates are averaged for all ages of drivers and types of vehicles and and are not figured with a rate increase for teenage females. So the car insurance company that is most affordable for your situation may not even be in the list above. That points out the importance of why you need to get car insurance quotes using your own specific driver and vehicle information.

Best car insurance in Indiana

Buying coverage from the highest-rated insurance provider is difficult considering how many companies sell insurance in Indiana. The company rank data in the next section can help you choose which car insurance providers you want to consider when insurance shopping for teenage females. The rankings below only include the largest companies in America, so smaller companies will not be included in these rankings.

Top 10 Large Auto Insurers in Indiana Ranked by Value

  1. USAA
  2. GEICO
  3. AAA Insurance
  4. Erie Insurance
  5. State Farm
  6. Liberty Mutual
  7. Safeco Insurance
  8. Allstate
  9. 21st Century
  10. Travelers

The diagram below shows how choosing a deductible can increase or decrease insurance costs when researching cheap insurance for teenage females in Indiana. The data is based on a single female driver, full physical damage coverage, and no discounts are applied to the premium.

In the chart above, a 40-year-old driver could reduce rates by $300 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $454 by choosing a $1,000 deductible. Youthful drivers, such as the 20-year-old chart data, can cut $772 every year by choosing larger deductibles on their policy.

If you make the decision to raise deductibles, it is essential to have spare funds to satisfy the extra out-of-pocket expense, which deters some people from using high deductibles.

Cost comparison with and without full coverage

Finding cheaper car insurance is the goal of most drivers, and a good way to lower the cost of insurance for teenage females in Indiana is to buy liability only. The information below illustrates the comparison of premium costs with liability coverage only compared to full coverage. The premium estimates are based on no claims or driving citations, $100 deductibles, marital status is single, and no discounts are taken into consideration.

Averaged for all age groups, physical damage coverage on your policy costs an extra $2,160 per year more than carrying just liability coverage. That proposes the question when is the right time to remove full coverage. There isn't a steadfast formula to drop full coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

There are some situations where dropping physical damage coverage is not a good plan. If you still owe a portion of the original loan, you have to maintain full coverage as part of the loan conditions. Also, if you don't have enough money to buy a different vehicle if your current one is totaled, you should keep full coverage in place.

Last year's bargain might be this year's rip off

Indiana car insurance rates are determined by lots of factors that may substantially change the policy price. Improving your credit rating, moving across town, or getting into an accident can produce rate changes resulting in some companies being more affordable than before. Not only may things change on your end, but companies change prices as often as every quarter to adjust for gains or losses. Heavy losses may cause more expensive premiums, while a better claims history may result in cheaper Indiana car insurance rates.

The data below shows which company has the cheapest car insurance in Indiana for a 45-year-old female driver with no prior claims, no tickets, and solid credit. Based on her current rating profile, Travelers quotes the cheapest car insurance rates in Indiana at $596 per year. This is $644 less than the average premium paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, 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 set of rates an accident claim, a lower credit rating, and a few blemishes on her driving record. Due to the fact that each insurance company has a unique formula for determining prices, getting updated rate quotes most likely will result in a new list of the cheapest car insurance companies in Indiana as shown below.

The Hartford now has the lowest price in Indiana with USAA, Auto-Owners, Nationwide, and Utica National also being competitive. This example shows why it is crucial to take the time to shop around when trying to get cheap car insurance rates for teenage females. Auto insurance prices consist of many risk factors and change frequently, so the most affordable company three years ago may now be wasting a lot of money.