Deciphering which company has the cheapest auto insurance rates in Muncie may require a bit more effort than just getting one or two price quotes. Every car insurance company used slightly different criteria for establishing rates, so we'll go over the most affordable auto insurance companies in Muncie, IN.

It's important to know that Indiana auto insurance rates are impacted by many factors that may substantially change the price you pay for coverage. Simply getting older, becoming a homeowner, or getting a ticket for careless driving may cause policy rate changes that can make some companies more affordable than before.

Cheapest Indiana car insurance ranked by price
Rank Company Cost Per Year
1 Travelers $602
2 Cincinnati Insurance $684
3 USAA $687
4 Erie $705
5 Western Reserve $838
6 Indiana Farmers Mutual $867
7 The Hartford $889
8 Auto-Owners $906
9 Nationwide $930
10 Utica National $965
11 Hastings Mutual $983
12 Motorists Mutual $996
13 State Farm $997
14 Safeco $1,003
15 Farmers $1,064
16 Westfield $1,094
17 Wolverine Mutual $1,094
18 GEICO $1,100
19 State Auto $1,120
20 Progressive $1,128
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Travelers offers some of the cheapest car insurance rates in Muncie 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 are some of the lowest-priced Muncie, IN insurance companies.

In the rate table above, if you are insured with Cincinnati Insurance and switched to Travelers, you could earn savings of about $82. Customers with USAA may save as much as $85 a year, and Erie insureds might see rate reductions of $103 a year.

These policy rates are averaged across all types of insureds and vehicles and do not take into consideration a specific location in Muncie. So the car insurance company that fits your situation best may not even be in the top 36 companies shown above. That affirms the importance of why you need to compare rates from as many companies as possible using your own individual information.

For drivers in Muncie, one of the largest criteria that are looked at to determine auto insurance rates is where you normally keep your vehicle. Cities with more crime and/or more people likely pay more, whereas areas with lower crime rates and fewer weather claims benefit from lower coverage costs.

The information below sorts the most costly cities in Indiana to buy an auto insurance policy in. Muncie makes the list at #22 with the annual price of $937 on average, which is approximately $78 each month.

How much does car insurance cost in Muncie, IN?
Rank City Annual Rate
1 Gary $1,360
2 Hammond $1,314
3 Merrillville $1,139
4 Lawrence $1,099
5 Portage $1,093
6 Indianapolis $1,082
7 Evansville $1,077
8 Jeffersonville $1,070
9 Terre Haute $1,067
10 New Albany $1,059
11 Kokomo $1,001
12 Anderson $1,001
13 Bloomington $998
14 Fort Wayne $976
15 Mishawaka $974
16 Richmond $964
17 Elkhart $956
18 South Bend $947
19 Columbus $946
20 Fishers $945
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Information shown are estimated as vehicle location can modify premium rates significantly.

The vehicle to be insured is probably the largest consideration when comparing quotes for the most affordable auto insurance in Muncie. Vehicles with high performance, poor safety features, or high incidents of liability claims will cost substantially more to insure than more economical and safe models. The information below features auto insurance rates for a selection of the cheaper vehicles to buy coverage for.

Cheapest Vehicles to Insure in Muncie, IN
Make, Model, and Trim Level Estimated Cost for Full Coverage
Ford Escape Limited 2WD $959
Ford Explorer XLT AWD $961
Honda CR-V EX 2WD $965
Honda Accord LX-P 4-Dr Sedan $973
Honda Odyssey EX W/Rear Entertainment $994
Toyota RAV4 Limited 4WD $1,015
Chevrolet Equinox LT AWD $1,022
Toyota Prius $1,042
Ford Edge SE 2WD $1,063
Toyota Camry XLE $1,069
Hyundai Sonata GLS 4-Dr Sedan $1,086
Ford Fusion SEL 4-Dr Sedan $1,088
Chevrolet Malibu LTZ $1,097
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Prices based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Premium costs do not factor in specific location information which can change insurance rates greatly.

Based upon the rates shown, we can tell that cars like the Ford Escape, Ford Explorer, Honda CR-V, Honda Accord, and Honda Odyssey will be the cheaper vehicles to insure for drivers in Muncie.

Should you buy full coverage?

Paying a lower price for insurance is probably important to the majority of people, and one good way to buy cheaper insurance in Muncie is to not buy comprehensive and collision coverage. The chart below illustrates the difference between insurance costs with liability coverage only compared to full coverage. The prices are based on no accidents, no driving violations, $100 deductibles, marital status is single, and no policy discounts are applied.

If the expense is averaged for all age categories, full coverage costs an additional $2,160 per year over and above liability coverage. That raises the question when is it safe to stop buying full coverage. There is no written rule for phasing out full coverage on your policy, but there is a general guideline. If the annual cost of having full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.