For high risk drivers, one of the more important considerations that help determine the annual cost of car insurance is where you live in Indiana. Regions with larger populations or more claims like Gary, Portage, and Indianapolis are more likely to pay higher prices, whereas areas with fewer weather claims and lower vehicle theft rates receive better rates.
The next table lists the most expensive cities in Indiana for high risk drivers in which to purchase auto insurance.
|Rank||City||Premium Per Year|
|Compare Rates Now Go|
Prices are approximated as the specific Indiana residence address can modify premiums considerably.
Figuring out which insurers offer the best insurance rates for high risk drivers in Indiana will take a bit more work in order to find coverage that fits your budget. Every insurance provider has a different formula to set their prices, so let's examine the lowest cost insurance companies in Indiana.
Find Cheaper Auto Insurance for Risky Drivers
|Rank||Company||Cost Per Year|
|7||Indiana Farmers Mutual||$867|
|Find Your Rate Go|
Travelers quotes some of the best car insurance rates in Indiana at around $620 each year. This is $620 less than the average price paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Western Reserve also rank well as some of the best Indiana insurance companies.
As shown in the rates above, if you are a policyholder with Erie and switched to Travelers, you may realize savings of upwards of $113. Customers with Western Reserve could save as much as $226 a year, and The Hartford insureds might realize rate reductions of up to $235 a year.
If you want to find out if you're overpaying, click here to begin a quote or click several companies below for low rates.
Be aware that those policy rates are averages for all drivers and vehicles and and are not figured with a price surcharge for high risk drivers. So the car insurance company that can offer the best rates for your situation may not even be in the top 36 companies shown above. That point stresses why you need to quote rates from as many companies as possible using your own driver data and vehicle information.
The example below shows how choosing a deductible can change annual premium costs when trying to find cheap insurance for high risk drivers in Indiana. The premiums assume a single female driver, comprehensive and collision coverage, and no discounts are factored in.
The data above shows that a 30-year-old driver could lower rates by $254 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $384 by changing to a $1,000 deductible. Even younger drivers, like the Age 20 category, can save $566 every year by choosing larger deductibles on their policy.
When raising deductibles, it's a good idea to have additional funds squirreled away to enable you to pay the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
How to get discounts on Indiana car insurance rates
Insurers that offer coverage for high risk drivers may additionally offer special discounts that could reduce prices by as much as 40% or more if you meet certain criteria. A few popular companies and some of the premium reductions they offer are outlined below.
- GEICO has discounts for anti-theft, seat belt use, emergency military deployment, five-year accident-free, military active duty, and federal employee.
- MetLife offers premium reductions for claim-free, multi-policy, good student, accident-free, good driver, defensive driver
- State Farm discounts include multiple policy, driver's education, good driver, defensive driving training, Drive Safe & Save, and Steer Clear safe driver discount.
- Progressive may offer discounts for good student, multi-vehicle, online quote discount, online signing, continuous coverage, and homeowner.
- Mercury Insurance has savings for good driver, location of vehicle, anti-theft, age of vehicle, multi-car, accident-free, and ease of repair.
- 21st Century policyholders can earn discounts including teen driver, driver training, early bird, student driver, automatic seat belts, and good student.
- Allstate may include discounts for EZ pay plan discount, defensive driver, early signing, anti-theft, and auto/life discount.
The information below visualizes the comparison of car insurance rates with and without discounts being applied to the rates. The premiums are based on a female driver, three violations and one at-fault accident, Indiana state minimum liability limits, full coverage, and $500 deductibles.
The first bar for each age group shows the price with no discounts. The second bar shows the rates with anti-theft, homeowner, marriage, multiple vehicle, passive restraint, and multiple policy discounts applied. When these discounts are applied, the average amount saved each year on insurance for high risk drivers is 28% or $874.
How to find the cheapest insurance for high risk drivers in Indiana
The list below summarizes a few money-saving solutions that can help you get low-cost car insurance.
- Frequent claims will increase rates
- Save money by insuring your home and auto with the same company
- Do not get traffic tickets
- The safer your car, the less it costs to insure
- Accidents can significantly increase rates
- Comparison shop frequently
The last suggestion is notably vital, as was emphasized in the prior information. Car insurance rates adjust frequently, so drivers shouldn't hesitate to switch to a new company if you can save money.
Many drivers have brand loyalty and that's fine, but we do not recommend it if that loyalty ends up costing thousands of dollars over the life of your policy. If you have a few minutes, shop around and find cheaper auto insurance for high risk drivers.