For safe drivers, one of the big criteria that are looked at to help calculate the annual cost of car insurance is your zip code in Indiana. Areas with a lot of weather claims or more people like Gary, Merrillville, and Evansville tend to pay more, whereas areas with fewer weather claims and lower vehicle theft rates can boast about having cheaper rates.
The table below ranks the most expensive areas in Indiana for good drivers to purchase auto insurance in.
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Prices are comparative as specific Indiana zip code can impact price quotes considerably.
Establishing which companies offer the best auto insurance rates for good drivers in Indiana calls for more work than just picking a company at random. Every auto insurer has their own guidelines for establishing rates, so to begin we'll rank the auto insurance companies that tend to have lower prices in Indiana.
It's important to understand that Indiana auto insurance rates are impacted by many things that control the cost of your policy. Simply having another birthday, increasing liability limits, or having an accident can produce rate changes that can make some companies cheaper than others.
Lowest Insurance Price Quotes for Good Drivers
Travelers offers some of the best car insurance rates in Indiana at around $614 per year. This is $626 less than the average rate paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve also make the cut as some of the cheapest Indiana auto insurance companies.
As the example above demonstrates, if you are a policyholder with Erie and switched to Cincinnati Insurance, you might see a yearly savings of upwards of $62. Drivers with Western Reserve may save as much as $174 a year, and The Hartford insureds might reduce prices by as much as $191 a year.
Remember that these policy prices are averaged across all insureds and vehicles and and are not figured with a price discount for good drivers. So the car insurance company that has the lowest price for you may not even be in the list above. That is why you need to get auto insurance quotes using your own driver and vehicle profiles.
The make and model of vehicle you are seeking coverage for is probably the biggest factor when consumers are trying to find low-priced coverage for good drivers. Vehicles with higher performance characteristics, poor safety features, or an increased likelihood of liability claims will cost more to insure than more economical and safe models. The information below illustrates auto insurance rates for a selection of the cheapest automobiles to buy coverage for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda Accord EX 4-Dr Sedan||$554|
|Ford Escape XLS 2WD||$562|
|Honda CR-V EX-L 4WD||$568|
|Dodge Grand Caravan CV||$622|
|Hyundai Elantra GLS Touring Station Wagon||$627|
|Chevrolet Impala LS||$643|
|Volkswagen Jetta S 4-Dr Sedan||$657|
|Toyota RAV4 2WD||$666|
|Toyota Tacoma Double Cab 4WD||$669|
|Ford Edge SE 2WD||$690|
|Nissan Rogue SL 2WD||$706|
|Ford F-350 Super Cab Cabela Package 2WD||$717|
|Chevrolet Equinox LS 2WD||$721|
|Jeep Grand Cherokee Laredo 2WD||$726|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$724|
|Honda Civic EX-L 4-Dr Sedan||$729|
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Data 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 safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Price estimates do not factor in specific location which can revise coverage prices noticeably.
Based on these rates, cars like the Honda Accord, Ford Escape, and Honda CR-V are most likely to be a few of the most economical vehicles to insure for safe drivers.
How to get discounts on Indiana auto insurance
Insurers that provide coverage for good drivers may also give you price discounts that could lower prices by as much as 25% or more if you are eligible. The best auto insurance companies and a summarized list of policyholder discounts can be read below.
- GEICO offers discounts for five-year accident-free, defensive driver, federal employee, multi-policy, and air bags.
- Travelers may include discounts for continuous insurance, IntelliDrive, multi-policy, driver training, hybrid/electric vehicle, early quote, and multi-car.
- Nationwide discounts include accident-free, defensive driving, family plan, anti-theft, and multi-policy.
- Farmers Insurance may offer discounts for switch companies, multi-car, alternative fuel, youthful driver, and pay in full.
- Esurance may have discounts that include homeowner, renters, multi-car, multi-policy, and Switch & Save.
- State Farm has discounts for good student, student away at school, good driver, defensive driving training, multiple autos, and Drive Safe & Save.
- Progressive policyholders can earn discounts including multi-policy, online quote discount, good student, continuous coverage, online signing, and homeowner.
- Mercury Insurance offers premium reductions for multi-car, anti-theft, ease of repair, age of vehicle, multi-policy, and accident-free.
The information below illustrates the difference between car insurance rates with and without discounts applied to the premium. The costs are based on a male driver, no claims or violations, Indiana state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with passive restraint, accident-free, multiple policy, claim-free, safe-driver, and marriage discounts applied. In this example, the average savings per year on auto insurance for good drivers is 28% or $328.
Finding the right car insurance company can be rather challenging considering how many companies there are to choose from in Indiana. The ranking information listed below may help you decide which insurers to look at when shopping your coverage around.
These rankings are only made up of companies that write coverage in many states, so smaller companies are not taken into consideration for the list. To compare prices from the most competitive companies in Indiana, click this link.
Top 10 Large Auto Insurance Companies in Indiana Ranked by Claims Service
- Liberty Mutual
- AAA Insurance
- Safeco Insurance
- The General
Why it's important to shop around
Indiana auto insurance rates are influenced by many factors that may substantially change the policy price. Simply improving your credit, increasing deductibles, or getting into an accident may generate price changes that can cause some rates to be more affordable than competitors.
Additionally, car insurance companies modify rates without warning in order to maintain liquidity for claims. Higher than usual claims can cause increased policy costs, while lower claim levels can cause cheaper Indiana car insurance rates.
To illustrate this point, the data below analyzes the cheapest car insurance in Indiana for a 35-year-old male driver with a clean driving record, no accidents, and a high credit rating. Based on his personal profile, Travelers may offer the cheapest car insurance rates in Indiana at $620 per year. This is $620 less than the average rate paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Indiana Farmers Mutual round out the rest of the cheapest Indiana auto insurance companies.
In this example, we will give the driver from the first example an accident surcharge, a lower credit rating, and a couple of points charged on his driving record. Because every insurance company has their own guidelines to set policy rates, analyzing rates may now present a new list of companies as shown below.
Western Reserve now has the best auto insurance rate in Indiana with Auto-Owners, Nationwide, Cincinnati Insurance, and Motorists Mutual now being in the top five. This example illustrates why consumers need to take the time to shop around when trying to find cheap insurance rates for good drivers.
Car insurance prices are influenced by many risk factors and change substantially, so the most economical option three years ago may now be quite expensive.